Business

Maiden project: (from left) Lim, Ho Chin Soon Research Sdn Bhd director Ho Chin Soon, MCT Consortium executive director Datuk Soo Kai Chee at the launch.

MCT Consortium: IPO to help fund land acquisitions

KUALA LUMPUR: Property developer MCT Consortium Bhd, en route to a listing on Bursa Malaysia on April 6, intends to use proceeds from its initial public offering (IPO) to help pay for new land acquisitions.

Press Conference by SP Setia after its 40th AGM.SP Setia’s acting president and chief executive officer Datuk Khor Chap Jen

SP Setia expects sales to pick up in second half

SHAH ALAM: SP Setia Bhd, a property developer controlled by Permodalan Nasional Bhd, expects sales to pick up in the second half of the year after a sluggish start.

Malaysia Airlines to renegotiate 4,000 contracts

KUALA LUMPUR: Newly-formed Malaysia Airlines Bhd (MAB) has identified 4,000 contracts for renegotiations under its recovery plan.

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Naza proposes to finance up to 90% of LRT 3

PETALING JAYA: The Naza Group, which is jointly bidding for the role of project delivery partner (PDP) for the development of the RM9bil light rail transit line three (LRT 3) with China-based CSR Zhuzhou Electric Locomotive Co Ltd, has proposed to finance up to 90% of the project.

27 March 2015 | 12:00AM |

Naza

Eco World Investment to launch UK projects

KUALA LUMPUR: Eco World Investment Co Ltd (EWI), a private vehicle controlled by Tan Sri Liew Kee Sin, is gearing up to launch half of its property projects in the UK by the end of this year.

27 March 2015 | 12:00AM |

Eco WOrld

AirAsia X positive of turnaround

SEPANG: Long-haul low-cost carrier AirAsia X Bhd is optimistic of making a turnaround this year with the implementation of a capacity management and restructuring exercise.

27 March 2015 | 4:39PM |

Airlines

Retail slowdown seen

THIS year could see a slowdown in the retail sector, especially for the consumer discretionary space in view of the impending implementation of the goods and services tax (GST).

28 March 2015 | 12:00AM |

Retail

Testing corporate resilience

Malaysian corporates have generally reduced their gearing levels in the last four years, putting themselves in a better position to weather any economic shocks.

28 March 2015 | 12:00AM |

stress

Sentoria has received good response to its Bukit Gambang Resort City, which is one of the biggest safari parks in the country.

Busy years ahead for Sentoria

KUANTAN: Theme park operator-cum-property developer Sentoria Group Bhd is set to see busy years ahead with its Borneo Samariang Resort City and Sentoria Morib Resort City projects, which are expected to be launched during its 2015 financial year.

27 March 2015 | 12:00AM |

sentoria

Testing corporate resilience

Malaysian corporates have generally reduced their gearing levels in the last four years, putting themselves in a better position to weather any economic shocks.

28 March 2015 | 12:00AM |

stress

SILK Holdings’ highway division recorded an average daily traffic volume of over 213,000 vehicles during the first quarter.

SILK Holdings narrows second-quarter net loss

Petaling Jaya: Highway concession holder SILK Holdings Bhd posted a lower net loss of RM4.7mil for its second quarter ended Jan 31, 2015, compared with RM7.3mil a year earlier on the back of higher revenue.

28 March 2015 | 12:00AM |

SILK Holdings

BCorp launches takeover of REDtone

Petaling Jaya: Berjaya Corp Bhd has launched a takeover of REDtone International Bhd and is offering 80 sen a share, which could be seen as too low.

28 March 2015 | 12:00AM |

REDTone

Chua: JV parties to submit separate returns under GST

PUTRAJAYA: Landowners and property developers, who form joint ventures (JV) to develop land and sell the units, would need to register and submit separate returns under the goods and services tax (GST), said Deputy Finance Minister Datuk Chua Tee Yong (pic).

28 March 2015 | 12:00AM |

GST

Faber to disclose hospital service job value after April 1

PETALING JAYA: Faber Group Bhd will disclose the contract value of the hospital support services (HSS) after April 1 and after it gets the Government’s approval to do so. The 10-year HSS contract takes effect next month, it managing director said.

28 March 2015 | 12:00AM |

Faber

Simplifying the concept of GST?

GOT a WhatsApp message from my friend today saying that he heard my name mentioned over the morning run show of a business radio station.

28 March 2015 | 12:00AM |

GST

Two major changes on entry conditions for MMA 2015

THE Malaysian Media Awards (MMA) 2015 will incorporate two major changes to its conditions of entry in an effort to challenge and push industry boundaries, according to MMA chairman Bala Pomaleh.

28 March 2015 | 12:00AM |

MMA

Retail slowdown seen

THIS year could see a slowdown in the retail sector, especially for the consumer discretionary space in view of the impending implementation of the goods and services tax (GST).

28 March 2015 | 12:00AM |

Retail

Mulpha Land on the cusp of change

MULPHA Land Bhd, a property company that had been off investors’ radar for a very long time, has suddenly come to life, with its shares surging by some 35% over the past one week.

28 March 2015 | 12:00AM |

Mulpha Land

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