BY JOSEPH CHINSime Darby president and group chief executive, Tan Sri Mohd Bakke Salleh said the group’s year-to-date results for FY2017 have largely been supported by higher crude palm oil (CPO) prices.KUALA LUMPUR: Sime Darby posted earnings of RM699mil in the third quarter ended March 31,...

PETALING JAYA: Ekovest Bhd’s net profit for its third quarter ended March 31, 2017 was flat at RM11.06mil compared with RM11.08mil in the previous corresponding period, while revenue in the third quarter rose to RM291.75mil from RM184.77mil a year earlier.In a filing with Bursa Malaysia...

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...

KUALA LUMPUR: Hong Leong Investment Bank Research (HLIB) has maintained its “hold” call on WCT Holdings with a target price of RM2.15.“While WCT’s earnings are poised for a recovery that will be driven by its sizable orderbook, we remain cautious on its erratic earnings delivery and high...

THE National Strategic Plan for Tobacco Control 2015-2020 aims to make Malaysia free from the smoking habit by 2045 through the elimination of passive smoking in public areas.To reach that goal, numerous campaigns and efforts have been put in place by the Selangor Health Department in line with the...

BY OH ING YEENA bunting in Taman Jaya, Petaling Jaya, informs the public of the gazetting of parks and the fines imposed for smoking in the area.FROM tomorrow, it will be illegal to light up at public parks in Selangor gazetted as no-smoking zones. This excludes open carpark areas.Under 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...