KUALA LUMPUR (July 25): JAKS Resources Bhd (KL:JAKS) said it has signed a memorandum of understanding (MOU) with a subsidiary of TDM Bhd (KL:TDM) to collaborate on a land lease as part of its bid for the fifth Large Scale Solar (LSS5) programme. The construction and power utilities group said its wholly-owned unit, JAKS Solar…
Read MoreKUALA LUMPUR (July 25): IGB Real Estate Investment Trust’s (KL:IGBREIT) net property income (NPI) for the second quarter ended June 30, 2024 (2QFY2024) rose 6.5% to RM109.48 million from RM102.79 million a year ago, due to higher rental income. Its revenue increased 5.95% to RM149.97 million from RM141.54 million, said IGB REIT, which owns the…
Read MoreKUALA LUMPUR (July 25): KIP Real Estate Investment Trust (KL:KIPREIT) said on Thursday its net property income surged 62.8% in the final quarter of 2024 earlier, thanks to strong gain of retail properties in the northern and central regions. Net property income totalled RM26.43 million for the three months ended June 30, 2024 (4QFY2024) compared…
Read MoreKUALA LUMPUR (July 25): UOA REIT (KL:UOAREIT), a trust which mainly manages commercial properties, saw its net rental income fall 22.06% to RM16.48 million in its second quarter ended June 30, 2024 (2QFY2024), from RM21.15 million a year ago, dragged by higher property operating expenses. Its property operating expenses stood at RM11.11 million in 2QFY2024,…
Read MoreKUALA LUMPUR (July 25): IGB Commercial Real Estate Investment Trust’s (KL:IGBCR) (IGB Commercial REIT) net property income (NPI) rose 10.8% to RM34.45 million in the second quarter ended June 30, 2024 (2QFY2024) from RM31.11 million a year earlier, on higher rental income in the current quarter. It also saw net profit for the quarter increase…
Read MoreTan (second from left) and his dynamic team celebrating a double triumph at the Creative Colour Awards (CCA) in Chennai. PETALING JAYA: Nippon Paint has announced that TKCA Architect achievement as the recipient of the 2024 Creative Colour Awards (CCA) Grand Prix, which was presented on July 25, 2024 and held at the ITC Grand…
Read MoreGiving the thumbs up to the project are (from left) Norsazila, Teng, Chu and Wong. PETALING JAYA: Gamuda Land, a leader in Malaysia’s property development sector, has introduced a groundbreaking home typology that sets a new benchmark in the Malaysian real estate market. This innovative concept is poised to redefine home living by integrating unique…
Read MoreLai (third right) and his legal team for developer Prema Bonanza Sdn Bhd, whose appeal was allowed by the apex court. PUTRAJAYA: The Federal Court made a clear decision that a 2020 ruling, known as the Ang Ming Lee decision, will only apply to future cases, not to past ones. This ruling has been a point…
Read MoreKUALA LUMPUR (July 24): Gadang Holdings Bhd’s (KL:GADANG) net loss narrowed to RM9.37 million for its fourth quarter ended May 31, 2024 (4QFY2024) from RM27.7 million a year ago, as revenue expanded due to higher contributions from its construction division. Revenue rose 32% to RM150.5 million from RM114 million, according to the construction firm’s bourse…
Read MoreKUALA LUMPUR (July 24): CapitaLand Malaysia Trust (KL:CLMT) posted a 15.2% jump in its second quarter net property income from the same quarter a year ago, as most of the malls within its portfolio recorded higher revenue as a result of positive rental reversions and higher occupancies. CLMT’s net property income for the second quarter…
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