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Eastern & Oriental Bhd’s (E&O) financial year 2017 (FY17) results were a positive surprise. Its reported net profit of RM87.7mil for FY17 was 70% above the consensus forecast of RM51.7mil and 54% above AffinHwang’s estimate of RM57mil.
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) does not expect its Merdeka PNB118 mega tower to create an office space glut in the KL city centre, given sufficient demand once it is completed.
KUALA LUMPUR: Bank Negara Malaysia (BNM) swooped on five premises in three states on Aug 17 for suspected money laundering while relevant documents, cash and foreign currencies were seized.
KUALA LUMPUR: Mitrajaya Holdings Bhd has clinched a RM333.55mil contract to construct an academic building and car park for a higher learning institution in Kuala Lumpur.
PETALING JAYA: The government may be paying compensation of between RM300mil and RM400mil to acquire Ampang Park mall from strata shoplot owners in order to proceed with the second mass rapid transit (MRT) line, according to sources
PUTRAJAYA: Township developer IOI Properties Group Bhd aims to launch a total of about 900 units of townhouses in Bandar Puteri Bangi and Warisan Puteri in Sepang with an indicative price of about RM450,000 in the last quarter of this year or the first quarter of 2018.
Landlords are seeing a flight to quality as multinational companies (MNCs) and local corporations take advantage of the availability of better grade office space at competitive rates and attractive tenancy terms, said Knight Frank Malaysia executive director (corporate services) Teh Young Khean.