Revenue for the quarter jumped 52.74% to RM62.06 million from RM40.63 million a year ago, according to its filing with Bursa Malaysia. No dividend was declared for the current quarter. KUALA LUMPUR (May 7): Property developer I-Bhd (KL:IBHD) reported that its net profit more than doubled in the first quarter of FY2025 from a year…
Read MoreJohari, 53, was also former CEO of Hektar Real Estate Investment Trust and led the company’s post-pandemic recovery to profitability. KUALA LUMPUR (May 2): UDA Holdings Bhd has appointed real estate veteran Johari Shukri Jamil (pictured) as its new president and chief executive officer effective immediately. Johari, backed by achievements in transformation and value creation,…
Read MoreKUALA LUMPUR (May 2): Battersea Power Station is to bring forward a new phase of residential, retail, community and leisure development having secured detailed planning approval from Wandsworth Council, completing Electric Boulevard, London’s newest high street. “This latest phase adds two new Gehry Partners designed residential buildings comprising 306 new homes. “They will form an…
Read MoreFMM calls for national action plan to address shortage of proper accommodation for workers Its president Tan Sri Soh Thian Lai proposed that the action plan be implemented jointly by the Ministry of Housing and Local Government, the Ministry of Human Resources, and local authorities. KUALA LUMPUR (May 2): The Federation of Malaysian Manufacturing (FMM)…
Read MoreKUALA LUMPUR (April 30): A total of RM46 million has been allocated for the repair of homes and public infrastructure affected by the gas pipeline fire in Putra Heights, Subang Jaya, on April 1, said Housing and Local Government Minister Nga Kor Ming. (pictured) He said RM40 million of the amount came from the National…
Read MoreVizione said that the termination of the contract is not expected to have any material impact on the company’s earnings or net assets in the near term. KUALA LUMPUR (April 30): Vizione Holdings Bhd (KL:VIZIONE) said on Wednesday that a RM750 million construction contract awarded by a related party has been terminated, effective immediately. The…
Read MoreKUALA LUMPUR (April 30): The proposed Urban Renewal (PSB) Act will provide homeowners the opportunity to obtain new, more comfortable, spacious, and livable replacement units, says Housing and Local Government Minister Nga Kor Ming. He said this was in line with the “no less favourable” condition stipulated under the Act, which allowed homeowners to receive…
Read MoreKUALA LUMPUR (April 29): Property developer EcoFirst Consolidated Bhd (KL:ECOFIRS) swung to a net profit in the third quarter ended Feb 28, 2025 (3QFY2025), driven by stronger progress in its KL-48 project, which lifted revenue. The group reported a net profit of RM6.32 million for 3QFY2025, compared with a net loss of RM5.48 million in…
Read MoreMalton launches final phase of Bukit Jalil City with Park Green Pavilion serviced apartment This low-density, freehold project is directly connected to Pavilion Bukit Jalil Mall and is in proximity to the 80-acre Bukit Jalil Recreational Park. KUALA LUMPUR (April 29): Malton Bhd (KL:MALTON) has officially launched Park Green Pavilion Bukit Jalil, a high-rise serviced…
Read MoreBy Joseph Wong The Ministry of Housing and Local Government (KPKT) has pushed back its plans to table the Urban Renewal Act, a legislative move aimed at rejuvenating ageing urban developments across the country, to next year. The delay could prove beneficial, offering for the involved parties additional time to refine and strengthen the proposed…
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