Chan Heng Wah assumes CEO post at KIP REIT

Mar 01

KUALA LUMPUR (March 1): KIP Real Estate Investment Trust (KIP REIT) chief financial officer (CFO) Chan Heng Wah has been promoted to chief executive officer (CEO) of the company effective immediately.

OSK Holdings expects property development unit to be relatively quiet in 2018

Mar 01

KUALA LUMPUR (March 1): The property development segment, which dragged OSK Holdings Bhd’s fourth quarter net profit ended Dec 31, 2017 (4QFY17) by 20% to RM63.

GuocoLand unveils Emerald Hills, targets 50% take-up rate for first phase by year-end

Mar 01

KUALA LUMPUR (March 1): After a hiatus, GuocoLand (M) Bhd is gearing up for more launches this year, starting with Emerald Hills @ Alam Damai, Cheras, and targeting a 50% take-up rate for its first phase by year-end.

LBS Bina 4Q net profit drops 13% on higher costs, lower interest income

Mar 01

KUALA LUMPUR (March 1): LBS Bina Group Bhd’s net profit for the fourth quarter dropped 13% year-on-year, mainly on lower interest income and higher finance costs, while other income fell as the previous corresponding quarter had registered a one-off government grant.

AWC up 3.17% on plan to diversify into rail-related works

Mar 01

KUALA LUMPUR (March 1): Shares in AWC rose as much as 3.

Vivocom falls after co reports 4Q net loss

Mar 01

KUALA LUMPUR (March 1): Vivocom International Holdings Bhd shares fell as much as one sen or 11% to eight sen after the construction company said fourth quarter net loss stood at RM2.

Sunway 4Q net profit falls 1.08% to RM183.8m

Mar 01

KUALA LUMPUR (March 1): Sunway Bhd’s fourth quarter net profit fell 1.

MACC freezes RM3.6m in businessman's bank accounts, seizes luxury vehicles

Mar 01

KUALA LUMPUR (March 1): The Malaysian Anti-Corruption Commission (MACC) yesterday took action to freeze four bank accounts belonging to a businessman with the ‘Datuk Seri’ title, who was held the night before, Bernama reported.