News about co

Being a member of the management committee of a management corporation (MC) is no walk in the park.

KUALA LUMPUR (May 18): Sunway Construction Group Bhd’s (SunCon) net profit in its first quarter ended March 31, 2018 (1QFY18) grew 6% year-on-year (y-o-y) to RM35.

KUALA LUMPUR (May 17): Sime Darby Property Bhd is partnering Japan's Mitsui & Co Ltd and Mitsubishi Estate Co Ltd to jointly develop and lease built-to-suit industrial facilities with a gross development value (GDV) of RM530 million at Sime Darby Property's Bandar Bukit Raja township in Klang, Selangor.

SHAH ALAM (May 17): S P Setia Bhd said today that the Malaysian property market may see improved buyer sentiment after the government announced that the goods and services tax (GST) rate will be reduced from 6% to 0% effective June 1 this year.

KUALA LUMPUR (May 17): Country Heights Holdings Bhd’s wholly-owned unit, Mines Holdings Sdn Bhd, is divesting a 5% stake in Country Heights Health Tourism Sdn Bhd (CHHT) for RM250,000.

KUALA LUMPUR (May 17): While the Council of Eminent Persons, set up under the new Pakatan Harapan (PH) government, met heads of infrastructure projects yesterday, it is “business as usual” for the East Coast Rail Link (ECRL) project, a project spokesman told reporters.

KUALA LUMPUR (May 16): Ewein Bhd is increasing its stake in Ewein Zenith Sdn Bhd to 89% from 73%, as part of its plan to gain control in the Penang-based property developer, which is currently developing a luxury sea-front residential project worth RM800 million in gross development value.

Construction sector Downgrade to neutral: The surprise election outcome with Pakatan Harapan (PH) winning the election led to a knee-jerk selldown in construction stocks.

PETALING JAYA (May 15): Election pledges made by the new Pakatan Harapan (Pakatan) government regarding affordable housing and the property market at large may hurt the industry as the new government seeks to further control the market which could potentially prevent its self-correction, said Institute for Democracy and Economic Affairs (Ideas) senior fellow Dr Carmelo Ferlito.

PETALING JAYA (May 15): Matrix Concepts Holdings Bhd today signed a Memorandum of Understanding (MoU) to jointly undertake the development of an Islamic financial district in Pantai Indah Kapuk 2 (PIK 2) Sedayu Indo City, Jakarta, Indonesia.