KUALA LUMPUR (Feb 7): KLCCP Stapled Group’s net profit rose 37.6% to RM384.59 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM279.47 million a year ago, primarily contributed by improvement in the hotel and retail segments, while the office segment remained stable. The group — comprising KLCC Property Holdings Bhd and KLCC…
Read MoreKUALA LUMPUR (Feb 7): An arbitral tribunal has awarded a unit of FGV Holdings Bhd RM12.64 million in the plantation group’s contract dispute with construction company Multazam Development Sdn Bhd concerning the latter’s termination from an estate workers housing project. In the final award of the arbitration proceedings brought by Multazam against FGV’s wholly owned…
Read MoreKUALA LUMPUR (Feb 8): Analysts tracking KLCCP Stapled Group anticipate a stable earnings trajectory for the group amid sustained robust tourist activities as well as a steady performance from the facilities management and office segments’ divisions. In a note, Kenanga Investment Bank Bhd said it is optimistic about KLCCP’s prospects in the upcoming quarters, bolstered…
Read MoreBy Datuk Chang Kim Loong Home buyers in Malaysia need to be educated about their rights and the right to demand quality for the big sum they pay for their property. To illustrate this point are two common scenarios: Complaint 1: “After receiving the keys to our home, we were dismayed to discover the property…
Read MoreBy Joseph Wong Many of us have fond memories of stacking Lego blocks to create imaginary homes during our childhood. These blocks, with standard variants ranging from one to six studs, allowed us to build structures limited only by our imagination and the occasional encounter with gravity. In our adult world, the concept of modular…
Read MoreApollo interacted with the crowd, fostering a sense of happiness and engagement throughout the event. SUBANG JAYA: Avaland recently concluded its community-driven green initiative, the Rev Up campaign, with great success, promoting eco-friendly practices by generously providing environmentally conscious Electric Vehicles (EVs) to fortunate homeowners and underscoring Avaland’s steadfast dedication to sustainability. The campaign, which spanned…
Read MoreKUALA LUMPUR (Feb 7): LFE Corp Bhd has secured a RM10.97 million contract from Puncakcity Development Sdn Bhd (PDSB) for earthworks and related works. In a statement on Wednesday, LFE detailed that its wholly owned subsidiary, LFE Engineering Bhd, has been appointed as the contractor for the project. The contract, effective immediately, is slated for…
Read MoreKUALA LUMPUR (Feb 7): Econpile Holdings Bhd has secured a RM30 million contract to undertake substructure works for a 15-storey office building in Shah Alam. In a filing with Bursa Malaysia on Wednesday, the construction company said the contract, awarded by Chingsan Development Sdn Bhd, is expected to contribute positively to its revenue and earnings…
Read MoreKUALA LUMPUR (Feb 6): In a move towards the development of smart cities in Malaysia, Gamuda Land has announced a collaboration with Digital Nasional Bhd (DNB), marking a key step in enhancing 5G connectivity and infrastructure within its townships. The partnership, formalised through a memorandum of understanding (MOU), aims to explore the full spectrum of…
Read MoreScientex is buying 1,094 acres of agricultural land in Muar, Johor, for RM200 million to develop a mixed property project. (Scientex pic) PETALING JAYA: Research houses are positive on Scientex Bhd’s proposed acquisition of 1,094 acres of agricultural land in Muar, Johor, for RM200 million to develop a mixed property project. The plastic products manufacturer…
Read More
