PPB Group raises capex to RM565 mil for 2017
KUALA LUMPUR (Aug 29): PPB Group Bhd has raised its capital expenditure (capex) by RM164 million mainly for investments in China flour mill, bringing its total capex this year to RM565 million.
Pasukhas gets RM14 mil claim from contractor for Menara Warisan Merdeka project
KUALA LUMPUR (Aug 29): Pasukhas Group Bhd has been dragged into an arbitration proceeding by the main contractor for the 118-storey Menara Warisan Merdeka project, over an alleged breach of subcontract works worth RM14 million.
Ahmad Zaki's 2Q profit jumps 2.6 times with concession income, lower plantation losses
KUALA LUMPUR (Aug 29): Income generated by its facilities management concession of IIUM Medical Centre, together with narrower losses from its plantation division, drove Ahmad Zaki Resources Bhd's net profit up 2.
Leave granted by KL High Court to TTDI residents to pursue judicial review against DBKL and KL mayor
KUALA LUMPUR (Aug 29): Residents of Taman Tun Dr Ismail (TTDI) has obtained leave from Kuala Lumpur High Court to pursue a judicial review against Dewan Bandaraya Kuala Lumpur (DBKL) and the KL mayor.
Mitrajaya 2Q net profit drops 55% on lower construction contribution
KUALA LUMPUR (Aug 29): Mitrajaya Holdings Bhd’s net profit dropped 55% to RM13.
‘Election projects’ may further inflate govt debt
KUALA LUMPUR (Aug 29): An expected rise in large infrastructure projects and affordable housing ahead of the general election is likely to further raise the government’s already-huge contingent liabilities, said RAM Rating Services Bhd.
Tiong Nam 1Q net profit drops 95%
KUALA LUMPUR (Aug 29): Tiong Nam Logistics Holdings Bhd, whose first-quarter (1Q) net profit dropped 94.
Renewed interest in ageing mixed-use developments on Orchard Road
The collective-sale fever has returned, and some investors are adopting a long-term position by buying units in ageing, freehold buildings in the prime Orchard Road belt.
