Sime Darby Prop eyes up to 10% recurring income contribution
KUALA LUMPUR (Aug 29): Sime Darby Property Bhd (SDP) is targeting its recurring income segment to contribute up to 10% from its profit before interest and tax (PBIT) by 2022 or 2023 as part of the group’s strategic pillars to grow the recurring income, according to group chief financial officer Datuk Tong Poh Keow.
IJM Corp sees lower FY19 order book replenishment
KUALA LUMPUR (Aug 29): Builder and property developer IJM Corp Bhd expects a lower order book replenishment in the current financial year ending March 31, 2019 (FY19) as it already secured some of the jobs in FY18.
PMO: Property purchase doesn’t promise automatic residency in M'sia
PETALING JAYA (Aug 28): The Malaysian government has stressed that foreigners who wish to reside in Malaysia need to apply for permanent residency through the Malaysia My Second Home (MM2H) program.
All big financial scandals from BN govt ‘more or less’ exposed, says Tony Pua
KUALA LUMPUR (Aug 28): Unless one has been living under a rock, most Malaysians would have heard or read about the numerous revelations of mega financial scandals and alleged wrong doings of the ousted Barisan Nasional (BN) administration.
UPDATE: KPKT minister: Ban on foreign buyers at Forest City not confirmed yet
PETALING JAYA (Aug 28): The decision to ban foreign buyers of units in Country Garden Holdings' Forest City development in Johor is not official yet, said Housing and Local Government Minister Zuraida Kamaruddin.
PSM tells Penang govt to take ‘unpopular steps’ to fix traffic woes
KUALA LUMPUR (Aug 28): The Pakatan Harapan-led Penang government has been called on to “be bold enough to choose unpopular policies” instead of constructing more highways to resolve the state’s traffic problems.
Daiman hits limit up after receiving privatisation offer
KUALA LUMPUR (Aug 28): Daiman Development Bhd shares rose as much as 65 sen or 30% to RM2.
Country Garden shares see-saw over Dr M’s foreign property ownership ban, says report
KUALA LUMPUR (Aug 28): Country Garden Holdings’ shares “see-sawed” yesterday after Malaysian Prime Minister Tun Dr Mahathir Mohamad announced that foreigners will not be allowed to buy property at the Forest City (pictured) mega project in Johor.
It's curtains for the last Rock Corner in Malaysia
PETALING JAYA (Aug 28): The last Rock Corner music store is shuttering on Sept 2 after a 28-year run, reported The Star.
