News about l

PETALING JAYA (Feb 27): Mah Sing Group Bhd (Mah Sing) unveiled its new corporate logo and tagline during the company’s annual dinner at the Majestic Hotel, Kuala Lumpur, recently.

PETALING JAYA (Feb 27): The phase one of M101 Skywheel, Kuala Lumpur was 80% sold at its official launch last weekend, said M101 Holdings Sdn Bhd CEO Datuk Seth Yap.

KUALA LUMPUR (Feb 27): Sime Darby Bhd’s proposed pure-play strategy involving the creation of three listed entities also entails the restructuring of the group’s borrowings, transferring of certain assets within the group and the capitalisation of inter-company loans.

KUALA LUMPUR (Feb 27): Kerjaya Prospek Group Bhd has posted a fivefold increase in net profit for the fourth quarter ended Dec 31, 2016 (4QFY2016) after consolidating results from two subsidiaries that were acquired in January 2016.

SINGAPORE (Feb 27): Maybank Kim Eng Research continues to rate UOL Group Limited at “buy”, mainly for the property developer’s “strong execution with quick inventory turnover stemming from the right pricing strategy” following the release of its FY2016 results, which was largely in line with estimates.

PETALING JAYA (Feb 27): S P Setia Bhd is looking to launch the first tower of serviced apartments at its integrated development Trio at Bukit Tinggi, Klang, by mid-March.

KUALA LUMPUR (Feb 27): Sime Darby Bhd saw its net profit for the second financial quarter ended Dec 31, 2016 (2QFY2017) more than double to RM644 million or 9.

KUALA LUMPUR (Feb 27): Enra Group Bhd saw a 114.

PETALING JAYA (Feb 27): Gabungan AQRS Bhd, which recently posted a turnaround in the financial year ended Dec 31, 2016 (FY2016), is believed to stand a good chance of securing the contract to build the police headquarters in Kota Sultan Ahmad Shah (KotaSAS), according to sources.

EMPLOYERS be forewarned! The proposed Employment Insurance Scheme (EIS) will be implemented soon pending final approval by the government.