KUALA LUMPUR (Aug 29): Businesses foresee an improving business situation in the third quarter of 2023 (3Q2023), with the confidence indicator turning positive to 0.7% from -3.1% in 2Q2023, said the Department of Statistics Malaysia (DOSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said this was supported by factors such as the stability of the job market,…
Read MoreKUALA LUMPUR (Aug 29): OSK Holdings Bhd’s net profit rose 23% year-on-year to RM131.04 million for the second quarter ended June 30, 2023 (2QFY2023), from RM105.75 million a year earlier, underpinned by improved operational efficiencies and stronger demand for the group’s products and services. In a bourse filing on Tuesday, the company said quarterly revenue rose to…
Read MoreKUALA LUMPUR (Aug 29): A wider-than-expected share of losses in Sime Darby Property Bhd’s Battersea Power Station (BPS) joint venture (JV) is a cause for concern among analysts, based on the group’s financial results for the second quarter ended June 30, 2023 (2QFY2023). The property group recorded losses from its BPS JV, which widened to RM46.7…
Read MoreGreen spaces, first- and last-mile connectivity, flood mitigation to be discussed in WCSC 2023 The city, along with other major urban centres, must establish and implement a comprehensive urban resilience strategy to address the impacts of various hazards, including those linked to climate change. PETALING JAYA (Aug 29): The international conference on World Class Sustainable Cities…
Read MoreThe government’s Forest City special financial zone plan has the potential to attract investors from Singapore who are in search of affordable alternatives, says Maybank Investment Bank. (Facebook pic) PETALING JAYA: The stocks of listed property developers with exposure to Johor surged today following the government’s announcement of a plan to make Forest City, developed…
Read MoreCountry Garden’s largest overseas development is the Forest City project in Johor, which spans four reclaimed islands bordering the island state of Singapore. (AFP pic) PETALING JAYA: Financially-strapped Chinese developer Country Garden said its property projects in Malaysia including the massive Forest City project in Johor, are on track and it has sufficient assets despite…
Read MoreEco World International has refuted reports that Quek Leng Chan (left) and Leong Kok Wah will receive RM213.84 million and RM240.48 million respectively from its dividend payout of RM792 million. PETALING JAYA: Eco World International Bhd (EWI) has clarified its bumper dividend payout of RM792 million, or 33 sen per share, will not be fully…
Read MoreKUALA LUMPUR (Aug 28): Co-working and flex space provider WORQ officially launched its seventh co-working space in Menara UOA Bangsar, Kuala Lumpur last Friday (Aug 25). The new outlet has achieved 70% occupancy prior to its launch. Officiating at the new outlet opening ceremony last Friday, Ikhlas Capital chairman and founding partner Tan Sri Nazir…
Read MoreSime Darby Property said it had recorded sales totalling RM1.5 billion, representing 65% of its previously lower RM2.3 billion sales target for FY2023. It said the industrial segment was the key contributor with 40% or RM597.0 million of total sales achieved in 1HFY2023. KUALA LUMPUR (Aug 28): Sime Darby Property Bhd, having raised its sales target of…
Read MoreKUALA LUMPUR (Aug 25): Berjaya Land Bhd (BLand) returned to the black with a net profit of RM148.8 million for the year ended June 30, 2023 (FY2023) on the back of higher revenue, after three consecutive years of losses. The group had reported net losses of RM242.96 million for FY2022, RM247.64 million for FY2021 and…
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