TSMC quarterly profit soars 36%, beating expectations
TAIPEI: TSMC posted a 36% jump in second-quarter net profit on Thursday that beat market expectations as the Taiwanese chipmaker…
Category: Corporate News
Insurers buy mortgages outright in new twist
Yield-hungry insurance firms are adopting an unconventional strategy. They’re skipping mortgage-backed bonds and buying the underlying whole loans outright.
Warner Bros Discovery considering break up to boost stock price, FT reports
WARNER Bros Discovery, the owner of CNN and HBO, has discussed a plan to split its digital streaming and studio businesses…
IOI studies landbank monetisation for RE
IOI Corp Bhd is currently evaluating potential landbank monetisation for some of its aged plantation land areas for renewable energy…
ILB Group to purchase solar assets totalling RM98mil
PETALING JAYA: IL Energy Sdn Bhd (ILE), a wholly-owned subsidiary of ILB Group Bhd, has agreed to purchase all of…
PGF Capital partners with Centria for exclusive distribution in Malaysia
KUALA LUMPUR: PGF Capital Bhd’s wholly-owned subsidiary, PGF Global Distribution Sdn Bhd, has entered into a five-year distributorship agreement with…
Pavilion REIT posts RM67mil net profit in 2Q, declares 4.53 sen dividend
PETALING JAYA: Pavilion Real Estate Investment Trust (Pavilion REIT) will focus on continuously refining its tenant mix and elevating marketing…
Bintai Kinden bags two construction contracts worth RM25.68mil
PETALING JAYA: Bintai Kinden Corp Bhd (BKCB) has secured two contracts for a semi-detached and townhouse project in Selangor, as…
PTTS acquires two pieces of land from Sime Darby Property for RM22mil
PETALING JAYA: PTT Synergy Group Bhd (PTTS) has entered into sale and purchase agreements with Sime Darby Property (Serenia City)…