Axis Real Estate Investment Trust's (Axis REIT) net property income (NPI) for the fourth quarter ended Dec 31, 2023 (4QFY2023) increased by 6.3% to RM66.16 million from RM62.22 million a year ago, on the back of higher revenue.
Voon, 66, will replace Datuk Ho Hon Sang, who has been at the helm since 2016 and cited retirement as the reason for his resignation.
The significant earnings contraction was primarily due to impairments including investment loss of RM9.57 million, RM2.88 million for stock, RM3.1 million for retrenchment benefits, among others.
Malaysia Airports Holdings Bhd (MAHB) has announced that a consortium consisting of ALSTOM Transport Systems (Malaysia) Sdn Bhd, IJM Construction Sdn Bhd (IJMC) and Pestech Technology Sdn Bhd will be completing the aerotrain replacement project.
Stocks associated with businessman Datuk Dr Yu Kuan Chon continued to endure selling pressure, with both Rapid Synergy Bhd and YNH Property Bhd hitting limit down once again shortly after Wednesday's trading began.
BLD Plantation Bhd has acquired two properties in Bintulu, Sarawak, for RM24 million for its business expansion.
This follows the issuance of 37 RFI documents, as part of the July 2023 exercise.
YNH Property Bhd has revealed that it is exploring proposals to sell certain landed properties of the company and its subsidiaries in response to an unusual market activity (UMA) query from Bursa Malaysia.
The utilisation of Rapid bus and rail services reached an average of 1.05 million passengers a day as of December 2023, according to Transport Minister Anthony Loke Siew Fook.
Transport Minister Anthony Loke Siew Fook said Prasarana Malaysia Bhd ought to improve the monitoring of the quality of work done by its contractors to resolve issues of facility malfunctions in railway stations, and blacklist those who underperform.
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