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New housing policy unveiled
BY SHARON LING and GERYL OGILVKUCHING: Sarawak has introduced a new housing policy to address the prevailing issue of housing affordability and exert some control over house prices.Deputy Chief Minister Datuk Amar Abang Johari Tun Openg (pic) said housing affordability was “quite acute” in...
5 ways the Klang Valley MRT project will impact the property market in Kuala Lumpur and Greater KL.
By KHALIL ADISConnectivity and Transit Oriented Developments (TODs) will be the trend in the property market from Sungei Buloh all the way to Kajang. We list down five ways the upcoming Klang Valley MRT (KVMRT) project will impact the property market here.Source: The Star Online.Take a walk along...
Tropicana posts RM37.0mil net profit in Q3 FY16
PETALING JAYA: Tropicana Corporation Berhad and its group of companies today announced its unaudited financial results for the third quarter ended 30 September 2016. The Group recorded Q3 revenue of RM357.1 million, a surge of 46.0% compared to the same quarter last year. Cumulative nine months...
TRC Synergy explains delay in reporting termination of MRT contract
BY M. HAFIDZ MAHPARMRT Corp terminated the contract given to TRC Synergy’s unit for renovation and conservation works on two blocks at Sultan Abdul Samad Building on the basis of “national interest.”KUALA LUMPUR: TRC Synergy Bhd said its late announcement to Bursa Malaysia on the loss of a...
Sime Darby Property inks deal with Turner International as project consultant
Sime Darby Property MD Datuk Jauhari Hamidi giving a brief explanation of the Quarza Residence at KL EastKUALA LUMPUR: Sime Darby Property has signed on international construction services company Turner International as its project and construction management consultant for potentially three...
Report: Fintech likely to disrupt fund transfers
PETALING JAYA: More than four-fifths of local financial institutions see financial technology (fintech) as a threat to their business.Meanwhile, 59% of these financial institutions say their engagement with fintech firms are either through joint ventures, acquisition of fintech companies, setting...
IJM Corp’s H1 core earnings broadly in line, says CIMB Research
KUALA LUMPUR: CIMB Equities Research said IJM Corp’s annualised 1HFY17 core net profit made up 91% to 93% of its and consensus full-year forecasts.It said on Tuesday the infrastructure-plantations and property group’s results were broadly in line as billings for the RM8.2bil order book kicks...
Trading ideas: Sime Darby, Tune Protect, Chin Hin, Mega First
KUALA LUMPUR: JF Apex Research expects Sime Darby, Tune Protect, Chin Hin, Mega First, Kerjaya Prospeck, Sunway and Mah Sing to be among the stocks to watch on Monday after their improved quarterly earnings.It said other companies which recorded higher earnings were Ekovest and Hibiscus.However,...
OSK succeeds in taking private PJ Development
BY SHARIDAN M. ALITrading in PJ Development to be suspended from tomorrowPETALING JAYA: OSK Holdings Bhd’s long drawn-out effort to take private property developer PJ Development Bhd is finally bearing fruit with the latter filing to suspend trading of its shares from tomorrow.The filing...
Zecon to build more than 5,900 homes in Kuching
BY JACK WONGKUCHING: Construction firm Zecon Bhd will undertake three major housing projects providing a total of more than 5,900 homes in the state capital.The company’s chairman Datuk Hamzah Drahman said the Sarawak State Planning Authority (SPA) had approved all the three projects, two of...