News by theedgemalaysia.com

YTL Corp Bhd net profit in the second quarter ended Dec 31, 2023 (2QFY2024) rose six-fold to RM589.21 million from RM96.91 million a year ago, lifted by stellar results from listed units YTL Power International Bhd and Malayan Cement Bhd.

Property developer Eastern & Oriental Bhd (E&O) is in talks with banks to finalise the mechanism to raise between RM1 billion to RM1.5 billion for the development of its 760-acre Andaman Island project in Penang.

IPC Shopping Centre in Mutiara Damansara, Petaling Jaya, Selangor, has unveiled its new anchor tenant, MR DIY Plus, as well as a line-up of additional food and beverage (F&B) offerings that are expected to be opened this year, according to its operator Ikano Corp Sdn Bhd in a press statement on Thursday.

Property developer Eastern & Oriental Bhd (E&O) has reported a 14.47% growth in its third quarter net profit, thanks to higher contributions from its property and hospitality segment, as well as higher unrealised foreign exchange gains.

A consortium between Citaglobal Bhd and Reneuco Bhd has secured a 30-year concession to supply electricity to the East Coast Rail Link (ECRL) from project owner Malaysia Rail Link Sdn Bhd (MRL).

The Sessions Court has allowed Hydroshoppe Sdn Bhd director Datuk Abdul Hamid Shaikh Abdul Razak Shaikh's passport to be returned temporarily for him to attend work-related engagements in the US and Germany.

Kuala Lumpur Kepong Bhd has redesignated its chief executive officer Tan Sri Lee Oi Hian as its executive chairman, following the retirement of Tun Raja Muhammad Alias Raja Muhammad Ali as the group's non-executive chairman on Wednesday.

Builder cum property developer LBS Bina Group Bhd has reported a 31% growth in its fourth quarter net profit, underpinned by increased contribution from its property development business and better progress of construction activities. 

Co-labs Coworking is eyeing to double its total space under management to 300,000 sq ft across Malaysia in the next two years, its director Benjamin Teo told the press at the official launch of the seventh Co-labs Coworking space at The Five in Damansara Heights, Kuala Lumpur, on Wednesday.

Gamuda Land, the property arm of Gamuda Bhd, signed memorandums of understanding (MOUs) with three higher educational institutions on Feb 3 for research on environment conservation.