EcoFirst 2Q profit jumps on land sale; CEO upbeat on property market recovery
KUALA LUMPUR (Jan 30): EcoFirst Consolidated Bhd saw its net profit for the second quarter ended Nov 30, 2017 (2QFY18) lifted by over five times to RM27.
AmProp-Grosvenor JV buys residential project in Madrid
KUALA LUMPUR (Jan 30): Amcorp Properties Bhd (AmProp) together with its joint-venture (JV) partner, Grosvenor Europe Investments Ltd, have acquired a residential development project in the sought-after Chamberi district of Madrid, Spain.
Joey Yap: Don’t expect market to recover soon
KUALA LUMPUR (Jan 30): Mastery Academy of Chinese Metaphysics founder Datuk Joey Yap foresees the real estate market in Malaysia to remain sluggish in the Year of the Dog.
Pesona targeting a few building-type jobs
Pesona Metro Holdings Bhd (Jan 29, 44 sen) Maintain buy recommendation with a target price (TP) of 70 sen: Pesona Metro Holdings Bhd announced that it had been awarded a RM161.
IKEA founder Ingvar Kamprad dies aged 91
STOCKHOLM, SWEDEN (Jan 30): IKEA founder Ingvar Kamprad, who built a global business empire with revolutionary flat-pack furniture and was known for his contempt for taxes, died aged 91, the Swedish furnishing giant said last Sunday (Jan 28).
‘Johor developers clearing stock, postponing launches’
PETALING JAYA (Jan 29): The second half of 2017 saw some property developers postponing new launches while clearing existing stocks by offering attractive discounts and incentives, including absorbing legal fees, stamp duties and providing furnishing in some projects, according to property consultancy Knight Frank Malaysia.
IDEAS: Lowering housing loan interest rates hides property market problems
KUALA LUMPUR (Jan 29): The Institute for Democracy and Economic Affairs (IDEAS) said the suggestion to lower the interest rates on housing loans by the government would hide issues faced by the local property market.
Malaysia to adopt Alibaba's City Brain smart city solution
KUALA LUMPUR (Jan 29): The Malaysia City Brain initiative — the brainchild of Alibaba Group's cloud computing arm Alibaba Cloud — was launched here today, making Kuala Lumpur the first overseas city to implement the smart city solution.
Report: Probe on Taman Desa crane crash may lead to court case
KUALA LUMPUR (Jan 29): The probe into the crane accident in Taman Desa last week could lead to a possible court case, said the Department of Occupational Safety and Health (DOSH) yesterday.
Weida share trade suspended
KUALA LUMPUR (Jan 29): Weida (M) Bhd's share trade has been suspended since 9am today pending the release of a material announcement by the company.
