MRCB partners Gamuda for KL-S’pore HSR PDP
KUALA LUMPUR (Nov 29): Malaysian Resources Corp Bhd (MRCB) and Gamuda Bhd have partnered up to bid for the project delivery partner (PDP) of the Kuala Lumpur-Singapore high-speed rail (HSR) project.
Ekovest posts flat 1Q net profit
KUALA LUMPUR (Nov 28): Ekovest Bhd, controlled by tycoon Tan Sri Lim Kang Hoo, reported a flat net profit for the first financial quarter ended Sept 30, 2017 (1QFY18), as higher sales recognition from its property development projects was offset by lower profits from its construction operations.
MIEA: Property market to improve after GE
PETALING JAYA (Nov 28): The property market is expected to improve after the general elections (GE) are held, said Malaysian Institute of Estate Agents (MIEA) president Eric Lim.
High-end property in 'a bit of a glut' — MBSB
KUALA LUMPUR (Nov 28): Malaysia Building Society Bhd (MBSB) is of the opinion the Malaysian property segment is in “a bit of a glut” — but only in the high-end property segment, echoing sentiment shared by Bank Negara Malaysia (BNM) recently.
Putrajaya mulls new law to streamline state water management
PETALING JAYA (Nov 28): The federal government plans to enact a new law to streamline the management of water in each state next year, said Natural Resources and Environment Minister Wan Junaidi Tuanku Jaafar.
LBS Bina 3Q net profit up 27% on contribution from ongoing projects
KUALA LUMPUR (Nov 28): LBS Bina Group Bhd's third-quarter net profit rose 26.
Sunway 3Q net profit up 5% on higher revenue as tax expense retreats
KUALA LUMPUR (Nov 27): Sunway Bhd's net profit climbed 5% year-on-year to RM150.
Glomac 2Q net profit down 92% on absence of government grant
KUALA LUMPUR (Nov 27): Glomac Bhd saw a 92.
Moody’s: Protracted overhang may cause material decline in property prices
PETALING JAYA (Nov 27): A protracted period of property supply overhang may cause a material decline in property prices as market valuation adjusts to reflect lower demand, said Moody’s Investors Service.
Eversendai heading towards calmer waters
KUALA LUMPUR (Nov 27): Steel and construction firm Eversendai Corp Bhd, which is looking to expand its operational presence in the UK and Australian markets, is anticipating “positive” results in its upcoming third quarter financials, that is due to be released this week.
