Scientex Bhd posted a 13.5% year-on-year growth in net profit for the second quarter ended Jan 31, 2023 (2QFY2023), driven by improving sales and steady construction progress in the group’s property development business.
Titijaya Land Bhd said its indirect wholly-owned subsidiary Renofajar Sdn Bhd has been served with winding-up petitions for failing to settle a judgment sum and failure to deliver vacant possession.
Landmarks Bhd, a 21.7% associate of Genting Bhd, said its wholly owned subsidiary has defaulted in its repayment on financing facilities totalling RM133.37 million.
Malaysia's total property transaction value hit RM179.07 billion in 2022, the highest-ever value recorded by the National Property Information Centre (Napic) since 2001.
Real estate developers are expected to face greater challenges this year with limited room to shift higher construction costs to customers whose purchasing power has been eroded by inflation and rising interest rates.
Datuk Seri Azalina Othman Said said the current unity government takes all Felda matters seriously, including the construction of homes for second and third generation Felda settlers, which have been abandoned.
RGM said despite the high base rate of 26.5% a year ago, this latest quarterly result met market expectation.
Its ex-date was March 27, and entitlement date was March 28.
"We are unable to confirm the timing at this juncture due to ongoing negotiations."
Azhar Harun was the Dewan Rakyat Speaker from 2020 to 2022, and retired after Datuk Johari Abdul was appointed as the new Dewan Rakyat Speaker for the current parliamentary term.
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