MB World's 2Q earnings more than triples as revenue doubles
KUALA LUMPUR (Aug 20): MB World Group Bhd saw its net profit for the second quarter ended June 30, 2018 (2QFY18) rose to RM22.
Gadang wins TRX contract worth RM86m
KUALA LUMPUR (Aug 20): Gadang Holdings Bhd has secured a contract worth RM86.
Transport minister: RFID toll system not confirmed
KUALA LUMPUR (Aug 20): The government has not made a decision on the gateless gantry toll system using radio frequency identification (RFID) at all major highways, said Transport Minister Anthony Loke.
AES contractors paid RM129m, ‘clean profit’ made — Transport Minister
KUALA LUMPUR (Aug 20): The two concessionaires ATES Sdn Bhd and Beta Tegap Sdn Bhd — which operate the automated enforcement system (AES) under a concession that will be ending on Aug 31 — received RM129 million for AES summons issued between 2012 and up to May this year, said Transport Minister Anthony Loke.
ISKL puts former school, land up for sale
KUALA LUMPUR (August 20): The International School of Kuala Lumpur (ISKL), which has a long-standing history in Malaysia, has placed two of its campuses in Selangor up for sale after moving into its new campus in Ampang Hilir, Kuala Lumpur.
Developer cashflow squeezed by longer retention sum period for defect and liability repairs
PETALING JAYA (Aug 16): A 2015 amendment to the Housing Development (Control & Licensing) Act (HDA) in 2015 aimed at protecting home buyers is further strangling the cashflow of property developers whose sales are already slow, reported The Edge Malaysia.
LBS Bina to launch new Dengkil township in Sept or Oct
IJOK (August 18): LBS Bina Group Bhd will be launching a new township in Dengkil by September or October.
Kepong incinerator under review, KPKT mulls alternatives
PUTRAJAYA (Aug 17): Housing and Local Government Ministry (KPKT) Minister Zuraida Kamaruddin stressed that Kepong’s waste-to-energy (WTE) plant, which includes an incinerator, is still under review and the ministry will continue to look for other alternatives.
Rehda: SST exemption might not reduce house prices significantly
PUTRAJAYA (Aug 17): The recent announcement of the Sales and Service Tax (SST) exemption for major building materials and construction services might not have significant impact on property prices, especially for residential property, according to the Real Estate and Housing Developers’ Association (Rehda).
