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LBS Bina Q4 profit up, sales exceed full year target
KUALA LUMPUR: LBS Bina Group Bhd recorded a 24.6% year-on-year (y-o-y) increase in profit after tax and minority interest (PATAMI) to RM18.4mil for the fourth quarter ended Dec 31, 2020.
FT Ministry to build 12,253 affordable homes in Putrajaya
THE Federation Territories Ministry, with collaboration with Putrajaya Corporation (PjC), will build a total of 12,253 units of affordable housing under the Residensi Prihatin initiative.
Rumah Idaman-related projects likely to boost MGB's earnings
PETALING JAYA: Stronger earnings led by more property launches and a ready construction order book is likely for MGB Bhd going forward.
Young designers prove their mettle
TWO university students were crowned gold award winners at the Asia Young Designer Awards (AYDA) 2020 for their “human-centred designs”. Dayana Aripin from Universiti Sains Malaysia and Lim Yee Fah from Taylor’s University took first place in the architecture and interior design categories, respectively, in the recent competition organised by Nippon Paint Malaysia in collaboration with IJM Land Berhad.
US new-home sales rise in December for the first time since July
NEW YORK: US new-home sales rose in December for the first time in five months, capping the best year since 2006 and signaling that record-low mortgage rates continue to drive demand for a sector that’s been a bright spot in the economy.
Insight - Production bottlenecks can dampen recovery
PRODUCTION bottlenecks as in shortage of containers and labour as well as restriction of movement in the current fight against Covid-19, can affect economic recovery.
Amazon launches over 2 bln USD Housing Equity Fund
SAN FRANCISCO, Jan. 6 (Xinhua) -- Amazon on Wednesday announced the Housing Equity Fund, a more than 2 billion U.S. dollars commitment to preserve and create over 20,000 affordable housing units in the U.S. state of Washington's Puget Sound region; Arlington, Virginia; and Nashville, Tennessee.
Insight - Asian companies hope for better prospects
AFTER a tumultuous 2020, a better outlook awaits Asian companies, on expectation of a recovery in the macro economy and corporate earnings.
