KUALA LUMPUR (Nov 29): The Ministry of Local Government Development has successfully implemented 4,900 projects, the highest number ever recorded by the ministry, for the well-being of the people within the one-year administration of the Madani government, according to Minister Nga Kor Ming (pictured). He said these projects included upgrading markets and public toilets, repairing…
Read MoreKUALA LUMPUR (Nov 28): Construction player Widad Group Bhd widened its losses by more than nine times to RM7.65 million in the third quarter ended Sept 30, 2023 (3QFY2023), from a loss of RM836,000 a year ago, mainly due to higher finance cost arising from borrowings made to acquire a concession business. This is despite…
Read MoreKUALA LUMPUR (Nov 28): A total of 260,000 affordable housing units, or 52.38% of the target of 500,000 units outlined in the 12th Malaysia Plan (12MP) by 2025, have been built so far, the Dewan Negara was told on Tuesday. Local Government Development Minister Nga Kor Ming (pictured) said that efforts to build affordable housing would be…
Read MoreSarawak remains a highly attractive destination in Southeast Asia for individuals of various nationalities. Unbelievable growth in MM2H reflects Sarawak’s allure The most recent data from Malaysia My Second Home (MM2H) and Sarawak-MM2H indicates that Malaysia, especially Sarawak, remains a highly attractive destination in Southeast Asia for individuals of various nationalities. Following the reforms…
Read MoreKUALA LUMPUR (Nov 28): The Ministry of Local Government Development (KPKT) is spending RM90.4 million this year for the maintenance and repairs of 850 low- and medium-cost private and public strata housing throughout the country, except Kuala Lumpur. Its deputy minister Akmal Nasrullah Mohd Nasir said the expenditure encompasses RM44.4 million Malaysian Housing Maintenance Fund (TPPM) for private housing,…
Read MoreKUALA LUMPUR (Nov 26): Police have refuted a viral video showing a supposed landslide at the entrance of the Genting Sempah Tunnel. Bentong district police chief Supt Zaiham Mohd Kahar said the clip had been circulating on social media since Saturday, and the incident shown is believed to have occurred abroad. “The incident in the…
Read MoreKUALA LUMPUR (Nov 27): UOA Development Bhd’s net profit dropped by 47% year-on-year for the third quarter ended Sept 30, 2023 (3QFY2023), in line with a lower set of quarterly revenue, coupled with higher tax expense. Net profit fell to RM50.86 million or 2.08 sen per share for 3QFY2023, from RM96.19 million or 4.03 sen…
Read MoreKUALA LUMPUR (Nov 27): MIDF Research has downgraded AEON Co (M) Bhd to “neutral”, with a lower target price of RM1.14 (previously RM1.40), based on an unchanged price-earnings ratio of 13.9 times, pegged at a lower earnings per share of 8.2 sen forecast for the financial year ending Dec 31, 2024 (FY2024). Despite profit rising…
Read MoreKUALA LUMPUR (Nov 27): Malaysian Resources Corp Bhd (MRCB) reported a net profit of RM1.46 million or 0.03 sen in the third quarter ended Sept 30, 2023 (3QFY2023), down 93.84% year-on-year from RM23.70 million or 0.53 sen a year ago. Quarterly revenue declined 41.43% to RM503.74 million in 3QFY2023 from RM860.02 million in 3QFY2022, according…
Read MoreKUALA LUMPUR (Nov 27): Sime Darby Property Bhd announced its goal to reduce Scope 1 and Scope 2 emissions by 40% by 2030 and achieve net zero emissions by 2050 on Monday. These targets will be reached by retrofitting its assets with energy efficient technology, adopting renewable energy, encouraging behavioural change among its staff and…
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