KUALA LUMPUR (Sept 25): Analysts have maintained their positive stance on Scientex Bhd (KL:SCIENTX) after the group’s core earnings came mostly within expectations for the financial year ended July 31, 2024 (FY2024). Scientex’s FY2024 core profit after tax and minority interest of RM535.7 million was in line with BIMB Securities’ forecast at 100.1% and market…
Read MoreBudget 2025 may see higher allocation for transport infrastructure despite tight finances — RHB IB The proportion of development expenditure to the transportation sub-sector under Budget 2025 could be “reasonably higher” than the 21.3% budgeted for this year, RHB IB said in its budget preview note. The government is also likely to give updates to…
Read MoreKUALA LUMPUR (Sept 24): Pesona Metro Holdings Bhd (KL:PESONA) has bagged a contract worth RM321.09 million to undertake the superstructure works of three blocks of condominiums in Jalan Bukit Kiara, Kuala Lumpur. The construction and trading group said the contract was awarded by the project developer, Sime Darby Property (Golfhome) Sdn Bhd, which is wholly…
Read MoreKUALA LUMPUR (Sept 24): Ecobuilt Holdings Bhd (KL:ECOHLDS) said the Court of Appeal has set aside one winding-up petition filed against the company by Strong Force (M) Sdn Bhd. The decision, confirmed via a sealed order by the appellate court dated Sept 11, follows a consent judgment in the court on the same date for…
Read MoreKUALA LUMPUR (Sept 24): The subsidence on Jalan Sultan Ismail in the federal capital, as shown in a viral video, was caused by a burst underground pipe that occurred early Monday morning, according to the Kuala Lumpur Fire and Rescue Department (JBPM). Its Operations commander Senior Fire Officer 1 Mohd Rozihafizam Othman said the department…
Read MoreBy Datuk Chang Kim Loong THE Minister of Housing and Local Government (KPKT) wants to proceed with the proposed Urban Redevelopment Act (URA), reasoning that redevelopment, rejuvenation or renewal of real estate within cities is necessary. KPKT proposes a 75% consent threshold for en-bloc sale for urban redevelopment, aligning with international standards like in Singapore….
Read MoreAn artist’s impression of Serasi Residences. PETALING JAYA: Sime Darby Property Bhd has topped out Serasi Residences, reaching the milestone of structural completion with the full completion targeted in February 2027. Comprising 1,428 units in three blocks, the freehold serviced apartment is a transit-oriented development (TOD), situated 400m from the Putra Heights LRT Station. With…
Read More“The framework provides transparency and disclosures in terms of the relevant governing and decision-making processes employed by TNB in undertaking SFTs taking into consideration relevant environmental and social risk management in accordance with available best market practices in support of TNB’s overall sustainability strategy and Energy Transition Plan, thereby promoting overall credibility of such transactions…
Read MoreMDEC to launch digital city initiative to drive technological adoption and boost smart city agenda “They can also be an innovation hub to attract researchers and entrepreneurs, leading to the development of new technologies, products and services, thus driving economic growth,” said Ng. KUALA LUMPUR (Sept 24): The Malaysian Digital Economy Corporation (MDEC) will…
Read MoreKUALA LUMPUR (Sept 24): Trading in Ecobuilt Holdings Bhd (KL:ECOHLDS) shares on Bursa Malaysia will resume at 9am on Wednesday (Sept 25), following a Court of Appeal ruling in favour of the construction firm regarding a winding-up petition. The shares have been suspended from trading since Aug 9 due to the now-set-aside winding-up petition filed…
Read More
