Revamped MM2H programme to have ‘three tiers’
The Tourism, Arts and Culture Ministry has unveiled a revamped version of the Malaysia My Second Home (MM2H) programme which now has three tiers – silver, gold and platinum.
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High Court strikes out lawyer's KL-SG HSR suit as matter is non-justiciable, beyond court's purview
The High Court has struck out a civil suit by lawyer Mohd Hatta Sanuri against former prime ministers Tun Dr Mahathir Mohamad and Tan Sri Muhyiddin Yassin, the government of Malaysia and several others, over the cancellation of the Kuala Lumpur-Singapore high-speed rail (KL-SG HSR) project in 2021.
Analysts expect Scientex to benefit from robust property demand, but packaging segment remains soft in short term
Scientex Bhd’s results for the first quarter ended Oct 31, 2023 (1QFY2024) met the expectations of several research houses, prompting some analysts to adjust their target prices (TPs) for the stock.
MIDF Research upgrades EcoWorld to 'buy' on attractive share price upside
MIDF Research has upgraded Eco World Development Group Bhd (EcoWorld) to “buy” at RM1, with an unchanged target price of RM1.14, and said the developer’s core net income of RM272.9 million for the financial year ended Oct 31, 2023 (FY2023) came in above consensus full-year expectations at 107%, but within MIDF’s estimate at 102%.
Nga: Mandatory energy audit a push towards green building compliance
The government’s requirement for energy audits of all commercial buildings will drive the market towards greater compliance towards sustainability guidelines, said Local Government Development Minister Nga Kor Ming.
SkyWorld and Universiti Malaya collaborate to spur technological innovation in property development
SkyWorld Development Bhd is joining forces with Universiti Malaya to develop a transformative Application Programming Interface (API) set to revolutionise data integration ecosystem within the property development sector.
Scientex begins new financial year on a positive note, with 1Q net profit up 29% driven by property unit
Packaging manufacturer and property developer Scientex Bhd kick-started its new financial year on a positive note, with its net profit for the first financial quarter ended Oct 31, 2023 (1QFY2024) climbing 28.6% to RM137.84 million, from RM107.18 million a year earlier, driven by its property division.
EcoWorld Malaysia achieves RM3.6 billion sales with 20% increase in profit after tax for FY2023
Eco World Development Group Bhd announced its results for 4Q2023 today, with EcoWorld Malaysia achieving RM3.61 billion sales in FY2023, exceeding its sales target of RM3.5 billion.
KPJ’s plan to sell Aged Care biz Down Under expected to cut operating costs, alleviate cash flow — analysts
KPJ Healthcare Bhd’s plan to divest its loss-making Aged Care Business in Australia for A$700 million (equivalent to RM2.2 million) is being viewed positively by investment analysts, as the move is expected to cut operating costs and alleviate cash flow requirements for the country’s largest healthcare provider.
Al-‘Aqar to dispose of Australia Jeta Gardens Aged Care Facility for A$24mil cash
Johor Corp-linked Al-‘Aqar Healthcare REIT is disposing of its land and buildings of Jeta Gardens Aged Care Facility in Australia for AU$24.2 million (RM74.9 million) cash to Principal Healthcare Finance Pty Ltd.
