KUALA LUMPUR (March 22): Concord Housing Development Sdn Bhd, a wholly owned subsidiary of UOA Development Bhd, has signed a memorandum of understanding (MOU) with Trendcell Sdn Bhd, the operator of Jaya Grocer, for a potential collaboration to operate a premium grocery store at the developer’s upcoming development — Bamboo Hills Residences, off the DUKE…
Read MoreKUALA LUMPUR (March 20): EcoWorld International (EWI) recorded profit before tax of RM1.5 million in 1Q2024 compared to loss before tax of RM30.4 million in 1Q 2023. EWI stated in a statement that this was due to foreign exchange gains from appreciation of British Pound (GBP) against Ringgit Malaysia (RM) on repayment of advances by…
Read MoreKUALA LUMPUR (March 21): Radium Development Bhd announced the declaration of a first single-tier interim dividend of one sen per ordinary share for the financial year ending on Dec 31, 2024. Radium stated in a media release that this reflected “the company’s robust revenue growth and unwavering commitment to delivering value to its shareholders”. The…
Read MoreKUALA LUMPUR (March 21): IJM Land Bhd has unveiled the first phase of landed hilltop residential development called Ridge View @ Puchong, according to a statement on Wednesday (March 20). The first phase will have a gross development value of RM52 million and consists of a total of 35 double-storey linked villas. There are three…
Read MoreKUALA LUMPUR (March 21): Eco World Development Group Bhd recorded profit after tax for 1Q2024 (including Eco World International or EWI) of RM69.6 million, 22.2% higher than 1Q2023. It also saw RM1.26 billion sales in the first four months of FY2024, representing 36% of the company’s FY2024 sales target. The group’s Iskandar Malaysia projects outperformed…
Read MoreKUALA LUMPUR (March 21): Construction firm MGB Bhd has secured a contract worth RM207.03 million to undertake a two-phase property development project in Sepang, Selangor. MGB accepted the project via its wholly owned MGB Construction & Engineering Sdn Bhd, which had accepted the letter of award from Anuar Aziz Architect on behalf of Astana Modal…
Read MoreKUALA LUMPUR (March 20): Kelington Group Bhd’s unit has inked a land lease agreement with the Terengganu State Economic Development Corporation in a move to support the group’s expansion in the liquid carbon dioxide (LCO2) manufacturing segment. Kelington, through its 90.71% owned subsidiary Ace Gases Sdn Bhd, signed the agreement on Wednesday to lease a…
Read MoreBy Datuk Chang Kim Loong OVER the years, the Malaysian government has put in place several policies to help citizens acquire a roof over their heads. Among them is the Bumiputera Housing Policy, which was introduced as part of the New Economic Policy in 1970 to reduce the income disparity between bumiputeras and non-bumiputeras. In…
Read MoreKUALA LUMPUR (March 19): The Public Accounts Committee (PAC) attributed the loss of RM3.19 million in land lease revenue from St Regis Langkawi Hotel to Langkawi Development Authority’s (Lada) failure to conclude the land lease agreement with the operator of the property. In a statement, PAC chairman Datuk Mas Ermieyati Samsudin (pictured) revealed that following…
Read MoreKUALA LUMPUR (March 19): The Ministry of Natural Resources and Environmental Sustainability is conducting a study on the National Carbon Market Policy, slated for completion next year, the Dewan Rakyat was told on Monday. Minister Nik Nazmi Nik Ahmad (pictured) said the policy seeks to support the adoption of both compliance and voluntary carbon market mechanisms in Malaysia, thus…
Read More
