By Joseph Wong Retirement is a much-anticipated phase in our lives – a time when we can finally relax at our own homes, travel to foreign lands or just savour the rewards of all that hard work. However, the question arises: Do you have enough to live comfortably? A quick survey showed that the sum…
Read MoreBy Joseph Wong Amidst the backdrop of escalating construction costs and the pervasive impact of inflationary pressures on the prices of goods and services, the inevitable consequence of rising property prices has become increasingly apparent. As economic forces continue to exert their influence on various sectors, the real estate market has found itself caught in…
Read MoreThis is an urban underground bus terminal with various people waiting for public transportation via buses and trains in Bucharest, Romania. By Joseph Wong IN Malaysia, the conventional paradigm of urban expansion without limits is swiftly losing relevance. Faced with the looming threat of climate change and the undeniable constraints of finite resources, it’s crucial…
Read MoreSINCE August 2020, the National House Buyers Association (HBA) has been involved in a series of consultations with the Ministry of Housing and Local Government (KPKT). We wonder whether the current minister, Nga Kor Ming, has been adequately briefed on the draft proposals and amendments to the Housing Development (Control & Licensing) Act 1966 and Housing…
Read MoreKUALA LUMPUR (May 21): Batu Kawan Bhd [KL:BKAWAN] and its 47.74%-owned associate Kuala Lumpur Kepong Bhd [KL:KLK] on Monday reported lower earnings for their second quarter ended March 31, 2024 (2QFY2024) amid continued underperformance in the manufacturing and property segments. KLK’s net profit fell 38.65% to RM117.07 million or 10.8 sen per share, from RM190.81…
Read MoreKUALA LUMPUR (May 21): Property development and management group Menang Corp (M) Bhd (KL:MENANG) has declared a special dividend of six sen a share as its quarterly earnings rose to a six-year high. Net profit more than doubled to RM7.32 million for the third quarter ended March 31, 2024 (3QFY2024) from RM3.28 million a year…
Read MoreKUALA LUMPUR (May 21): Annum Bhd’s (KL:ANNUM) largest shareholder, Datuk Seri Chin Kok Foong, has disposed of his entire 14.83% stake in the Practice Note 17 (PN17) wood-based products manufacturer. The former executive director of engineering construction firm Ageson Bhd (KL:AGES) sold the stake comprising 33.73 million shares on May 16 in a direct business…
Read MoreKUALA LUMPUR (May 21): Binastra Corp Bhd’s (KL:BNASTRA) managing director and largest shareholder Datuk Tan Kak Seng has sold a 6% stake in the construction outfit for RM36 million. According to a bourse filing on Monday, Tan’s vehicle JT Conglomerate Sdn Bhd offloaded 30 million shares in Binastra — formerly known as Comintel Corp Bhd…
Read MoreKUALA LUMPUR (May 18): Berjaya Asset Bhd (KL:BJASSET) on Saturday officially launched Times Square 2, a luxury serviced apartment development located next to Berjaya Times Square in Jalan Imbi, Kuala Lumpur. At Saturday’s official launch ceremony, Tan Tee Ming, executive director of Berjaya Times Square Sdn Bhd (BTS), which is a subsidiary of Berjaya Asset,…
Read MoreKUALA LUMPUR (May 17): Ho Hup Construction Company Bhd (KL:HOHUP) said its 52%-owned unit Golden Wave Sdn Bhd (GWSB) has applied with the High Court to be placed under judicial management. Judicial management is a corporate rescue mechanism where companies seek the appointment of a judicial manager when they are unable to pay their debts,…
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