Jaks Resources’ 2Q net profit triples on higher Vietnam EPC contribution
Net profit for 2QFY19 rose to RM37.29 million from RM12.74 million in the corresponding period last year.
Bank Negara raises income, property price ceilings under RM1b affordable home fund
In a statement today, the central bank said it has increased the maximum monthly household income to RM4,360, while the maximum property price has been increased to RM300,000.
Sarawak Report exposé article led to the start of MACC's SRC probe
MACC investigating officer (IO) Senior Assistant Commissioner Rosli Hussain was shown an article from The Wall Street Journal (WSJ) and he said it was not the WSJ report that resulted in the investigations.
Pintaras Jaya gets additional piling project in Singapore for RM91m
“This brings the total cumulative contracts newly secured to 10, collectively worth RM247 million.”
Vertice bags RM22m construction jobs related to MRT2
In a filing yesterday, the group said the two contracts were awarded by Tri-Arch Sdn Bhd and TA Decke Sdn Bhd.
Another rate cut by BNM soon?
"The BNM cut will likely be due to the continued lowering of a bamboo curtain between the US and China.”
HLIB: More US-China trade tensions could prompt OPR cut to 2.75% — lowest since March 2011
As a small open economy, Malaysia will not be insulated by the escalating trade tensions, HLIB said in a strategy note today.
Sime Darby Property secures 72% take-up for Laman Lakeside in Klang
Laman Lakeside is part of the group’s Spotlight 8 campaign and the second residential product launched in July within the Bandar Bukit Raja township, after the Kyra two-storey link homes that were launched on July 13.
CMMT’s NPI falls in 2Q on lower occupancy in The Mines and Sungei Wang
Gross rental income also fell 3.5% during the quarter to RM66.05 million from RM68.41 million a year ago.
FMM Selangor: Give industries one month's notice on scheduled water interruption
"The current unscheduled water disruption in Petaling, Klang, Gombak, Kuala Lumpur, Hulu Selangor, Kuala Langat and Kuala Selangor has already adversely affected the manufacturing sector in terms of production loss as well as customer and investor confidence."
