25% of SMEs face closure risk amid new wave of Covid-19
SME Association of Malaysia vice-president Chin Chee Seong: Our unemployment rate, which is now close to 5%, is quite alarming to us. I do hope we all can get through this critical time.
Kerjaya Prospek Property buys land in Old Klang Road to complement existing project
In a filing with Bursa Malaysia, Kerjaya Prospek Property said the land will complement its existing Bloomsvale mixed development in Old Klang Road.
Inta Bina bags RM497m construction works from EcoWorld
According to a filing with Bursa Malaysia, Inta Bina's wholly-owned subsidiary Inta Bina Sdn Bhd accepted the letters of award today. The main building works consist of the design and build for property developments in Kuala Langat and Shah Alam by Eco Sanctuary Sdn Bhd and Eco Ardence Sdn Bhd, respectively.
EcoWorld records RM1.25b property sales in four months
Eco World Development Group Bhd (EcoWorld), which posted a net profit of RM13.8 million in the third financial quarter ended July 31, 2020 (3QFY20), has secured total sales of RM1.25 billion in the four months after Movement Control Order (MCO).
Eco World International reports maiden revenue from Australia
Eco World International Bhd reported a net profit of RM37.63 million in the third quarter ended July 31, 2020 (3QFY20) amid sharply higher revenue of RM615.44 million compared with RM224,000 a year ago.
Genting Malaysia says full extent of Covid-19 impact remains uncertain
In its latest corporate presentation in September 2020, Genting Malaysia said it will focus on business efficiency to align its cost structure with the new operating environment.
MGB bags RM122m construction contract in Sepang
The contract entails the construction of a 22-storey serviced apartment block containing 812 units, along with an eight-storey building that comprises a car park podium and facilities. It will also build a guardhouse and refuse chamber.
IOI Properties reports lower 4Q net profit despite revenue increase, pays lower dividend
IOI Properties said the property development segment recorded revenue and operating profit of RM544.6 million and RM314.9 million, up 53% and 193% respectively compared with 4QFY19.
Parkson posts bigger loss in 2Q, maintains positive outlook on Chinese market
The group said it maintains a positive outlook on the retail industry in China. With the effective control of the pandemic and the implementation of various measures to stimulate consumer spending, China's retail market has recovered gradually with consumer consumption picking up steadily.
Genting declares dividend despite sharp 2Q losses
For the first half FY20, Genting posted a cumulative net loss of RM918.37 million against a net profit of RM1.16 billion a year ago.
