MAHB recording healthy growth
The operator of airports in the country, MAHB or Malaysia Airports Holdings Berhad’s ‘Runway to Success’ business strategy is in its second year of operation and it is seen by many to be on its way to resounding success. This is part of the 5 year road-map embarked by MAHB to become a world-class airport business company which will focus on the 3 main thrusts namely traffic growth, service excellence and commercial development and the market sentiments of the GLC has been very positive. Read more
PLUS records 28.6% profit for Q2
For the second quarter (Q2) ending June 30, 2011, major highway operator PLUS Expressway Bhd recorded profit of RM383.49 million from the same quarter last year when the company recorded total earnings of RM297.86 million. The 28.7% increase in earnings was boosted by increase in toll collection which amounted to RM41.10million. Read more
EPF confirms purchase of RM740m St James’ Square office blocks
The EPF (Employees’ Provident Fund) has confirmed its recent purchase of 12 St James’ Square from D2 Private, the Irish property investment company. The deal cost some £150 million (around RM740 million) and was completed on August 11 which is an office block in St James’ Square, one of the most sought after commercial office blocks in London. The purchase would be the fourth property investment by EPF in London. A year ago, EPF announced that they will be allocating some £1billion for the investment into British properties. Read more
PKT Logistics to go public in 2012
According to Datuk Michael Tio, the Group Chief Executive and Managing Director of PKT Logistics Group Sdn Bhd, they are planning to go public and be listed on Bursa Malaysia by the middle of next year. He said that the reason for this was to raise more capital for expansion which will involve a 5 million square feet of warehouse space. Read more
UMS wants partnership with Petronas
The Dean of UMS’s (Universiti Malaysia Sabah) engineering and information technology Assoc Prof Dr Rosalam Sarbatly said that national oil and gas company, Petroliam Nasional Bhd or Petronas should work with them to train workers for the oil and gas industry. This is because Sabah state which is known to have a large amount of oil and gas reserves are well positioned to become a major economic factor to the country in the future but the growth is very much limited as there are not enough experts in this sector.
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BiotechCorp to seek venture capital funding through Govt
According to Datuk Dr Mohd Nazlee Kamal, the newly appointed Chief Executive Officer of BiotechCorp (Malaysian Biotechnology Corp), they will be working to seek allocation from the government to provide funding in terms of venture capitals to companies with BioNexus-status status. The agency which is sanctioned to develop the biotechnology industry of the country who recently appointed the new CEO said that funding is certainly lacking to help companies move from proof-of-concept to commercialization of their products. Read more
Crescendo to launch RM2.5b township by year end
One of the major players in the property development sector, Cresendo Corp Bhd (CCB) will be launching the Bandar Cemerlang township project which is a mixed development property which will be done by the end of this year. The project is expected to garner a GDV (Gross Development Value) of RM2.5 billion for the company. According to Gooi Seong Lim, the Chairman and Managing Director of the company, this will keep the company occupied for the next 12 to 15 years at least.
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MAHB recording healthy growth
The operator of airports in the country, MAHB or Malaysia Airports Holdings Berhad’s ‘Runway to Success’ business strategy is in its second year of operation and it is seen by many to be on its way to resounding success. This is part of the 5 year road-map embarked by MAHB to become a world-class airport business company which will focus on the 3 main thrusts namely traffic growth, service excellence and commercial development and the market sentiments of the GLC has been very positive. Read more
PLUS records 28.6% profit for Q2
For the second quarter (Q2) ending June 30, 2011, major highway operator PLUS Expressway Bhd recorded profit of RM383.49 million from the same quarter last year when the company recorded total earnings of RM297.86 million. The 28.7% increase in earnings was boosted by increase in toll collection which amounted to RM41.10million. Read more
EPF confirms purchase of RM740m St James’ Square office blocks
The EPF (Employees’ Provident Fund) has confirmed its recent purchase of 12 St James’ Square from D2 Private, the Irish property investment company. The deal cost some £150 million (around RM740 million) and was completed on August 11 which is an office block in St James’ Square, one of the most sought after commercial office blocks in London. The purchase would be the fourth property investment by EPF in London. A year ago, EPF announced that they will be allocating some £1billion for the investment into British properties. Read more
