Weaker ringgit may impact Sime Darby Property’s profit margins, says MD
Datuk Azmir Merican: The exchange rate does give us a bit of an impact all the time, because of the price of raw materials [which will be] impacted [by] the exchange rates.
Eco World International to focus on clearing RM850m inventory
The company completed its Australian projects but still has a “significant” presence in the UK, it noted.
Companies moving to Tun Razak Exchange to enjoy incentives, says PM
Prime Minister Datuk Seri Anwar Ibrahim said the incentives include an industrial building allowance, a tax exemption for 70% of the statutory income for five years for property developers, and a stamp duty exemption for loan and service agreements.
Sime Darby Property’s 4Q net profit rises 27%, unbilled sales of RM3.6b provide three-year earnings visibility
The property developer declared a second interim dividend of 1.
Pintaras Jaya bags piling contracts worth RM170mil in Singapore
Pintaras Jaya said some of the projects have already commenced work or will commence in March 2024 with contract periods ranging from three to 15 months.
Ekovest sells land in KL for RM67mil in related party transaction
Ekovest plans to use the proceeds arising from the disposal to reduce its debts and for working capital purposes.
Strong MCement, YTL Power performance lift YTL Corp 2Q profit six-fold to RM589 mil
Aside from YTL Power and MCement, YTL Corp has exposure to the hotels segment through YTL Hospitality REIT, where it holds a 55% direct and a 3.
E&O in talks with banks to raise RM1.5 bil for Andaman Island project
Earlier this year, the group raised RM255.
Radium Development records profit before tax of RM15.77 mil for 4QFYE2023
Radium Development also maintained a gross gearing ratio of 0.
Easy guide to filing rental income tax in Malaysia
Do you know that the income you receive from leasing out your properties is also taxable? Many mistakenly think that rental income is tax-free, consequently incurring penalties for under-reporting.
