News by M

The Ministry of Housing and Local Government (KPKT) is committed to improving the well-being of Malaysians, having successfully built and refurbished 5,000 homes in just two years, since 2023.

The Public Accounts Committee (PAC) has recommended that the Rural and Regional Development Ministry (KKDW), Majlis Amanah Rakyat (MARA), MARA Corporation Sdn. Bhd. (MARA Corp) and MARA Inc align all investment proposals, especially high-value property acquisitions, with government policies and prioritise domestic investments.

Sunsuria Berhad announced yesterday its revenue and pre-tax profit (PBT) of RM627.78 million and RM79.34 million for the 12-month period ended Sept 30, 2024 (12MFY2024).

NCT Alliance Bhd (KL:NCT) saw its net profit for the third quarter ended Sept 30, 2024 (3QFY2024) fall 35.6% to RM6.52 million from RM10.12 million a year ago.

Kerjaya Prospek Property Bhd (KL:KPPROP) expects minimal impact from the hike in the minimum wage to RM1,700 from RM1,500, as announced by the government in Budget 2025.

Property developer Matrix Concepts Holdings Bhd (KL:MATRIX) has proposed a bonus issue of 625.67 million shares on the basis of one new share for every two shares held.

The rent-to-own (RTO) scheme will be extended to the upcoming Residensi Rakyat Programme (PRR), set to launch next year, Housing and Local Government Minister Nga Kor Ming announced.

The net profit of YTL Corp Bhd (KL:YTL) fell by more than a third in the first quarter of its financial year, as contributions from its utilities business, represented by its 55.57% stake in YTL Power International Bhd (KL:YTLPOWR) declined.

WCT Bhd recorded a net profit of RM173.22 million for the third quarter ended Sept 30, 2024 (3QFY2024), compared with a net loss of RM13.54 million a year earlier, thanks to the remeasurement of interest in a jointly controlled entity amounting to RM184 million.

Kuala Lumpur Kepong Bhd (KL:KLK) reported a record low net profit for its fourth quarter, dragged by non-cash losses and an inventory write-down related to its investment in UK-listed speciality chemicals company, Synthomer Plc.