News by Emir Zainul

The interest cost was recorded at RM38.8 million compared with RM34.7 million previously. 

Quarterly revenue, however, was only marginally down by 0.28% at RM1.687 billion, compared with RM1.692 billion in 2QFY2023.

The land, measuring approximately 13,263.38 sq m, was purchased by MCE in 2014 from Bandar Setia Alam Sdn Bhd.

Pintaras Jaya Bhd has been awarded eight piling contracts in Singapore worth a total of RM170 million since August 2023.

The leases of both parcels of land are expiring on Jan 23, 2096.

Chong, 35, was appointed as executive director of the company on Sept 7, 2022 and was subsequently redesignated as joint managing director on Nov 21, 2022.

Penang Development Corp (PDC) has called for a request for proposal (RFP) from experienced companies to co-develop the Batu Kawan Industrial Park 2 (BKIP2), following the termination of the controversial joint development agreement (JDA) with Umech Land Sdn Bhd in October last year.

Ireka Corp Bhd said RHB Bank Bhd has filed a lawsuit against the company, claiming RM6.53 million over an alleged default in a revolving credit facility.

KLCCP Stapled Group’s net profit rose 37.6% to RM384.59 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM279.47 million a year ago, primarily contributed by improvement in the hotel and retail segments, while the office segment remained stable.

YTL Hospitality REIT (YTL REIT) is acquiring Syeun Hotel in Ipoh, Perak, for RM55 million cash, as it looks to continuously acquire and invest in high-quality hospitality properties in Malaysia and internationally, with a view to providing long-term and sustainable income distribution to unitholders and achieving long-term growth in net asset value per unit.