News about la

KUALA LUMPUR (Feb 28): Higher profit contribution from the manufacturing, construction and trading divisions lifted Kimlun Corp Bhd’s net profit by 13% to RM24.

PETALING JAYA (Feb 27): Driven by strong performance in the property development segment, Malaysian Resources Corp Bhd (MRCB) has recorded a revenue of RM1.

PETALING JAYA (Feb 27): The aggrieved buyers of Sri Istana Condo on Jalan Kuchai Lama, Kuala Lumpur have succeeded in defending their rights to claim liquidated ascertained damages (LAD) for the delay in delivering vacant possession to them.

KUALA LUMPUR (Feb 27): Property developer Titijaya Land Bhd plans to buy a company that owns three plots of leasehold land in Sabah measuring a total of 30.

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.

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

KUALA LUMPUR (Feb 24): Sarawak-based property developer Ibraco Bhd's net profit in the fourth quarter ended Dec 31, 2016 (4QFY2016) dropped 80% to RM3.