SBC sees ‘interesting’ growth from FY20

KUALA LUMPUR (September 27): Little known property developer SBC Corp Bhd expects to see “interesting” growth in both its top and bottom lines, starting from the financial year ending March 31, 2020 (FY20), driven mainly by its existing projects, namely the Jesselton Quay Central (JQC) in Sabah and the Bandar Ligamas Township in Ulu Yam, Selangor.

READ MORE

RAM downgrades MRCB Southern Link’s RM845m sukuk

KUALA LUMPUR (September 27): RAM Ratings has downgraded the long-term rating of MRCB Southern Link Bhd’s RM845 million senior sukuk to C1 from BB3 on heightened default risk following the abolishment of toll collections at the Eastern Dispersal Link (EDL) which is being taken over by the government.

READ MORE