Kerjaya Prospek Property to buy land for serviced apartments
The purchase will involve “a few plots of land: two in the Klang Valley and one in the northern region”
IGB Bhd sinks into 1Q net loss on MCO
IGB REIT said revenue decreased to RM234.62 million in the first quarter ended March 31, 2021 (1QFY21) from RM291.42 million a year earlier, due to lower contribution from among others, the group’s commercial and retail property investment segments and hotel operations.
E&O dips back into the red in 4Q with RM75m net loss
E&O attributed the decline in revenue to the properties segment which registered a decrease of RM131 million and the hospitality segment which saw a RM48.1 million decline in revenue.
Malaysia’s new Covid-19 cases surpass 8,000 mark for first time with 8,290 infections
The Ministry of Health earlier this month predicted that lax compliance with standard operating procedures (SOPs) could push the number of daily Covid-19 cases past 8,000 in the first week of June.
Sunsuria 2QFY2021 revenue rises 31% to RM62.95m
Sunsuria attributed the higher revenue to the on-going projects in Klang Valley including Monet Springtime, Monet Garden Townhouses and Villa, Giverny Walk dual frontage shop offices and Tangerine Suites at Sunsuria City, as well as Sunsuria Forum (Phase 2) @ 7th Avenue at Setia Alam and Block D Verdura at Bangsar Hill Park at Lorong Maarof in Bangsar
Shafee's money laundering trial: Reporter confirms writing articles based on accused's press statement
Malay Mail senior correspondent Ida Lim Lee Ting who was testifying today before High Court Judge Datuk Muhammad Jamil Hussin, said she on Sept 8, 2018 received the six-page-long press statement "via WhatsApp" from Muhammad Farhan Muhammad Shafee, who is Tan Sri Muhammad Shafee Abdullah's son
Any further tightening of MCO 3.0 will hurt manufacturing sector, say industry associations
During a virtual press conference by the Penang Manufacturing Advisory Council, Dr David Lacey, who is president of the Free Industrial Zone, Penang, Companies' Association (Frepenca), said if there is a further tightening of MCO rules, it will further impact output, revenue and exports. “So we are really at the limit (threshold) in the current MCO 3.0,” Lacey said.
Hatten Land subsidiary obtains interim protection against creditors pending appeal
The court granted MDSA Resources the interim order yesterday pending the hearing of the company's appeal against the High Court's decision rejecting the sanction of the company's scheme of arrangement with its creditors.
Chinese corporates view Singapore and Malaysia as top destinations for growth opportunities in Asean, says StanChart
The survey was done for the bank’s Borderless Business: China-Asean Corridor report, which explores potential opportunities for cross-border growth between both regions.
Leave Covid-19 vaccination procurement to federal govt, say Penang manufacturers
The sector's representatives said that a public vaccination programme is the best avenue to take, and that private sourcing of vaccines should be avoided.
