S P Setia to launch projects worth RM4b in 2H18
KUALA LUMPUR (August 24): S P Setia Bhd plans to launch new projects with an estimated gross development value (GDV) of RM4.
BN govt agreed to higher payout for AES takeover
KUALA LUMPUR (August 24): The previous Barisan Nasional (BN) administration proposed to take over the Automated Enforcement System (AES) project from the Armed Forces Fund Board (LTAT) in November last year, said LTAT ex-chairman Tan Sri Mohd Anwar Mohd Nor.
Tropicana Corp 2Q net profit down 18% on lower revenue
KUALA LUMPUR (Aug 23): Lower sales have dragged Tropicana Corp Bhd’s net profit for the second quarter ended June 30, 2018 (2QFY18) lower by 18.
Najib calls for inquiry into ECRL and pipeline projects
KUALA LUMPUR (August 24): Former prime minister Datuk Seri Najib Razak has asked the new government to establish a Royal Commission of Inquiry (RCI) into controversial China-linked projects — the East Coast Rail Link (ECRL) and two pipelines under the finance ministry-owned Suria Strategic Energy Resources Sdn Bhd, inked under his administration, after coming under fire for committing Malaysia to mega contracts perceived to be lopsided against it.
Guocoland swings into loss on SPA cancellations, lower sales
KUALA LUMPUR (Aug 24): Guocoland (Malaysia) Bhd incurred a net loss of RM20.
ECRL and HSR cost too much, mean too little — Liew Chin Tong
KUALA LUMPUR (Aug 23): The Kuala Lumpur-Singapore High Speed Rail (HSR) and the East Coast Rail Link (ECRL) projects cost too much and mean very little to Malaysia in terms of connectivity and regional strategy, according to Deputy Defense Minister Liew Chin Tong.
Tun Daim met with TTDI RA today, said sources
PETALING JAYA (Aug 23): It is learnt that former Malaysian Finance Minister and businessman Tun Daim Zainuddin has met up with Taman Tun Dr Ismail Residents Association (TTDI RA) to understand their concerns on the development which takes place at part of the land in Taman Rimba Kiara.
SP Setia 2Q net profit up 77% on year at RM443m
KUALA LUMPUR (Aug 23): SP Setia Bhd's second quarter net profit rose 77% year-on-year to RM442.
Khazanah to sell stakes in two JVCos to Temasek, said sources
PETALING JAYA (Aug 23): National strategic Khazanah Nasional Bhd is reportedly in negotiations to sell its stakes in two property-development joint-venture companies to Temasek Holdings Pte Ltd, according to The Malaysian Reserve.
Mumbai building blaze claims four lives
MUMBAI(August 23): A fire raged on the 12th floor in a residential building, killing four people and injuring 22 others, reported the Associated Press.
