BAssets 4Q net loss widens following higher deferred tax bill
KUALA LUMPUR (Aug 22): Berjaya Assets Bhd’s (BAssets) net loss widened significantly in the fourth quarter ended June 30, 2019 (4QFY19) to RM83.
Jaks Resources up 6.71% on solid 2Q earnings
KUALA LUMPUR (Aug 22): Jaks Resources Bhd shares rose 6.
Jaks Resources’ 2Q net profit triples on higher Vietnam EPC contribution
KUALA LUMPUR (Aug 21): Jaks Resources Bhd’s net profit jumped near three times in the second quarter ended June 30, 2019 (2QFY19), as it recorded higher earnings in its construction division, contributed by engineering, procurement and construction works in Vietnam.
Steep fees in retirement homes driving Hong Kongers to mainland China
PETALING JAYA (Aug 21): A few years ago, Hong Kong citizens shirked from the idea of spending their golden years in mainland China, when the government tried to encourage its elderlies to move to retirement homes in Guangdong to counter housing scarcity in the densely-populated Hong Kong.
Bank Negara raises income, property price ceilings under RM1b affordable home fund
KUALA LUMPUR (Aug 21): Bank Negara Malaysia (BNM) has expanded the eligibility criteria of its RM1 billion Fund for Affordable Homes, a fund that was set up earlier this year to help those from the lower income group to finance the purchase of their first homes.
Prada to close store in HK's Causeway Bay next year, says report
KUALA LUMPUR (Aug 21): Prada’s retail store in Causeway Bay, Hong Kong, will close when its lease expires in June 2020.
High-level meeting on highways to be held soon
KUALA LUMPUR (Aug 21): A high-level meeting of government officials is believed to take place as soon as tomorrow to map out the plan on the highway concessions in the country moving forward.
Genting Malaysia unit inks merger agreement to delist Empire Resorts
KUALA LUMPUR (Aug 20): Genting Malaysia Bhd (GenM) said today its indirect wholly-owned subsidiary Genting (USA) Ltd (GenUSA) has acquired a 49% stake in joint venture company (JVCo) Hercules Topco LLC, which will hold all outstanding shares in Empire Resorts Inc under Empire's planned delisting from the US stock market.
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Workers' accommodation operator Centurion Corp to expand presence in Malaysia
KUALA LUMPUR (Aug 20): Singapore’s owner-operator of purpose-built workers accommodation (PBWA) Centurion Corp Ltd is expanding in Malaysia, which will include a new asset in Johor that offers 3,600 beds by next year.
Utusan's huge debt turns off potential investors
KUALA LUMPUR (Aug 20): Financially stressed Utusan Melayu (M) Bhd is facing an uphill task finding a white knight to salvage the newspaper group, with total debts of RM139.
