Prinsiptek expects better earnings beginning 2HFY15

KUALA LUMPUR (June 1): Prinsiptek Corp Bhd — which saw a 64% plunge in its latest quarterly net profit — is expecting better earnings from the second half of this year ending December (2HFY15) on progressive billing and revenue recognition from its construction and property projects, said managing director Datuk Foo Chu Jong.

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E&O plans to list unit to help reduce gearing

KUALA LUMPUR (June 1): Eastern & Oriental Bhd’s (E&O) proposed listing of its UK-based subsidiary, Eastern & Oriental Property (UK) Ltd, on the London Stock Exchange by year-end will help the developer to reduce its gearing level, said analysts.

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The Burj wins again

Dubai’s Burj Al Arab Jumeirah was voted “Best Hotel in the World” in The Telegraph’s “Ultimate Luxury Travel Related Awards (Ultras)” for the third year in a row.

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