News by M

The piling company's net profit came in at RM8.84 million in 1QFY20, down 41.2% from RM15.04 million in the previous corresponding quarter. Quarterly revenue shrank to RM135.3 million in 1QFY20 from RM200.2 million a year ago, according to its filing to Bursa Malaysia yesterday.

Mah Sing group managing director Tan Sri Leong Hoy Kum: We have always believed that properties in the affordable range and at good locations are still seeing good demand.

This brings the property developer’s full year net profit to RM126.82 million, down 18.3% from RM155.24 million in FY18, while revenue stood 25% lower at RM534.26 million versus RM712.26 million in the preceding year.

In a statement today, National Mortgage Corporation said the issuance proceeds will be used to fund the purchase of Islamic home financings from the financial system.

The concession, which manages UiTM Seremban 3 campus in Negeri Sembilanis, is housed under Menang’s subsidiary Inovatif Mewah Sdn Bhd.

Azlan Shah Jaffril said he also had to pay a RM2 million bribe to former Deputy Prime Minister and Home Minister Datuk Seri Ahmad Zahid Hamidi to operate OSCs in Nepal and Pakistan to process work permits for people from those countries.

As at Oct 31, industrial buildings — including a single-storey detached factory with a two-storey office block, a warehouse and storage building — and other miscellaneous structures are erected on the parcel of land.

Since 2014 till July 2019, the authorities have received a total of 697 applications of which 161 were rejected.

In a bourse filing, the group posted an ordinary dividend of 0.6 sen, which has an ex-date of Dec 30, 2019 and is payable on Jan 10, 2020.

Speaking at the Dewan Rakyat today, he said the government is replacing the fuel subsidy with the targeted subsidy programme and allowing the price of the fuel to gradually increase until it reaches market price.