Paramount’s 2Q profit up 70%, plans RM405 mil launches for 2HFY16

KUALA LUMPUR (Aug 18): Property developer and private education operator Paramount Corp Bhd, which announced a 70% increase in its latest quarterly earnings, is planning up to RM405 million new projects and additional phases of existing developments in the second half of the financial year ending Dec 31, 2016 (2HFY16).

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SStwo Mall up for sale

ASIAN Retail Mall Fund II (ARMF), which owns the SStwo Mall in Petaling Jaya, is believed to be seeking a buyer for the retail asset as an earlier plan to redevelop the site has been shelved.

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AQRS to get RM500 mil SUKE subcontract

Gabungan AQRS Bhd, a mid-size construction and property development company, is getting a RM500 million subcontract for the CA3 portion of the Sungai Besi-Ulu Kelang Expressway (SUKE).

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Questions abound for DPMM’s property project

SCEPTICS are questioning the viability of a property development project for the Malay Chamber of Commerce of Malaysia (Dewan Perniagaan Melayu Malaysia, DPMM) on a piece of land it owns in Bukit Petaling, Kuala Lumpur.

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Modern living

A NEED for change propelled Nick Fong and Alex Lee to strike out on their own in 2008 with their interior design firm, Nu Infinity.

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MRCB close to clinching RM700m DASH contract

PROPERTY and infrastructure developer Malaysian Resources Corp Bhd (MRCB) is close to securing a RM700 million work package for the Damansara-Shah Alam Highway (DASH) project, say sources with knowledge of the matter.

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