Gamuda posts better y-o-y and q-o-q net profit in 4QFY21, lifted by stronger construction and property earnings
KUALA LUMPUR (Sept 29): Gamuda Bhd posted a net profit of RM214.
Sime Darby Property and LOGOS SE Asia establish fund management platform to develop industrial and logistics assets
PETALING JAYA (Sept 29): Sime Darby Property (SD Property) and Asia Pacific logistics specialist LOGOS Property Group Ltd have formed a joint venture company to establish a fund management platform to invest and develop “built-to-suit to lease or sell” industrial and logistic assets in Malaysia.
Malaysian banks have no exposure to Evergrande, says S&P
KUALA LUMPUR (Sept 29): Malaysian banks are not directly exposed to embattled property developer China Evergrande Group as they are more concentrated in the Southeast Asian region, says S&P Global Ratings.
IOI Properties announces subsidiary’s successful bid to buy Singapore's Marina View tract
KUALA LUMPUR (Sept 29): IOI Properties Group Bhd announced on Wednesday (Sept 29) its wholly-owned subsidiary Boulevard View Pte Ltd’s successful bid to buy an estimated 0.
Malaysia’s household debt-to-GDP ratio improves to 89.6% at end-June
KUALA LUMPUR (Sept 29): Malaysia’s overall household debt-to-gross domestic product (GDP) ratio improved to 89.
First-time buyers continued to support house prices in 1H21 — BNM
KUALA LUMPUR (Sept 29): First-time buyers of affordable residential property continued to support house prices in Malaysia in the first half of 2021 (1H21) despite the housing market reversing improvements observed in 2H20 as the effects of the positive response to various homeownership incentives introduced by the government subsided.
Impiana Hotel to develop Impiana Cherating with a GDV of RM380m
KUALA LUMPUR (Sept 29): Regional hospitality operator Impiana Hotel Bhd will commence the development of Impiana Resort & Residences in Cherating (Impiana Cherating) (pictured), Kuantan, which carries a gross development value (GDV) of RM380 million.
Scientex says FY21 net profit up 17.2% y-o-y to RM457m on record revenue, declares five sen dividend
KUALA LUMPUR (Sept 29): Scientex Bhd's net profit for the financial year ended July 31, 2021 (FY21) rose 17.
Ahmad Maslan freed after paying RM1.1m compound
KUALA LUMPUR (Sept 29): Former deputy finance minister and Pontian Member of Parliament (MP) Datuk Seri Ahmad Maslan (pictured) was on Wednesday acquitted of charges of money laundering and giving a false statement against him after he agreed to pay a compound of RM1.
Report: 1,822 MM2H participants left the country for good between 2015 and 2019
KUALA LUMPUR (Sept 29): Up to 1,822 Malaysia My Second Home (MM2H) participants left the country for good between 2015 and 2019, Malaysiakini reported findings in the Auditor-General's Report 2019 Series 2.
