More commercial hubs for Klang Valley
By THE STARPlanners need to guide enterprises without stiffling initiative IF, like me, you’d far rather commute an hour than change your baby’s nappy, then the idea of working from home surrounded by your IT gizmos is dead in the water. It always was a silly New Age idea anyway. I can’t speak for the [...]
HK is the most expensive city for offices
By BLOOMBERG EDINBURGH: London lost its ranking as the world’s most expensive city for offices in 2008, supplanted by Hong Kong and Tokyo for the first time in nine years.Falling rents in the UK capital, combined with the pound weakening against the euro brought occupancy costs for prime offices in London’s West End down 23 [...]
Brisk sales for SP Setia home loan package
By THE STARDeveloper records better-than-expected revenue of RM300mil SHAH ALAM: SP Setia Bhd’s recently launched 5/95 Home Loan Package has achieved better-than-expected sales of RM300mil amid the softening economy, said group managing director Tan Sri Liew Kee Sin. “At that point in time, we did not specify a target because the market was so bad. [...]
Mah Sing Q4 earnings down
By BUSINESS TIMESMAH Sing Group Bhd registered a drop in its net profit for the fourth quarter to RM16.54 million compared with RM20.49 million recorded in the same period last year.Fourth quarter revenue, however, was higher at RM151.66 million from RM120.4 million in the previous corresponding period.For the full year ended December 31 2008, the [...]
Mah Sing posts lower net profit
By THE STARPETALING JAYA: Mah Sing Group Bhd has posted a drop of 19.7% in net profit to RM16.45mil for the fourth quarter ended Dec 31, compared with the previous corresponding period. At the same time, revenue in the quarter grew 26% to RM151.7mil. Despite the weaker quarter, the company registered 15% growth in after-tax [...]
SP Setia falls after Citigroup cuts forecasts
By BLOOMBERG SP Setia Bhd, Malaysia’s biggest property developer, fell to a one-week low after Citigroup Inc lowered its earnings estimates on the company for the next two years, saying the slumping economy will shrink home demand. SP Setia Bhd fell 1.8 per cent to RM3.28 at midday, set for the lowest close since February [...]
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