PPB Group raises capex to RM565 mil for 2017
KUALA LUMPUR (Aug 29): PPB Group Bhd has raised its capital expenditure (capex) by RM164 million mainly for investments in China flour mill, bringing its total capex this year to RM565 million.
Pasukhas gets RM14 mil claim from contractor for Menara Warisan Merdeka project
KUALA LUMPUR (Aug 29): Pasukhas Group Bhd has been dragged into an arbitration proceeding by the main contractor for the 118-storey Menara Warisan Merdeka project, over an alleged breach of subcontract works worth RM14 million.
Ho Hup profit almost halves in 2Q amid higher finance cost, lower revenue
KUALA LUMPUR (Aug 29): Ho Hup Construction Company Bhd's net profit for the second quarter ended June 30, 2017 (2QFY17) fell 47% year-on-year to RM10.
Ahmad Zaki's 2Q profit jumps 2.6 times with concession income, lower plantation losses
KUALA LUMPUR (Aug 29): Income generated by its facilities management concession of IIUM Medical Centre, together with narrower losses from its plantation division, drove Ahmad Zaki Resources Bhd's net profit up 2.
Leave granted by KL High Court to TTDI residents to pursue judicial review against DBKL and KL mayor
KUALA LUMPUR (Aug 29): Residents of Taman Tun Dr Ismail (TTDI) has obtained leave from Kuala Lumpur High Court to pursue a judicial review against Dewan Bandaraya Kuala Lumpur (DBKL) and the KL mayor.
Mitrajaya 2Q net profit drops 55% on lower construction contribution
KUALA LUMPUR (Aug 29): Mitrajaya Holdings Bhd’s net profit dropped 55% to RM13.
IOI Properties’ 4Q revenue surges 34% y-o-y, driven mainly by Singapore development
PETALING JAYA (Aug 29): IOI Properties Group Bhd 4Q2017 revenue has registered a 34% year-on-year (y-o-y) jump to RM1.
‘Election projects’ may further inflate govt debt
KUALA LUMPUR (Aug 29): An expected rise in large infrastructure projects and affordable housing ahead of the general election is likely to further raise the government’s already-huge contingent liabilities, said RAM Rating Services Bhd.
