MCT falls into the red in 1Q on hedging losses and lower sales
KUALA LUMPUR (July 1): Property developer MCT Bhd recorded a net loss of RM21.
LBS Bina takes in revenue of RM299m, plans more launches this year
PETALING JAYA (July 1): LBS Bina Group Bhd (LBS) recorded a revenue of RM299 million and profit before tax of (PBT) RM24 million for the first quarter ended March 31, 2020 (1QFY20).
Tropicana to continue introducing new developments in 2020 with GDV of RM1.6b
KUALA LUMPUR (July 1): Tropicana Corp Bhd’s first-quarter net profit fell 89% to RM5.
BLand reaches settlement with South Korea on Jeju Airest City dispute
KUALA LUMPUR (June 30): Berjaya Land Bhd says the South Korean government has agreed to pay 125 billion Korean won (about RM443.
MIPEAC advocates HBA's call to extend Penjana initiatives to secondary market
KUALA LUMPUR (June 30): The Malaysian Institute of Professional Estate Agents and Consultants (MIPEAC) supports the government’s National Economic Recovery Plan (Penjana) initiatives to boost the economy and agrees with the National House Buyers Association's (HBA) call to extend the benefits and waiver to the secondary market as the economy has been severely affected by the Covid-19 pandemic as well as the subsequent movement control order (c) and conditional MCO (CMCO).
Don’t disallow PKFZ forfeiture case just because CBT charges against OC Phang have been withdrawn — DPP
PUTRAJAYA (June 30): The withdrawal of charges against former Port Klang Authority (PKA) general manager Datin Paduka OC Phang should not be used as a reason to disallow the seizure of more than RM37 million in purported illegal proceeds from nine companies and individuals, the Federal Court was told today.
MBSB targets 3% to 4% loan growth in FY20
KUALA LUMPUR (June 30): Malaysia Building Society Bhd (MBSB) is targeting a loan growth of 3% to 4% for the financial year ending Dec 31, 2020 (FY20), amid uncertainties brought about by the Covid-19 pandemic.
Retiree claims HSBC failed in duty to prevent him from being a victim of scams
KUALA LUMPUR (June 30 ): Retiree Lee Cheong Chee, 55, is suing HSBC Bank Malaysia Bhd for negligence, saying the bank did not advise him against going ahead with transactions that “it could have deduced to be fraudulent”, the Malay Mail reported today.
OCR Group posts higher revenue for 1Q
PETALING JAYA (June 30): OCR Group Bhd posted a revenue of RM28 million for its first quarter ended March 31, 2020 (1QFY20), up 28.
