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Business

World Bank 'financialising' development

KUALA LUMPUR and SYDNEY: The World Bank has successfully legitimised the notion that private finance is the solution to pressing development and welfare concerns, including achieving the Sustainable Development Goals (SDGs) through Agenda 2030.

Business

OSK succeeds in taking private PJ Development

PETALING JAYA: OSK Holdings Bhd’s long drawn-out effort to take private property developer PJ Development Bhd is finally bearing fruit with the latter filing to suspend trading of its shares from tomorrow.

Business

DBE to venture into property development

PETALING JAYA: Integrated poultry company DBE Gurney Resources Bhd is planning to go into property development as the loss-making company seeks to return to profitability.

Business

Samalaju Property Development plans Malaysia’s first certified green township

KUCHING: Samalaju Property Development Sdn Bhd is spearheading Sarawak’s first green township development to cater largely to an anticipated sizeable population of expatriates and workers in the energy-intensive industries in Samalaju Industrial Park, Bintulu.

Banking

Enhancing the role of development financial institutions

PETALING JAYA: Institutionalising the new enhanced performance measurement framework for development financial institutions (DFIs) and ensuring its effective implementation will continue to be a key priority for DFIs and a focus of Bank Negara’s regulatory and supervisory activities.

Business

UOA Development revenue rises to RM262mil

PETALNG JAYA: UOA Development Bhd’s revenue rose while profits fell slightly on the back of a strong and progressive recognition from its development profits.

Business

Property development to play significant role for Salcon

KUALA LUMPUR: Salcon Bhd expects its property development business to overtake its water and wastewater services business in a year or two.

Business

UOA Development Q1 earnings surge 191% to RM120mil

KUALA LUMPUR: UOA Development Bhd's earnings jumped 191% to RM119.14mil in the first quarter ended March 31, 2013 from RM40.94 due to recognition from its property sales and its strong ongoing development projects.

Business

RM5bil GDV mega mall expected to spur development of i-City

PETALING JAYA: The joint venture between property developer I-Bhd with CPN Global Company Ltd to build a 1.5 million sq ft mall in I-Bhd's flagship development i-City is expected to accelerate the development of the remaining land at i-City.

Business

UOA Development Q4 revenue doubles, earnings improve 24% to RM88.6mil

PETALING JAYA: Property developer UOA Development Bhd saw its earnings for the fourth quarter ended Dec 31, 2013, rise 24% year-on-year to RM88.6mil from RM71.4mil, as revenue doubled to RM352mil from RM171.3mil.