KUALA LUMPUR (Aug 12): The proposed development of a port city on Carey Island could significantly boost the land value of SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, over time to the tune of RM7.1 billion, according to Maybank Investment Bank (Maybank IB). SD Guthrie owns 11,000 hectares or about 85%…
Read MoreKUALA LUMPUR (Aug 12): Kumpulan Kitacon Bhd (KL:KITACON) has secured a contract worth RM111.23 million for the construction of factories and industrial facilities in Klang, Selangor. In a filing with the bourse, the construction firm said that its wholly-owned subsidiary, Kitacon Sdn Bhd, had accepted a Letter of Award from Sime Darby Property (Bukit Raja)…
Read MoreKUALA LUMPUR (Aug 9): Prime Minister Datuk Seri Anwar Ibrahim on Friday said that there is a need for the government to relook from a legal point of view into the High Court’s decision in favour of Semantan Estate Sdn Bhd in the dispute involving 106.5 hectares of land in Mukim Batu. The prime minister…
Read MoreKUALA LUMPUR (Aug 8): TSH Resources Bhd’s (KL:TSH) land sales, which would have fetched roughly 2.43 trillion Indonesian rupiah (RM731.09 million), in North Kalimantan have been downsized to RM447.17 million. The plantation group announced to the stock exchange that its plan to sell the remainder of three land plots in North Kalimantan did not materialise,…
Read MoreKUALA LUMPUR (Aug 8): Analysts have trimmed their earnings forecasts for Sentral REIT (KL:SENTRAL), following a lease expiry at Menara Shell in May, but see limited downside risk to occupancy rates in the medium term. Calls on the REIT’s units remained mixed following the latest quarterly results, although analysts flagged its appealing distribution yield as…
Read MoreKUALA LUMPUR (Aug 8): MK Land Holdings Bhd (KL:MKLAND) said on Thursday it has reached a settlement with the tax authority that would cut the additional bills and penalty imposed on its unit by nearly 85%. Under the settlement agreement with the Inland Revenue Board, the taxes payable by Saujana Triangle Sdn Bhd would be…
Read MoreKUALA LUMPUR (Aug 8): The Attorney General’s Chambers (AGC) on Thursday filed a notice of appeal against the High Court’s decision requiring the government to return 263.72 acres (106.72 hectares) of land known as the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd. “Yes, it was filed this afternoon (Thursday),” said senior…
Read MoreKUALA LUMPUR (Aug 8): The preference for owning expensive cars and maintaining a lifestyle beyond their means is preventing millennials from investing in homeownership. Their level of awareness of the importance of owning a home is low as they do not consider it a priority, according to an expert interviewed by Bernama. Universiti Sains Islam…
Read MoreKUALA LUMPUR (Aug 9): UEM Sunrise Bhd (KL:UEMS) collaborated with social enterprises under the Ministry of Entrepreneur and Cooperatives Development to hold a ‘Waste to Wonder’ community programme in July, according to a press statement on Friday. The statement highlighted that the ‘Waste to Wonder’ programme aims to promote sustainable waste management practices and environmental…
Read MoreKUALA LUMPUR (Aug 8): Tesla has never committed to opening a factory in Malaysia, said Minister of Investment, Trade, and Industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz. (pictured) In a post on X, formerly known as Twitter, Tengku Zafrul explained that the Ministry of Investment, Trade and Industry (MITI) had engaged in discussions with…
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