Property players have favourable view of revised Budget 2023
The revised Budget 2023 was tabled earlier on Friday (Feb 24) by Prime Minister Datuk Seri Anwar Ibrahim. The budget themed “Menbangun Malaysia Madani” is aimed at helping the rakyat and boosting the economic prospects of the country.
Rehda applauds revamped budget, expresses concerns over materials price issue
The Real Estate and Housing Developers’ Association (Rehda) Malaysia supports the revamped Budget 2023 tabled today, which includes the measures aiming to assist the rakyat, while ensuring an inclusive and sustainable economic growth, its president Datuk NK Tong said.
Govt confident of reducing MRT3 costs to below RM45b, says Anwar
Prime Minister Datuk Seri Anwar Ibrahim said his administration is reviewing the Mass Rapid Transit 3 (MRT3) project, and is confident of achieving further savings and bringing down the price tag to under RM45 billion, from RM50 billion announced by the previous government.
High debt, weak administration add to Malaysia’s economic challenges, says Anwar
The country faces five core challenges in its domestic economy — a debt level that is too high, a decline in quality of administration, global economic uncertainties, a slow recovery in investments to pre-pandemic levels, and the impact of economic challenges on the rakyat — said Prime Minister Datuk Seri Anwar Ibrahim.
Putrajaya pledges continued financial support in strategic transport projects in 2023
The government has pledged to continue its financial commitment to national strategic projects in transport such as the light rail transit and the mass rapid transit, according to the revised 2023 Economic and Fiscal Outlook report.
Top Builders says it won't be able to submit 1Q results on time
Top Builders Capital Bhd said it is unable submit its unaudited financial report for the first quarter ended Dec 31, 2022 (1QFY2023) by Feb 28, as required under the Main Market Listing Requirements.
Berjaya Land returns to the black in 2Q with RM84 mil net profit
Berjaya Land Bhd (BLand) returned to the black in the second quarter ended Dec 31, 2022 (2QFY2023) with a net profit of RM84.39 million, versus a net loss of RM23.93 million a yaer earlier, extending its profitability streak for the second consecutive quarter.
YTL Corp’s 2QFY23 net profit rebounds sharply as hotels, utilities segments improve
YTL Corp Bhd’s net profit jumped to RM96.91 million in the second quarter ended Dec 31, 2022 (2QFY23) from RM2.04 million a year ago, after its hotels segment returned to the black with RM49 million profit from a RM32 million loss while profit in the utilities segment grew stronger to RM214 million from RM139 million.
Sunway books RM203 mil net profit in 4Q, declares 3.5 sen dividend
Sunway Bhd posted a net profit of RM202.98 million for the fourth quarter ended Dec 31, 2022 (4QFY2022), with all business segments recording higher profits except construction, trading and manufacturing, and others segments.
