KUALA LUMPUR (Aug 20): Property developer Mah Sing Group Bhd (KL:MAHSING) has called for a revival of the Home Ownership Campaign (HOC) to help promote homeownership. According to a media statement on Tuesday as part of a wishlist for Budget 2025, Mah Sing founder and group managing director Tan Sri Leong Hoy Kum said the…
Read MoreKUALA LUMPUR (Aug 20): Lagenda Properties Bhd’s second quarter net profit increased 45.8% to RM48.4 million from RM33.2 million a year earlier, thanks to higher contributions from its property development and construction divisions. Earnings per share for the quarter ended June 30, 2024 (2QFY2024) rose to 5.78 sen from 3.96 sen, according to the property…
Read MorePlatinum Victory honoured Aaron Chia and Soh Wooi Yik with a RM100,000 incentive, in recognising their remarkable contribution and aiming to inspire future generations of Malaysian athletes. KUALA LUMPUR (Aug 20): Platinum Victory and Southern Score Builders Bhd celebrated the Paris 2024 Olympics bronze medal achievement of Malaysia’s top men’s badminton doubles pair Aaron Chia…
Read MoreKUALA LUMPUR (Aug 20): A formal agreement or contract (‘bai’ah’) between the homeowner, as the client, and the appointed contractor is crucial before starting any project, the Construction Industry Development Board (CIDB) says. “Even a single piece of paper is enough to indicate that there is an agreement between Party A and Party B. That’s how…
Read MoreKUALA LUMPUR (Aug 20): South Malaysia Industries Bhd (KL:SMI) on Tuesday received a takeover offer worth more than RM47 million from a group of major shareholders. The shareholders — Francis Leong and two subsidiaries of Techbase Industries Bhd (KL:TECHBASE) — are offering 45 sen per share to acquire the rest of the shares not already owned…
Read MoreKUALA LUMPUR (Aug 19): The government would not introduce carbon tax in the upcoming Budget 2025, said Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz (pictured). The Ministry of Finance as well as the Ministry of Energy Transition and Water Transformation are still in the process of discussing the mechanism to…
Read MoreKUALA LUMPUR (Aug 19): Malaysia is targeting to attract up to RM300 billion of green investment by 2030, said the Ministry of Investment, Trade and Industry (Miti) on Monday. The target might appear “aggressive” considering that Malaysia managed to only attract investments worth about RM40 billion from 2017 to 2023 into the sector, said Miti…
Read MoreOn Aug 7, Ahmad Shahrir directed the registrar to transfer the 263.72-acre land within three months, free of encumbrances and liabilities. KUALA LUMPUR (Aug 19): The Federal Territory of Kuala Lumpur Land Registrar has filed a stay of the High Court’s decision earlier this month that ordered it to process the transfer of the 263.27-acre…
Read MoreKUALA LUMPUR (Aug 19): The Sessions Court on Monday granted a discharge not amounting to an acquittal (DNAA) to Mudajaya Group Bhd’s (KL:MUDAJYA) former employee Michael Chua Khian Keng on the charge of misappropriating funds totalling RM800,000 from a power plant project. The DNAA was granted to Chua on the grounds that the case had been…
Read MoreIn a bourse filing, the group said the disposal of the land, located in Taman Mastiara, off Jalan Ipoh, presents an opportunity to generate cash flow for its development projects. KUALA LUMPUR (Aug 16): SBC Corporation Bhad (KL:SBCCORP) said it is selling a 2.2-acre land in Kuala Lumpur for RM36.6 million. In a bourse filing,…
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