We must post profits in FY22, says Bina Darulaman CEO
After returning to the black in the second quarter ended June 30, 2022 (2QFY22), Bina Darulaman Bhd (BDB) said that it is a must for the group to post a profit for the full financial year.
Bina Darulaman mulls foray into agriculture, renewable energy and telco sectors
Kedah-based property developer Bina Darulaman Bhd (BDB) is planning to potentially diversify into the agriculture, renewable energy and telecommunications (telco) sectors to capitalise on the respective sectors’ resilience.
Cagamas inks agreement with ADB to expand green mortgage market
National mortgage corporation Cagamas Bhd has entered into an agreement with the Asian Development Bank (ADB) towards expanding the green mortgage market to include B40, M40 and female-headed households.
KSL to buy 54 acres of land in Johor from Tropicana for RM103m
KSL said the plot will be used for a residential development project to further enhance its presence in the property market in Johor.
Parkson's unit to offload commercial properties in China for RM182 mil
Parkson Holdings Bhd's 54.97%-owned subsidiary, Parkson Retail Group Ltd (PRG), is to sell commercial properties with an aggregate construction area of 76,013 square metres in Qingdao, China for 280 million yuan (RM182 million).
Trive Property aborts talks to build SPNB project worth RM1.1b
Trive Property Group Bhd announced that it has cut off talks with Syarikat Perumahan Negara Bhd (SPNB) in relation to being a turnkey contractor for an affordable housing project amounting to RM1.1 billion in gross development value (GDV).
Iskandar Waterfront City appoints Crowe Malaysia as new external auditor
Iskandar Waterfront City Bhd (IWCity) has appointed Messrs Crowe Malaysia PLT as its new external auditor.
Lagenda and Selangor govt to jointly develop large-scale affordable township
Lagenda Properties Bhd has joined hands with the Selangor government to develop the first large-scale landed affordable township within the state known as Bernam Jaya.
MRCB returns to the black in 2Q with RM14.1 mil net profit as operations normalise
Malaysian Resources Corp Bhd (MRCB) swung back to the black in the second quarter ended June 30, 2022 (2QFY22) with a net profit of RM14.1 million compared with a net loss of RM32.42 million a year earlier, hoisted by the normalisation of its operations, which resulted in increased revenue and profit recognition from construction progress.
Mah Sing's 2Q profit strengthens on achieving highest quarterly, half-year sales since 2017
Leong said the group's performance was boosted by the local economy's recovery momentum following the reopening of the country's borders.
