MCT sets higher sales target of RM848 mil for 2023; aims to return to the black this year
MCT announced that the group has successfully launched four projects in 2022.
Bank Negara likely to hike OPR to 3% this Thursday, says Standard Chartered
Standard Chartered (StanChart) expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 25 basis points to 3.0% during its monetary policy meeting this coming Thursday, reversing the Covid-induced rate cuts.
Main Market-listed Kitacon says no impact from property overhang issue, rises 46% on debut
This is despite some investment analysts seeing an increase in the overhang of both residential and commercial properties, although the home price index has begun to soften in 2022.
K Seng Seng’s MD steps down, Keh Chuan Seng named as new executive chairman
The 61-year-old was redesignated as MD in May 2019, two months after the demise of his elder brother Koh Seng Kar @ Koh Hai Siew, who founded the group in the 1980s.
Thriven Global accepts banking facilities from UOB worth RM45m
The banking facilities — a form of financial assistance by the bank — was to finance the proposed development of a block of 293 service apartments known as Penang East Service Suite in Bagan Jermal, Butterworth Penang.
Aurelius plans 10% placement to raise RM75m, proposes to buy land for RM13.58m
The vacant industrial land in Kulim High-Tech Park measures about 301,874 sq ft.
MGB inks preliminary deal with Saudi company for RM2.89b IBS collaboration
Construction engineering company MGB Bhd on Friday (Jan 13) inked a memorandum of understanding (MOU) with real estate development company SANY Alameriah For Construction Co Ltd to collaborate on projects in Saudi Arabia.
IOI Properties’ Arena Residences in Warisan Puteri opens for sale; unveils Lotus’s new concept store at Arena Xchange
The first phase of Arena Residences, the latest residential development in the 206-acre Warisan Puteri in Sepang, is now open for sale, according to IOI Properties Group Bhd chief executive officer Datuk Voon Tin Yow.
JAKS-KACC JV filing application to stay adjudication decision to pay GUH’s unit
A joint venture (JV) of JAKS Resources Bhd is filing an application to stay and set aside the adjudication decision to pay RM11.49 million to GUH Holdings Bhd's unit, plus other interests, costs and adjudicator's fees, following the termination of a work contract.
Ireka warns of possible losses as it reverses decision to put unit under judicial management
Ireka Corp Bhd is giving a profit warning that its financials are expected to be dragged by the huge losses in its wholly-owned unit Ireka Engineering & Construction Sdn Bhd (IECSB) in the current third financial quarter ending March 31, 2023 (3QFY2023).
