Matrix Concepts 2Q net profit gains over 5% on disposal gain, pays 2.75 sen dividend The Bandar Sri Sendayan township developer said its profit margin was 21.30%, up from 17.60% in the prior year. KUALA LUMPUR (Nov 26): Property developer Matrix Concepts Holdings Bhd (KL:MATRIX) said on Tuesday its second-quarter net profit grew 5.29% from…
Read MoreKUALA LUMPUR (Nov 26): The government has allocated RM16.81 million for the phased upgrade of all 11 Kuala Lumpur Monorail stations to enhance the safety and comfort of passengers. Transport Minister Anthony Loke Siew Fook said the allocation for Prasarana Malaysia Bhd includes RM6.81 million to install automatic platform gates (APGs) at all stations, along…
Read MoreThe investment will reinforce JRL’s capital position to support its £1.7 billion (RM9.5 billion) order book and strategic pipeline of high-value contracts in the coming years, UK industry news site Construction Site reported, citing a statement from JRL. KUALA LUMPUR (Nov 25): IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based…
Read MoreKUALA LUMPUR (Nov 23): The government has increased the rooftop solar capacity by another 300MW for the commercial and industrial segment, and by 50MW for households. These additional quotas under the Net Energy Metering 3.0 (NEM 3.0) were added this month, according to guidelines published by the Energy Commission. (pictured) The latest 50MW quota for…
Read MoreVizione Builder had, on Oct 8, served a default notice to Inspirasi Langkawi on Oct 8 over the partial or non-payment of its works, and warned that it would suspend work or quit the job if the outstanding sum was not settled. KUALA LUMPUR (NOV 22): Vizione Holdings Bhd (KL:VIZIONE) said its unit has served…
Read MorePhase one of KL Wellness City mixed-use development in Bukit Jalil is 40% completed Launched in May this year, phase one of KL Wellness City comprises KL International Tertiary Hospital (KLIH) and The Nobel Healthcare Park. Overall, phase one has a gross development value of RM900 million. KUALA LUMPUR (Nov 25): The first phase of…
Read MoreAccording to Radium, the land is within a transit-oriented development (TOD) zone “offering direct connectivity to the MRT Taman Pertama station (merely 100 meters away)” which “positions Radium to capitalise on the growing demand for integrated, well-connected urban developments”. KUALA LUMPUR (Nov 25): Radium Development Bhd, through its indirect wholly-owned subsidiary Radium J Velodrome Sdn…
Read MoreKUALA LUMPUR (Nov 25): KLCCP Stapled Group (KL:KLCC) said its third-quarter net profit rose 11.44% year-on-year, driven by strong performances across its business segments, particularly the retail and hotel division. Net profit for the quarter ended Sept 30, 2024 (3QFY2024) increased to RM206.53 million from RM185.34 million, with earnings per share rising to 11.44 sen…
Read MoreKUALA LUMPUR (Nov 22): Property developer SkyWorld Development Bhd (KL:SKYWLD), which made its Main Market debut in July last year, said it is on target to launch developments with an estimated gross development value of RM4.6 billion by 2026, having achieved RM1.1 billion worth of launches so far. “The cumulative GDV for our pipeline of…
Read MoreMBAM president Oliver HC Wee said in a press statement on Nov 15 that many building inspectors have “misinterpreted or even misused the guidebook” and have ill-advised homeowners on their property defects. KUALA LUMPUR (Nov 22): Master Builders Association Malaysia (MBAM) supports the Construction Industry Development Board (CIDB) Malaysia’s decision to retract its quality guidebook…
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