PAC told no more govt assets will be sold to repay 1MDB debts
Repayments of the now-defunct entity’s principal and coupon amounts are transparent.
Sunway Property records bookings worth RM800m for eight of its Signature Series developments
The eight projects include Sunway Alishan, Sunway Flora, Jernih Residence, Sunway Artessa, Sunway d’hill, Sunway Serene, Sunway Velocity TWO and Sunway Belfield.
MBAM hopes for boost in construction sector with more projects in Budget 2023 wishlist
Master Builders Association Malaysia (MBAM) has announced its Budget 2023 wishlist, urging the government to boost the construction sector with more projects, according to a statement released on Monday (Sept 26).
Property group Encorp diversifies into silica mining
Property developer Encorp Bhd is diversifying into silica mining, which it sees as having a “huge future potential”.
Farm Fresh fulfils condition for land purchase in Negeri Sembilan
Dairy producer Farm Fresh Bhd has obtained the state authority's consent for the transfer of a freehold industrial land in Bandar Baru Enstek, Negeri Sembilan to the group to set up a manufacturing hub.
Gamuda’s 4Q net profit up 20% amid stronger construction and property earnings
Gamuda Bhd’s net profit increased 19.89% to RM255.24 million for the fourth quarter ended July 31, 2022 (4QFY22), from RM212.88 million a year earlier, on the back of improved earnings in the construction and property divisions.
Nexgram to acquire Langkawi resort from Croske for RM90 million via subsidiary’s RCPS issuance
Loss-making Nexgram Holdings Bhd is acquiring Wings By Croske Resort Langkawi for RM90 million, to be paid via issuance of preference shares by its subsidiary Medic Asset Group Sdn Bhd (MAG).
Scientex's 4QFY22 profit slips 12% amid record revenue, declares five sen final dividend
Scientex Bhd's net profit slipped 12.4% to RM124.98 million in the fourth quarter ended July 31, 2022 (4QFY22) from RM142.65 million, hit by higher tax and interest expenses amid margin compression in its property segment.
Annum appoints Koperasi Belia Nasional as agent to sell terrace homes in Perak project to its members
Plywood products maker Annum Bhd (formerly Cymao Holdings Bhd), has inked a preliminary agreement to appoint Koperasi Belia Nasional (Kobena) as an agent to get its members to purchase all 130 single-storey terrace homes of a residential project which it is developing in Perak.
SRC International settles suit with Putrade Property Management
SRC International Sdn Bhd and two of its subsidiaries have settled their RM1.43 million suit against Putrade Property Management Sdn Bhd, which manages the World Trade Centre Kuala Lumpur, amicably.
