Genting Malaysia third-quarter net profit drops 65%
KUALA LUMPUR (Nov 24): Genting Malaysia Bhd’s net profit dropped 65.
Seal Inc sells 28 pieces of land to raise RM27m for working capital
KUALA LUMPUR (Nov 22): Builder-cum-property developer Seal Incorporated Bhd is monetising 28 pieces of land in Penang to raise RM27 million for the group's working capital.
Rate hike to come on the back of a stronger ringgit
KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.
Econpile bags RM208.7m LRT3 piling, infra job from Gabungan AQRS
KUALA LUMPUR (Nov 16): Specialist piling firm Econpile Holdings Bhd has secured its first light rail transit (LRT) contract to undertake piling and infrastructure works for the LRT Bandar Utama-Klang line (LRT3) worth RM208.
Standard Chartered: BNM may hike OPR in January
KUALA LUMPUR (Nov 10): Standard Chartered Bank said Bank Negara Malaysia (BNM) is expected to hike the overnight policy rate (OPR) in January 2018, mainly due to the central bank’s “hawkish intent”.
Eversendai sees Saudi Aramco project as stepping stone
KUALA LUMPUR (Nov 7): Eversendai Corp Bhd, which has bagged RM180 million worth of new projects, including a major offshore fabrication job from Saudi Aramco, anticipates the latter deal will open up new opportunities for the group in the oil and gas (O&G) segment.
Benalec sells seven Melaka plots for RM100.17m
KUALA LUMPUR (Nov 1): Benalec Holdings Bhd is selling seven leasehold plots measuring 216,427 sq m at Klebang, Melaka, for RM100.
AWC’s RM130m TBS maintenance contract terminated
KUALA LUMPUR (Oct 10): After over one year of deference, the RM130 million contract awarded to AWC Bhd by the federal government to maintain the Integrated Transport Terminal in Bandar Tasik Selatan (BTS) has been terminated.
E-commerce will not replace shopping malls in this lifetime
PETALING JAYA (Oct 6): E-commerce will not replace shopping malls because both models need each other to survive, said Retail Group (Malaysia) Sdn Bhd managing director Tan Hai Hsin.
Property rental market needs regulation, says Finance Minister II
PETALING JAYA (Oct 6): Property rental laws are vital to establishing a more robust rental market in Malaysia, said Minister of Finance II Datuk Seri Johari Abdul Ghani.
