News by Yimie Yong

For the full year, net profit jumped over 20 times to RM28.53 million from RM1.38 million a year ago, while revenue grew 72% to RM360.82 million from RM209.89 million.

Iris Corp Bhd, which has been thrust into the limelight after its deputy managing director Datuk Hamdan Mohd Hassan was arrested by the Malaysian Anti-Corruption Commission for alleged graft...

Jaks Resources has commenced the construction of a power plant, which it will operate for 25 years, in Hai Duong Province, Vietnam. The construction works have helped to boost its earnings substantially.

In comparison, it reported a net foreign currency translation gain of RM227.3 million in the same period last year, its bourse filing yesterday showed.

IOI Properties Group Bhd is looking to launch property projects worth an estimated gross development value (GDV) of RM2 billion to RM2.5 billion in 2017, said chief executive officer Lee Yeow Seng.

Thanks to the RM55 billion East Coast Rail Link (ECRL), the long-forgotten East Coast of Peninsular Malaysia has somewhat come under the limelight again, despite the numerous questions raised about the railway’s price tag and the eventual benefits it could bring to the country.

On prospect, MQ REIT said the office market is expected to remain challenging with the slowdown of the global and domestic economies, and low crude oil prices.

Having successfully diversified into the construction business, timber products company NWP Holdings Bhd is venturing into property development too.

EWI president and chief executive officer Datuk Teow Leong Seng: It’s a synergy, Guoco is using us as a platform to go into the UK and Australian property markets. They know we have done very well in [the] UK and Australia. It’s a win-win situation.

ML Global Bhd has appointed Datuk Lim Lit Chek as executive director and chief executive officer of the construction company, replacing Chew Wee Seong who has been redesignated as chief operating officer.