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Bumiputera quota: Rehda calls on govt to set automatic release mechanism to resolve housing issues
Consequently, this has led to “a number of unintended consequences”, the first of which is the increased number of completed but unsold units, which Tong said is incorrectly labelled as “overhang”.
Widad widens loss by over ninefold in 3Q to RM7.65m
This is despite revenue more than doubling to RM56.
PN17 firm Perak Corp teams up with Advancecon to develop RM1b GDV industrial project in Perak
Under the JV, Perak Corp will be entitled to a revenue share of 35% based on the net development value while Advancecon will be entitled to 65%.
MRCB 3Q net profit down on lower revenue from property development, construction segments
MRCB said the decline in revenue was due to much lower contributions from the property development and investment division, as well as the engineering, construction and environment division, following the completion of three major infrastructure construction projects last year and two major property development projects in the first half of 2023 (1HFY2023).
Sime Darby Property aims to achieve net zero emissions by 2050
These targets will be reached by retrofitting its assets with energy efficient technology, adopting renewable energy, encouraging behavioural change among its staff and using lower-carbon materials, amongst other things.
UOA Development earnings down 47% amid lower revenue, higher tax expense
Revenue declined by 34.
OSK's 3Q earnings up 9% despite lower contributions from property, construction segments
OSK said, in a filing with Bursa Malaysia on Monday, that it recorded stronger sales revenue for its power cable and industrialised building system (IBS) wall-panel manufacturing, driven by both local and export sales.
IOI Properties stumbles after 1Q net profit declines, but analysts upbeat on outlook
Analysts were unperturbed by its poorer y-o-y performance, as the results mostly met their expectations, while its core net profit had swelled q-o-q thanks to higher share of results from joint ventures and improved contributions from its property investment segment.
