MRCB 2Q revenue almost doubles on stronger engineering and construction contribution
KUALA LUMPUR (Aug 29): Malaysian Resources Corp Bhd’s (MRCB) revenue almost doubled to RM756.
Pasukhas gets RM14 mil claim from contractor for Menara Warisan Merdeka project
KUALA LUMPUR (Aug 29): Pasukhas Group Bhd has been dragged into an arbitration proceeding by the main contractor for the 118-storey Menara Warisan Merdeka project, over an alleged breach of subcontract works worth RM14 million.
Mitrajaya 2Q net profit drops 55% on lower construction contribution
KUALA LUMPUR (Aug 29): Mitrajaya Holdings Bhd’s net profit dropped 55% to RM13.
Renewed interest in ageing mixed-use developments on Orchard Road
The collective-sale fever has returned, and some investors are adopting a long-term position by buying units in ageing, freehold buildings in the prime Orchard Road belt.
NEWSBREAK: 76% of South Brooks Condos snapped up over the weekend
PETALING JAYA (Aug 28): The only residential project launch in Desa Parkcity this year, South Brooks saw 76% of its units taken up within two days during its priority sales event last weekend.
Eversendai logs RM20.6 mil profit for 2Q on absence of impairment, forex losses
KUALA LUMPUR (Aug 28): Eversendai Corp Bhd posted a net profit of RM20.
UKM team wins Lafarge Happiness in the City truck design contest
PETALING JAYA (Aug 28): Winners of Lafarge Malaysia’s Happiness in the City truck design competition were announced and received their prizes on Aug 20.
Good vibes
In its modest 1,600 sq ft size, the workspace of Jiggee (M) Sdn Bhd simply overflows with personality — much of it belonging to founder and CEO, Jonathan Seevaratnam.
Syed Mohamed is now Encorp chairman
KUALA LUMPUR (Aug 26): Encorp Bhd has appointed former banker Datuk Syed Mohamed Syed Ibrahim as its chairman, replacing Tan Sri Mohd Isa Abdul Samad, who resigned in mid-August amid an anti-graft probe over the purchase of a luxury hotel in Kensington, London.
Sime Darby makes record RM684 mil impairment to give pure plays a clean start
KUALA LUMPUR (Aug 26): Sime Darby Bhd, which is set to list its plantation and property arms — Sime Darby Plantation Bhd (SD Plantation) and Sime Darby Property Bhd (SD Property) — separately on Bursa Malaysia by November, has undertaken a record impairment at the group level to provide a clean sheet for their financials, moving forward.
