LBS’ 2Q net profit up 5% on property projects
LBS Bina Group Bhd (KL:LBS) said its second quarter net profit rose 4.9% to RM34.64 million from RM33.01 million a year ago, boosted by contributions from its key property development projects.
BIMB Securities sees stronger 2025 for developers, keeps 'overweight' sector rating
The property market is poised to strengthen in 2025 due to the potential of increased affordability, amid the proposed Madani Deposit initiative and related proposals in Budget 2025, said BIMB Securities.
AWS Region: Boosting local data storage and reducing latency for businesses
The launch of the Amazon Web Services (AWS) Asia Pacific (Malaysia) Region will allow local businesses to store and process their data within the country, said AWS Malaysia country manager Pete Murray in an interview with Digital Edge.
Eupe Corp sees Bangsar land yielding RM300 mil in GDV
Eupe Corp Bhd (KL:EUPE) said on Thursday a piece of recently acquired land in Bangsar, Kuala Lumpur could yield a gross development value (GDV) of RM300 million
High Court allows Felda and FIC to obtain two classified reports as evidence in Semarak land suit
The High Court here has allowed a discovery application by the Federal Land Development Authority (Felda) and Felda Investment Corporation Sdn Bhd (FIC) to obtain two classified documents in their suit against Synergy Promenade Sdn Bhd regarding vacant possession of the Jalan Semarak land.
YTL Corp ends FY2024 on positive footing, pays 4.5 sen dividend
Integrated infrastructure developer YTL Corp Bhd's (KL:YTL) net profit for its fourth financial quarter ended June 30, 2024 (4QFY2024) slipped 2.5% to RM534.48 million from RM548.03 million a year earlier on lower revenue.
Glomac plans to raise up to RM3 bil via sukuk programme
Glomac Bhd (KL:GLOMAC) plans to raise up to RM3 billion through a sukuk wakalah programme to finance land acquisition, refinance debts and fund capital expenditure.
SD Guthrie, TH Properties mulling RM220m industrial park development
SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, said it is partnering with TH Properties Sdn Bhd to develop Malaysia’s first halal-certified managed industrial park in Negeri Sembilan.
Govt mulls escrow account to ringfence homebuyers’ payments
The Housing and Local Government Ministry (KPKT) said it is planning the setting up of escrow accounts for housing projects, in order to ensure payments by homebuyers are used exclusively for housing projects that they have bought.
Malaysia to rely on conventional power as data centres sprout up — experts
With data centres (DCs) straining national power grids elsewhere, prompting Big Tech to explore alternative power sources to reduce emissions, Malaysia may still rely on conventional power for DCs at home, said experts.
