UEM Sunrise’s land sale to improve net gearing
Its net gearing is expected to improve to 0.42 times from 0.47 times as at 2QFY17.
Former JCorp CEO Muhammad Ali passes away at 70
Muhammad Ali was recognised as an outstanding Malaysian corporate entrepreneur after a successful 28-year career as CEO of JCorp from 1982 till 2010.
Lebtech unit slapped with winding-up petition over RM1m unpaid taxes
Management has made partial payment amounting to RM350,000 since June 15, leaving a balance of RM651,010.
George Kent partners Siemens for KL-S'pore High Speed Rail tender
George Kent said it had entered into a pre-consortium agreement with Siemens on Oct 6.
Al-Salam REIT to acquire Mydin in Terengganu for RM155m
The double-storey hypermarket, with 796 parking bays, is located at the northern development corridor of Kuala Terengganu, near the exit off the East Coast Highway 2.
Gamuda posts record-high quarterly revenue
Gamuda Bhd has reported a record-high revenue of RM1.01 billion for its fourth quarter ended July 31, 2017.
Damansara Realty bags RM5m contract renewals from TM
Renewal of five contracts from Telekom Malaysia Bhd for integrated facilities management services.
Sime Darby makes record RM684 mil impairment to give pure plays a clean start
Sime Darby president and group chief executive Tan Sri Mohd Bakke Salleh said the amount was the largest impairment the group has booked, to date.
Sime Darby 4Q net profit slumps 53.4% to RM571 mil on impairments
Against a backdrop of soft property market conditions, its property division made a RM70 million provision for inventories in 4QFY17.
Lee Kim Yew settles tax liabilities of Country Heights
The settlement was made with Lee’s fixed deposits seized by the IRB.
