KUALA LUMPUR (March 21): Construction firm MGB Bhd has secured a contract worth RM207.03 million to undertake a two-phase property development project in Sepang, Selangor. MGB accepted the project via its wholly owned MGB Construction & Engineering Sdn Bhd, which had accepted the letter of award from Anuar Aziz Architect on behalf of Astana Modal…
Read MoreKUALA LUMPUR (March 20): EcoWorld International (EWI) recorded profit before tax of RM1.5 million in 1Q2024 compared to loss before tax of RM30.4 million in 1Q 2023. EWI stated in a statement that this was due to foreign exchange gains from appreciation of British Pound (GBP) against Ringgit Malaysia (RM) on repayment of advances by…
Read MoreKUALA LUMPUR (March 21): Radium Development Bhd announced the declaration of a first single-tier interim dividend of one sen per ordinary share for the financial year ending on Dec 31, 2024. Radium stated in a media release that this reflected “the company’s robust revenue growth and unwavering commitment to delivering value to its shareholders”. The…
Read MoreKUALA LUMPUR (March 21): IJM Land Bhd has unveiled the first phase of landed hilltop residential development called Ridge View @ Puchong, according to a statement on Wednesday (March 20). The first phase will have a gross development value of RM52 million and consists of a total of 35 double-storey linked villas. There are three…
Read MoreKUALA LUMPUR (March 20): Kelington Group Bhd’s unit has inked a land lease agreement with the Terengganu State Economic Development Corporation in a move to support the group’s expansion in the liquid carbon dioxide (LCO2) manufacturing segment. Kelington, through its 90.71% owned subsidiary Ace Gases Sdn Bhd, signed the agreement on Wednesday to lease a…
Read MoreBy Datuk Chang Kim Loong OVER the years, the Malaysian government has put in place several policies to help citizens acquire a roof over their heads. Among them is the Bumiputera Housing Policy, which was introduced as part of the New Economic Policy in 1970 to reduce the income disparity between bumiputeras and non-bumiputeras. In…
Read MoreThe three-year aerotrain replacement project came with two deadlines originally, the first being July 2024 for the first of the two aerotrains to be operational, followed by the second one in March 2025 for full completion, with both aerotrain services spanning about 1.5km. SEPANG (March 19): The Ministry of Transport (MOT) has urged Malaysia Airports…
Read MoreKUALA LUMPUR (March 19): NCT Alliance Bhd is collaborating with Hard Rock International to set up Asia Pacific’s highest altitude Hard Rock Cafe, located on the highest floor of NCT Alliance’s Grand Ion Majestic development arm, Wyndham Ion Majestic Hotel in Genting Highlands. In a statement on Tuesday, the developer said that with a total gross…
Read MoreKUALA LUMPUR (March 19): Developer YNH Property Bhd, which recently made headlines over several delayed disclosures of its business operations, has appointed Messrs Morison LC Malaysia as its new external auditor. Morison LC Malaysia has been appointed for the financial period ending June 30, 2024, and will hold office until the conclusion of the next…
Read MoreKUALA LUMPUR (March 19): The Public Accounts Committee (PAC) attributed the loss of RM3.19 million in land lease revenue from St Regis Langkawi Hotel to Langkawi Development Authority’s (Lada) failure to conclude the land lease agreement with the operator of the property. In a statement, PAC chairman Datuk Mas Ermieyati Samsudin (pictured) revealed that following…
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