Glomac will be busy for next 4 years
By BUSINESS TIMESGLOMAC Bhd’s nine ongoing projects and four to be launched early next year will keep the company busy for the next four years.Group managing director Datuk Fateh Iskandar Tan Sri Mohamed Mansor said the projects are expected to generate a total gross development value (GDV) worth RM3 billion.He said the 13 projects, comprising [...]
Glomac to absorb rising cost for certain houses
By THE EDGEPETALING JAYA: Glomac Bhd will absorb the increased construction costs for properties priced at RM200,000 and below, which now constitute about a third of its total sales.Its group managing director Datuk Fateh Iskandar Mohamed Mansor said: “Construction materials in general have gone up by 20%-30% including steel bars and cement but mechanical and [...]
The Edge honours top property developers
By THE EDGEKUALA LUMPUR: The country’s top 10 property developers were honoured at The Edge Malaysia Top Property Developers Awards 2007 here last night.The top 10 developers (in alphabetical order) are Bandar Raya Developments Bhd, Boustead Properties Bhd, E&O Property Development Bhd, IGB Corporation Bhd, IOI Properties Bhd, Island & Peninsular Bhd, SP Setia Bhd, [...]
2nd progress report on housing one-stop centre
By THE EDGEKUALA LUMPUR: The Housing and Local Government Ministry submitted its second progress report on the housing one-stop centre (OSC) to the Cabinet yesterday, said its minister Datuk Seri Ong Ka Ting.He said the bi-monthly report included progress, shortcomings, and efforts being made to make the OSC more efficient.“We take the OSC very seriously. [...]
E&O and property arm post improved earnings
By THE EDGEKUALA LUMPUR: Eastern & Oriental Bhd (E&O) posted a 50.21% rise in net profit to RM15.24 million for the first quarter (1Q) ended June 30, 2007 from RM10.14 million a year earlier mainly from the contribution of its on-going projects.Its revenue also rose by almost 50% to RM171.49 million. Earnings per share was [...]
Equine associate to build RM140m flyovers at PGCC
By THE STARPENANG: Abad Naluri Sdn Bhd, an associate of Equine Capital Bhd, is spending about RM140mil to build two flyovers to connect the RM25bil Penang Global City Centre (PGCC) project with the Penang Outer Ring Road (PORR). Equine holds a 25% stake in Abad Naluri, which is developing PGCC on the …
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