George Kent’s 1H earnings above expectations
The engineering division experienced the best of both worlds with 1HFY17 revenue growing 85% and the profit before tax (PBT) margin expanding from 15.2% to 16.7%.
Strong marketing sets EcoWorld apart from rivals
The group recently rolled out a global launch of four new projects (Eco Ardence, Eco Grandeur, Eco Bloom and Eco Business Park II) consisting of 1,524 units with a gross development value of slightly more than RM1 billion, and an average indicative take-up rate of 81%.
Higher earnings ahead for Econpile
Among the property projects near finalisation are Pusat Bandar Damansara (Pavilion Damansara), and residential properties in Sungai Besi and Jalan Pudu.
Vistra establishes its first Centre of Excellence in Malaysia
One of the largest global independent corporate services providers, Vistra Group, has established its first Business Process Outsourcing (BPO) Centre of Excellence (COE) in Iskandar Puteri, Johor Bahru to support its operations in Singapore and Southeast Asia, the group said in a statement today.
Limited scope for OPR cut amid thin BNM foreign reserves — HSBC
“Unfortunately, there is limited scope for rate cuts beyond that. Although low inflation does provide room for easing, overly aggressive cuts could result in capital outflows, which BNM might find challenging to counter with its thin forex (foreign exchange) reserves.”
George Kent's 2Q net profit soars 142%, announces 3 sen dividend
George Kent said the jump in earnings was mainly contributed by higher contributions from its engineering and metering divisions.
Rehda hopeful of special tax for property segment in Budget 2017
Former president Datuk Ng Seing Liong said Rehda had proposed to the government to lower the Goods and Services Tax on building and construction materials by at least by half.
Rehda introduces Bumi Mapex
“We want to provide a platform for bumiputeras who are looking to own a home. Here, they will find the bumi units that are offered by developers.”
MIER: Malaysia's living cost, affordable housing crucial
“We think that to improve cost of living, we should look at ways to improve people's productivity and income first.”
Scientex 4Q net profit up 10.7%, proposes 10 sen dividend
Scientex Bhd's net profit rose 10.7% to RM54.14 million or 23.54 sen a share for the fourth quarter ended July 31, 2016 (4QFY16) from RM48.91 million or 21.66 sen a share a year ago, on higher revenue contribution and better operational efficiency in the group's consumer packaging operations and resilient demand for its affordable properties in Johor.
