News about co

PETALING JAYA (March 30): The Ministry of Urban Wellbeing, Housing and Local Government must give homebuyers the right to be heard before developers are given an extension of time (EOT) to complete a project, the Court of Appeal ruled today.

KUALA LUMPUR (March 30): Eco World International Bhd (EWI), which is 27%-owned by Eco World Development Group Bhd, has raised its sales target for its financial year ending Oct 31, 2018 (FY18), to RM3 billion from RM2 billion previously, based on plans for its existing projects and additional sales it intends to achieve from its new Be Living sites.

KUALA LUMPUR (March 30): Eco World Development Group Bhd’s (EcoWorld) net profit for the first quarter ended Jan 31, 2018 (1QFY18), shrank 79% year-on-year (y-o-y) to RM24.

JOHOR BAHRU (March 29): Swedish furniture maker IKEA is eyeing a third store in the capital of Malaysia but there is no timeline as to when the development will be announced.

PETALING JAYA (March 28): The authorities, property developers, owners, and other stakeholders in the real estate sector are urged to come up with specific measures to reduce the severe imbalances in the office and shopping complex segments that threaten the rest of the economy, according to the “Financial Stability and Payment Systems Report 2017” published by Bank Negara Malaysia (BNM) today.

KUALA LUMPUR (March 28): Malaysia still has some catching up to do in the realm of industrialised building system (IBS) owing to issues such as construction joints, standardisation of components size and economies of scale.

PETALING JAYA (March 27): Average accommodation prices paid in six prominent travel destinations in Malaysia have increased by 4% to 19% y-o-y in 2017, in line with a global uptrend last year.

KUALA LUMPUR (Mar 27): Vivocom Intl Holdings Bhd jumped 7.

KUALA LUMPUR (March 27): Malaysian Resources Corp Bhd (MRCB) has bagged an RM11 billion contract to undertake project management services for a proposed mixed development in Bukit Jalil here.

KUALA LUMPUR (March 27): WCE Holdings Bhd has proposed a renounceable rights issue of five-year, zero coupon redeemable convertible unsecured loan stocks (RCULS) and free detachable warrants, in a bid to raise up to RM417.