KUALA LUMPUR (Feb 27): Malaysia Building Society Bhd (MBSB) posted a 50% jump in fourth quarter net profit to RM301.15 million from RM200.73 million a year earlier, after recording a one-off gain of RM354 million from the acquisition of MIDF Group. Besides the gain on acquisition, the group’s net income for the quarter ended Dec…
Read MoreUEM Sunrise Bhd plans to launch property projects with a total gross development value of RM800 million in 2024. (UEM web pic) PETALING JAYA: UEM Sunrise Bhd posted a 5.97% drop in net profit to RM75.23 million for the financial year ended Dec 31, 2023 (FY2023) compared to RM80.54 million in FY2022. Revenue fell 9.12%…
Read MoreMah Sing Group’s higher revenue and operating profit were mainly driven by property sales and progressive revenue recognition from ongoing construction progress. (Facebook pic) PETALING JAYA: Mah Sing Group Bhd saw its net profit improve 20% to RM215.29 million in the financial year ended Dec 31, 2023 (FY2023) from RM180.05 million. In a filing with…
Read MoreKUALA LUMPUR (Feb 27): Coming off an impressive first financial quarter results, Berjaya Land Bhd (BLand) has gone into the red with a net loss of RM76.48 million for the second financial quarter ended Dec 31, 2024 (2QFY2024), against a net profit of RM84.39 million a year earlier, as the group was negatively impacted by…
Read MoreKUALA LUMPUR (Feb 26): Automotive electronic parts manufacturer MCE Holdings Bhd is disposing of a piece of freehold land in Setia Alam, Selangor for RM43.69 million cash. MCE’s unit Vantage Realm Sdn Bhd entered into a conditional sale and purchase agreement with Mega First Corp Bhd’s indirect wholly owned unit Grant Ascent Sdn Bhd for…
Read MoreKUALA LUMPUR (Feb 27): TuJu @ Duta North is set to be launched this Sunday (March 3), with 10 layout configuration choices for its homebuyers in Kuala Lumpur. Developed on a 4.52-acre site by Distinctive World Sdn Bhd, the project marks the maiden development by the joint venture between Distinctive Capital Sdn Bhd and Eccaz…
Read MoreKUALA LUMPUR (Feb 27): With no prior warning or consultation, the government’s decision to include almost all maintenance and repair (M&R) jobs under the service tax’s scope came as a shock and has left the public ill-prepared for it, according to a tax expert. Grant Thornton Indirect Tax & Transfer Pricing senior executive director Alan…
Read MoreKUALA LUMPUR (Feb 27): In a surprise move, the government has decided to expand the 6% service tax — which will be raised to 8% come March 1 — to include almost all types of maintenance and repair (M&R) jobs, while it provided exemptions for certain logistics services. According to a federal government gazette on…
Read MoreKUALA LUMPUR (Feb 27): The market-driven fare structure imposed on Express Rail Link Sdn Bhd (ERL) in its 30-year concession extension means that the government does not have to pay compensation if it does not approve fare increases, said deputy minister of transport Datuk Hasbi Habibollah. “ERL is allowed to impose market-driven fares which will…
Read MoreIn assessing the state of Malaysia’s housing market, focus on indicators that mirror the market’s vitality and trajectory. For potential homebuyers, understanding the market is key to balancing financial security, family needs, and investment goals for clear and confident decision-making. For sellers and investors, staying abreast of market trends is key to devising effective strategies….
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