Noteworthy:
When: May 2024
Gamuda Bhd’s (KL:GAMUDA) net profit rose 5.56% to RM235.8 million for the third quarter ended April 30, 2024 (3QFY2024), from RM223.37 million in the previous year’s corresponding quarter, as it registered higher contribution from overseas projects.
IOI Properties Group Bhd (KL:IOIPG) has received a proposal from its group chief executive officer cum major shareholder Lee Yeow Seng to participate in the development of Shenton House, a commercial property located in Singapore that his private vehicle has successfully tendered for, for S$538 million (RM1.9 billion).
Alliance Islamic Bank Bhd and AmInvestment Bank Bhd are the joint principal advisers, joint lead arrangers and joint lead managers for the sukuk programme.
Several stages need to be completed before a final decision can be made, Alexander said.
The new division will be headed by Haroon Anwar, who brings over 30 years of experience in international finance, investments, banking and leadership roles.
The number of tourists was also about 8% lower than the average in the same quarter before the Covid-19 pandemic, it noted.
The firm, in a recent report, discussed the implications of AI proliferation for sectors such as telecommunications, real estate, power producers, tech manufacturing and construction.
The prominent real estate agency said its inaugural property expo promises to be a landmark event for consumers and industry professionals alike.
CGS International said Econpile’s order book as at March amounted to RM400 million.
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