News by M

LBS Bina Group Bhd's share acquisition of ML Global Bhd could see its earnings increase moderately by 5% to 6% beginning from the second or third quarter of financial year 2016 with the full consolidation of the latter's account, according to a research report.

Mah Sing Group Bhd sees the worst to be over for the Malaysian property market as various market indicators appear to have bottomed out with residential property transactions seen to be contracting at a slower pace, while growth in house prices moderates.

Gaining control of ML Global would help pave way for LBS Bina to spread its wing in infrastructure building.

Tropicana is selling the Dijaya Plaza office building to Kenanga Investment Bank Bhd for RM140 million cash, which will be used for working capital and/or to repay borrowings.

Flanked mainly by old shop houses, Jalan Ipoh is reminiscent of bygone days. As one of the oldest roads leading to Kuala Lumpur’s city centre, the area is fairly mature with limited empty land left.

Malaysia's construction segment is expected to grow between 8% and 10% in 2016 in terms of projects undertaken, driven by government infrastructure projects, said Works Minister Datuk Seri Fadillah Yusof.

The Sabah portion of the Pan Borneo Highway upgrading works have been made official by the signing of a project delivery partner (PDP) agreement by the federal and state governments and the PDP, which includes public-listed MMC Corp Bhd and Khazanah Nasional Bhd-owned UEM Group Bhd.

This week, the spotlight falls on the secondary market of non-landed residences along one of Kuala Lumpur’s oldest arterial roads, Jalan Ipoh. We examine the stretch of Jalan Ipoh beginning from the intersection with the Middle Ring Road 2 at the north, passing the neighbourhoods of Jinjang, Batu, and Segambut, to terminate at the intersection with Jalan Tun Razak in Sentul. In 2014, the southern half of Jalan Ipoh had been renamed Jalan Sultan Azlan Shah.

HCK Capital Group Bhd said its indirect 70%-owned unit HCK Premier Builders Sdn Bhd (HPBSB) has entered into a joint venture (JV) development agreement with Daya Builders Sdn Bhd for the development of apartment units in Kuching, Sarawak.

IPO will involve the issuance of up to 2.15 billion new shares of RM1 each.