Sime Darby Prop 1Q profit down on lower property development income, higher finance costs
KUALA LUMPUR (May 21): Sime Darby Property Bhd’s net profit for the first quarter ended March 31, 2020 (1QFY20) plunged 95% to RM14.
SP Setia 1Q net profit down 62% as MCO hits property, construction segments
KUALA LUMPUR (May 14): Property developer S P Setia Bhd saw its first-quarter net profit drop 62% year-on-year (y-o-y) on lower earnings from its property development and construction segments, partly due to the Movement Control Order (MCO), which led to closure of sales offices, construction sites and social activities, resulting in disruptions to the operations of its businesses.
Jalil Rasheed: PNB to step away from property development after 118 completed
KUALA LUMPUR (May 14): Permodalan Nasional Bhd (PNB) president and group chief executive officer Jalil Rasheed said today that the state-owned asset manager would step away from property development upon completion of its RM5 billion megastructure in 2024.
IOI Properties appoints Voon Tin Yow as CEO
PETALING JAYA (April 14): IOI Properties Group Berhad (IOIPG) has redesignated its Chief Executive Officer (CEO) Lee Yeow Seng as Executive Vice Chairman and appointed Dato’ Voon Tin Yow as CEO effective April 15, 2020.
Enriching the lives of PPR youths, one sports court at a time
PETALING JAYA: What’s the point of having facilities that are wasting away and no longer able to serve their full purpose? Outdoor recreational spaces for the community, especially children and youths, are aimed at promoting a healthy lifestyle and even to nurture sports talent, hence it would be a shame if such facilities become eyesores instead.
UEM Edgenta 4Q net profit jumps 43.5%, declares 8 sen dividend
KUALA LUMPUR (Feb 26): UEM Edgenta Bhd said its fourth quarter net profit grew 43.
IJM Corp 3Q net profit nearly halves
KUALA LUMPUR (Feb 26): IJM Corp Bhd’s net profit nearly halved to RM49.
Tiger Synergy plans to raise up to RM80m via rights issue, private placement
KUALA LUMPUR (Feb 12): Tiger Synergy Bhd plans to raise up to RM29.
Miami property project approved for P&O
Pacific & Orient (P&O) have obtained building approval for land in Miami, Florida, according to a report.
Developer urged to change plans for one-way street in Taman Wahyu into two-way
PETALING JAYA (Dec 5): Residents of Taman Wahyu in Kepong, Kuala Lumpur are urging a developer currently building a condominium in the area to build a two-way road instead of the proposed one-way road, the Star reported today.
