The jump in net profit is attributed to improved contributions from its local tolls and port concessions, with its investment in a toll concession in Argentina also boosting the division.
Defence counsel Harvinderjit Singh, during his cross-examination of former KWAP chief executive officer Datuk Azian Mohd Noh, suggested that none of the personnel in the civil servants' retirement fund were pressured to approve the first RM2 billion loan to SRC.
In a stock exchange filing, ARB said its indirect wholly-owned unit Arbiot Sdn Bhd and IJV Ventures Sdn Bhd have inked a business contract to carry out the project.
The property developer attributed the improved earnings to better performance across all three segments, namely property development, property investment, and leisure and hospitality segments.
In a filing with Bursa Malaysia yesterday, JAKS said the next case management at the High Court here is fixed on June 17.
The Transport Ministry has allowed the company to appeal against the government's earlier decision to scrap the development.
“Any intervention is limited to ensuring an orderly market and avoiding excessive volatility of the exchange rate that may affect macroeconomic stability."
"We do see the Malaysian property market in the major urban centres getting fairly mature. So rightly said, the next step is to really look at potentially going out of the country… I think we are ready to go."
“He was very upset, and I apologised to him."
On its prospects, UOA said the total new property sales for the period ended March 31 was approximately RM171.23 million.
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