IJM Corp 3Q net profit down 27% on lower property, industry contributions, forex loss
KUALA LUMPUR (Feb 28): IJM Corp Bhd saw its net profit drop 26.
PNB brings Park Hyatt Hotel to PNB 118
KUALA LUMPUR (Feb 28): Permodalan Nasional Bhd (PNB), which is on the lookout for tenants for its iconic PNB 118 tower, believes the building, which is set to be the tallest building in Southeast Asia and the third tallest in the world, has a prestigious address that will attract global corporations to establish their offices there.
Eversendai upbeat on prospects after FY17 turnaround
KUALA LUMPUR (Feb 28): Steel and construction outfit Eversendai Corp Bhd, which returned to black in its financial year ended Dec 31, 2017 (FY17), is upbeat about its prospects this year as it continues to build steady growth in terms of revenue and profit.
SunCon appointed project delivery partner for RM274m Penang project
KUALA LUMPUR (Feb 28): Sunway Construction Group Bhd’s (SunCon) unit has been appointed the project delivery partner for the expansion of a nine-storey commercial development to the existing Sunway Carnival Mall in Seberang Jaya, Penang.
Tropicana 4Q earnings more than doubles
KUALA LUMPUR (Feb 28): Tropicana Corp Bhd, which intends to buy land near Genting Highlands, saw its net profit for the fourth quarter of its financial year ended Dec 31, 2017 (4QFY17) more than double to RM69.
Azeez: I have never heard of Zenith Construction
GEORGE TOWN (Feb 28): Pilgrims Fund Board (Tabung Haji) chairman Datuk Seri Abdul Azeez Abdul Rahim, served with a letter of demand by Penang undersea tunnel developer Consortium Zenith Construction Sdn Bhd (CZC), said he does not know the company.
MACC detains businessman on suspicion of RM19m bribe for Penang undersea tunnel project probe
PETALING (Feb 28): The Malaysian Anti-Corruption Commission (MACC) has detained a 37-year-old businessman on suspicion of accepting a bribe of RM19 million to close investigations into the RM6.
UEM Sunrise to develop ‘next Mont’Kiara’ in Klang Valley in 2018
KUALA LUMPUR (Feb 27): UEM Sunrise Bhd is on a mission to develop “the next Mont'Kiara” in the Klang Valley, offering more affordable properties than the high-end enclave in Kuala Lumpur, said its managing director and CEO Anwar Syahrin Abdul Ajib.
MACC engages outside consultants on Penang undersea tunnel feasibility studies
PETALING JAYA (Feb 27): The Malaysian Anti-Corruption Commission (MACC) is engaging outside consultants to review the feasibility studies of the RM6.
UEM Sunrise hits record sales of RM1.49b, beats sales target by 24%
KUALA LUMPUR (Feb 27): UEM Sunrise Bhd has registered property sales of RM1.
