BY TAN SIN CHOWGEORGE TOWN: The state government’s decision to get a loan from a state-owned bank in China as “bridging finance” to carry out Phase 1 of the Penang Transport Master Plan (PTMP) continues to draw questions.Penang MCA chairman Datuk Tan Teik Cheng questioned the state’s need...

BY INTAN FARHANA ZAINULGROUP chief executive officer Datuk Yau Kok Seng said that for this year, Tropicana planned to launch property projects worth RM1.6bil, focusing on landed residential houses, shop houses and high-rise affordable homes.“The affordable home segment is new for the group. For...

GEORGE TOWN: The Penang government has called for action to be taken against the developer of a RM1.2bil coastal reclamation project dubbed ‘The Dubai of Malaysia’ in Kedah.Chief Minister Lim Guan Eng expressed shock that reclamation work on the Aman Laut project had begun even without the...

PETALING JAYA: DRB-Hicom Bhd has narrowed its net loss for the fourth quarter of financial year 2017 ended March 31, as its top line improved significantly on a year-on-year (yoy) basis.In a filing with Bursa Malaysia, the firm announced that it has registered a 58.4% yoy lower net loss at...

PETALING JAYA: Damansara Realty Bhd’s external auditors, Messrs Jamal Amin and Partners, have expressed an unqualified opinion on the company’s financial statements for the financial year ended Dec 31, 2016.In a filing with Bursa Malaysia yesterday, the property developer said its auditors had...

 Renting out property is becoming an increasingly popular option for people who want to supplement their income. You might have a house you cannot sell or an extra room you don’t use, whatever the case may be, there are tons of reasons why people choose to rent out their property. The process of...

PETALING JAYA: WCT Holdings Bhd, an engineering, construction and property company, recorded a three-digit jump in its net profit for its first quarter ended March 31, due to healthy margin growth.WCT’s net profit for the quarter shot up by 276% to RM33.1mil from RM8.8mil a year ago.This was...

PETALING JAYA: Logistics and warehousing provider Tiong Nam Logistics Holdings Bhd reported a net profit of RM38.4mil for its fourth quarter ended March 31, 5% higher than the net profit of RM36.6mil for the same period a year earlier on improved revenue across its segments.Revenue for the quarter...

Property sales in KL Sentral (above) contribute to Malaysian Resources Corp Bhd's strong bottom line.PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) made a net profit of RM10.5mil for its first quarter ended March 31, 2017, up 2.4 times from the RM4.38mil posted in the same quarter a year...

Revenue from mall: Revenue from property investment business was higher due to additional revenue from the Sunway Velocity Mall which was opened in December 2016.PETALING JAYA: Construction-and-property firm Sunway Bhd posted a 5.69% rise in net profit to RM107.91mil for the first quarter ended...