News by M

Its net profit increased 5.6% to RM68.77 million in 3QFY16 from RM65.13 million in 3QFY15, while revenue grew 4.1% to RM125.88 million from RM120.96 million during the same period under review.

Minister in the Prime Minister's Department Datuk Seri Shahidan Kassim said another 25 units were still under construction and would be handed over to flood victims in stages by month's end.

CapitaLand has announced the establishment of its third integrated development private investment vehicle in China, Raffles City China Investment Partners III (RCCIP III) — which fully closed at US$1.5 billion (RM6.25 billion) and has a life of eight years.

Frasers Property says the deal is one of the largest site acquisitions in Melbourne in recent years

Gross revenue for the quarter fell 8.5% to S$50.6 million from S$55.3 million in 3Q15, a decrease of S$4.7 million, due weaker renminbi against SGD.

These measures should relieve the burden of first-time homebuyers slightly...

With the latest project, we remain positive about the group’s outlook as this will enable them to continue playing a pivotal role in robust development particularly in the Klang Valley.

CMMT’s management is focusing its efforts to arrest rental reversion decline for Sungei Wang Plaza and has put in place strategies to help reposition and rebrand the mall.

The good intentions behind the measures to increase the supply of affordable housing announced in the recently tabled Budget 2017 may be good but they would need effective implementation, said the Selangor branch chairman of the Real Estate and Housing Developers' Association Malaysia (Rehda), Zulkifly Garib.

THE RM1.25 billion Eastern Dispersal Link (EDL) in Johor has not been a rewarding investment for Malaysian Resources Corp Bhd (MRCB) so far. Between the lower-than-expected traffic volume and heavy debt, it has been a deadweight for the group’s balance sheet and a drag on earnings.