Chin Hin sells properties to major shareholders
KUALA LUMPUR (Nov 8): Chin Hin Group Bhd's subsidiaries are selling RM76.
Sentoria plans RM49.5m land sale in Langkawi resort project to rope in strategic investor
KUALA LUMPUR (Nov 8): Property developer and resort operator Sentoria Group Bhd plans to give up ownership of part of a plot of land for its Langkawi Geopark Resort City project to bring in a strategic investor for the resort development.
Wolo Hotel BB sold for RM115m
PETALING JAYA (Nov 2): The four-star Wolo Hotel Bukit Bintang in Kuala Lumpur has been sold for RM115 million or RM864,661 per room, according to an article in The Edge today by Vasantha Ganesan.
Guocoland sees sixth consecutive quarter in the red
KUALA LUMPUR (Oct 30): Guocoland (Malaysia) Bhd, the property development arm of Hong Leong Group, reported a widened net loss of RM10 million for the first quarter ended Sept 30, 2019 (1QFY20) versus its net loss of RM1.
Gagasan Nadi Cergas to buy hostel asset concessionaire for RM158m
KUALA LUMPUR (Oct 29): Gagasan Nadi Cergas Bhd announced today that it plans to acquire polytechnic hostel asset concessionaire Konsortium PAE Sepakat Sdn Bhd (KPS) for RM158 million, cash.
Gadang 1Q net profit slips 10% on lower property sales
KUALA LUMPUR (Oct 24): Gadang Holdings Bhd’s net profit for its first quarter ended Aug 31, 2019 (1QFY20) fell 10% to RM14.
MoF: SST scope widening a possibility
KUALA LUMPUR (Oct 15): The sales and services tax (SST) coverage could be widened on the condition that it does not end up raising the cost of living and becoming a burden to Malaysians, according to the Ministry of Finance.
EcoWorld certain locked-in sales will cover debt from rapid growth
PETALING JAYA (Oct 12): Eco World Development Group Bhd (EcoWorld) emerged as one of the top developers in the country in just six years but that success was assisted by substantial borrowing, according to a report from The Edge by Liew Jia Teng.
Free of charge: Ahmad Maslan offers to be GST consultant for Putrajaya
KUALA LUMPUR (Oct 7): With talk of a revival of the Goods and Services Tax (GST) recently, ex-Deputy Minister of International Trade and Industry Datuk Seri Ahmad Maslan (pictured) has offered himself as a consultant, free of charge.
GST U-turn unnecessary, but SST can be improved
KUALA LUMPUR (Oct 4): The prime minister’s statement yesterday that the government will study if there is a need to reintroduce the scrapped goods and services tax (GST) — the removal of which was one of Pakatan Harapan’s key pledges in the 14th general election (GE14) — is unlikely to gain traction among the rakyat.
