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Big drop in BLand Q1 net profit due to slower hotel, recreation and MICE businesses

PETALING JAYA: Berjaya Land Bhd (BLand) posted a huge year-on-year dip in net profit to RM1.88mil for its first quarter ended July 31 from RM44.5mil in the corresponding quarter last year.

Boustead Plantations to gain RM527mil from land sale

PETALING JAYA: Boustead Plantations Bhd (BPB) expects to realise an estimated gain of RM527.3mil from selling 677.78ha of freehold land in North Seberang Prai to SP Setia Bhd’s unit, Setia Recreation Sdn Bhd, for RM620.1mil cash.

Boustead Plantations to gain RM527mil from land sale to SP Setia

KUALA LUMPUR: Boustead Plantations Bhd (BPB) expects to realise an estimated gain of RM527.3mil from the sale of its 677.78ha freehold land in North Seberang Prai to SP Setia Bhd’s unit Setia Recreation Sdn Bhd for RM620.1mil cash.

New York plans US$3bil transformation of waterfront

NEW YORK: New York City's first waterfront plan in two decades envisions a metropolis where residents flock to the waterways for recreation.

Project designer aims to raise the quality of life of KL folk

THE Gardens at Mid Valley City aims to lift the quality of life of Kuala Lumpur folk through its well-designed and integrated living, working, shopping and recreation spaces.

SP Setia acquires entire stake in unit

PETALING JAYA: SP Setia Bhd has acquired the entire equity interest in Setia Recreation Sdn Bhd from its indirect wholly-owned subsidiary Lagavest Sdn Bhd for RM2.

Consumer price index up 3.3% in August

PETALING JAYA: The consumer price index (CPI) accelerated by 3.3% year-on-year in August, on higher prices for miscellaneous goods and services, recreation services and culture as well as housing, water, electricity, gas and other fuels.

Sentoria buys 150 acres in Morib for RM20.25m, plans theme park

KUALA LUMPUR: Sentoria Group Bhd is buying 150 acres of land in Morib, Selangor from Seriemas Development Sdn Bhd for RM20.25mil for a proposed theme park and recreation project.

S P Setia issues RM434m sukuk

KUALA LUMPUR: S P Setia Bhd's wholly-owned subsidiary Setia Recreation Sdn Bhd has issued Islamic medium-term notes (sukuk murabahah) worth RM434mil, pursuant to a sukuk murabahah programme of up to RM434mil in nominal value (sukuk murabahah programme).

BLand to sell China's Great Mall project for RM1.4bil

KUALA LUMPUR: Berjaya Land Bhd's indirect subsidiary Berjaya (China) Great Mall Co Ltd is selling its under-construction Great Mall Recreation Centre in Hebei Province for 2.08 billion yuan (RM1.39bil) in cash.