UOA REIT's 2Q net profit drops 7% on higher operating expenses
It posted a net profit of RM13.98 million or 2.16 sen for the second quarter ended June 30, 2023 (2QFY2023), versus RM15.07 million or 2.37 sen a year ago.
Lebtech says RM55m Pekan job for reclamation, shore protection terminated
This was because the builder could not come to an agreement with Global Marine Sdn Bhd, from whom it secured the project, on the terms and conditions of the final definitive agreement for the job.
Special residence pass to be granted to investors committing at least RM5b investments in targeted manufacturing sectors, says Miti
The investments will have to be in the targeted manufacturing sectors promoted by the government through its New Investment Policy and the upcoming New Industrial Master Plan 2030
King’s Park in Genting Highlands officially launched
King’s Park Development Sdn Bhd (formerly known as Highlands Park City Sdn Bhd) has officially launched its latest integrated mixed-use development, named King’s Park in Genting Highlands, via an opening ceremony of its sales gallery on Saturday (July 22).
Former Consortium Zenith director says impossible RM2m payment went to Guan Eng, when money was part of RM19m earmarked for Najib
A former director of Consortium Zenith Construction Sdn Bhd (CZCSB) told the Sessions Court on Friday (July 21) that it was impossible for a RM2 million payment to have made its way to Lim Guan Eng, when he had been initially told it was paid via businessman G Gnanaraja to then prime minister Datuk Seri Najib Razak, in order for the company to maintain close ties with Najib.
Chin Hin Group Property partners with AFFIN BANK to offer home financing solutions
Chin Hin Group Property Bhd (CHGP) is collaboratting with AFFIN BANK to offer the AFFIN Home Step Fast/i home financing solutions to homebuyers.
Increase in legal fees will, however, be set off by (legal) discounts
The last few years have seen challenging times for many people, including professionals and lawyers too. In a nutshell, in line with the rising cost of living and doing business since the last revision of the SRO 2005 (revised in year 2017 hereinafter referred to as ‘SRO 2017’), the SRO 2023 reviewed upwards the schedule of fees that lawyers can legally charge and offer discounts and rebates
Rise in conveyancing legal fees will mean increased cost of purchasing a home, says Rehda
The recent hike in conveyancing legal fees will result in a rise in the cost of purchasing a house, said Real Estate and Housing Developers' Association Malaysia (Rehda).
Unitrade Industries partners Invest Kedah to develop modular housing systems
Building materials wholesaler and distributor Unitrade Industries Bhd is teaming up with Invest Kedah Bhd to jointly develop modular housing systems as centralised labour quarters (CLQs) in Kedah.
Gamuda buys 9.1-acre land in Vietnam for US$315 mil for mixed-use development
Gamuda Bhd’s property arm Gamuda Land has entered into an agreement to acquire a 9.1-acre site in Thu Duc City in Ho Chi Minh City (HCMC), Vietnam, for approximately US$315.8 million (RM1.47 billion).
