<div class=newsTextDataWrapInner><p>SINGAPORE (Nov 1): Cosco Corp (Singapore) has agreed to push back the delivery date of a semi-submersible rig for another customer.</p></div>

<div class=newsTextDataWrapInner><p>Cosco Qidong Offshore Co, a subsidiary of the Cosco Corp’s 51% owned subsidiary, Cosco Shipyard Group Co, arrived at an agreement with shipowner Axis Vega Singapore to extend the delivery date of the semi-submersible accommodation rig to Aug 20, 2017 from March 10, 2016.</p></div>

<div class=newsTextDataWrapInner><p>Under the extension agreement, Axis Vega can take delivery of the rig at any time earlier than Aug 20, 2017, after giving written notice to Cosco Qidong.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>“The shipowner has waived all liquidated damages having accrued due to delay and agreed not to exercise any cancellation rights due to delay of the shipbuilding contract prior to Aug 4, 2017,” says Cosco in its filing.</p></div>

<div class=newsTextDataWrapInner><p>In view of the rescheduling and the uncertainty as to when the shipowner will take delivery of the rig, it is not possible to ascertain the financial impact of the agreement for rescheduling at this point in time.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Cosco Corp (S) closed at 26 cents.</p></div>


SINGAPORE (Nov 1): Cosco Corp (Singapore) has agreed to push back the delivery date of a semi-submersible rig for another customer.

Cosco Qidong Offshore Co, a subsidiary of the Cosco Corp’s 51% owned subsidiary, Cosco Shipyard Group Co, arrived at an agreement with shipowner Axis Vega ...

Cosco enters into another rig delivery extension agreement

Note from the publisher: Raising the bar for real estate excellence

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.

TEPEA commentary: Malaysia’s best of the best

After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.

Top Property Developers Awards judges’ comments

The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.

The Edge Malaysia-PAM Green Excellence Award 2024 Judges - Judges’ citation

When Covid-19 struck in late 2019 and early 2020, the local building and construction industry was in a quandary, grappling with the rising cost of doing business and burdened by escalating land and construction material prices. Buyers were increasingly cautious and affordability a major issue. Developers were also pressured by high unsold inventories.

The Edge Malaysia-PEPS Value Creation Excellence Award 2024 Judges - Judges’ citation

The Edge Malaysia Affordable Urban Housing Excellence Award was launched 10 years ago to recognise outstanding, affordably priced urban homes. Through the award, we are encouraging developers to build outside the box.

The Edge Malaysia Affordable Urban Housing Excellence Award 2024 Judges - Judges’ citation

The Edge Malaysia Property Excellence Awards, introduced in 2010, initially comprised anchor award The Edge Malaysia Top Property Developers Awards, and two other sub-awards, namely The Edge Malaysia-PEPS Value Creation Excellence Award and The Edge Malaysia-PAM Green Excellence Award. They were subsequently expanded to include The Edge Malaysia Affordable Urban Housing Excellence Award, The Edge Malaysia Outstanding Contribution to the Real Estate Industry Award, The Edge Malaysia Outstanding Property CEO Award, The Edge Malaysia Outstanding Property Entrepreneur Award, The Edge Malaysia Outstanding Overseas Project Award and The Edge Malaysia Property Development Excellence Award.

Other awards

The Edge Malaysia Property Excellence Awards (TEPEA) recognises and celebrates the collective success of developers and their contribution to providing a roof over our heads — as a home, workplace and community space.

Crafting the TEPEA commemorative plate

The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.

On a transformation trajectory

<p>SEOUL (Nov 24): Prime Minister Datuk Seri Anwar Ibrahim is scheduled to meet leaders of South Korean conglomerates, or "chaebol", to attract more foreign direct investments to Malaysia.</p>

<p>Malaysian Ambassador to the Republic of Korea Datuk Mohd Zamruni Khalid said a series of meetings wit...

PM will meet South Korea’s conglomerate leaders, attract foreign investment

<p>KOTA BHARU (Nov 24): The Kelantan government is expected to table amendments to the Syariah Criminal Code (I) Enactment 2019 in the state legislative assembly in 2025.</p>


Amendments to Syariah Criminal Code (I) Enactment 2019 in Kelantan expected to be tabled next year

<p>From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.</p>


<p>Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.</p>


<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="Ho (back row,centre), The Edge Malaysia editor-in-chief Kathy Fong (front row, second from left) with the City &amp; Country team — (front row, from left)  writer Priya Devan, senior editor E Jacqui Chan, ...

<p>The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.</p>


<p>After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.</p>


<p>The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.</p>


<p>When Tengku Datuk Ab Aziz Tengku Mahmud was appointed to lead the 40-acre mixed-use Merdeka 118 precinct development project in 2010, the new role came naturally to him following his years of experience in leading property divisions at various companies before that.</p>


Taking on a nationally significant landmark project

<p>Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has been on the up and up since 2022, during which it posted record sales, revenue and earnings of RM4 billion, RM2.7 billion and RM342 million respectively for the financial year ended July 31, 2022. That same year, it rolled out its overseas expansion plans along with an annual property sales target of RM8 billion by 2028.</p>


Taking a balanced approach

<p>The latest models in Google’s flagship series, the Pixel 9 and Pixel 9 Pro, hit the market this August with much fanfare. After some hands-on time with the Pixel 9, it’s clear it has standout features, but as with any device, it’s not without a few quirks.</p>

<h3>Design and feel</h3>

<p>Th...

Tech In Review: Keeping up with the Google Pixel 9

<p>The season for gifting and being jolly is here again. Sometimes, finding the right present can be stressful, especially when there isn’t much time left to make your purchases. Here are some simple, trendy and functional techy Christmas gifts to get for your loved ones.</p>

<p>&nbsp;</p>

<di...

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<p>Walking into The Edison George Town in the heart of Penang’s capital feels like stepping into the past. Much like the many colonial-era buildings in the city, the historical architecture of Asian and European influences has imbued it with a multicultural charm.</p>


Breathing new life into a century-old mansion

<p>Giving back to his hometown was always a goal for Sunway Group founder and chairman Tan Sri Jeffrey Cheah, who is from a small town called Pusing in Perak. When he stumbled upon a former mining site in Ipoh in 1995, Cheah immediately envisioned creating something extraordinary out of the wasteland.</p>


Former tin mine now a thriving township

<p>Situated strategically along the Sarawak River, Residensi Bintawa Riverfront enjoys a scenic riverside view of Kuching’s skyline, with breezes from the water creating a serene ambience. The project is an affordable mid-rise apartment complex in Kuching, Sarawak, developed by PR1MA Corp Malaysia (PR1MA).</p>


Creating well designed homes banking on nature

<p>The Edge Malaysia Property Excellence Awards (TEPEA) recognises and celebrates the collective success of developers and their contribution to providing a roof over our heads — as a home, workplace and community space.</p>


<p>After years of navigating the fast-paced world of investment banking, Petrina Goh found herself struggling to strike a balance between numerous work trips and the demands of motherhood. The arrival of her first child marked a turning point. By the time her second child was born, she had first-han...

Interview: Easing the burden of mothers

<p>With the Straits of Malacca coastline serving as the backdrop, the pleasant sea breeze and surrounding greenery provide residents of PR1MA Corp Malaysia’s (PR1MA) Residensi Port Dickson in Negeri Sembilan with a welcoming and soothing atmosphere.</p>


Serene and tranquil living

<p>In the last few weeks, start-up ecosystem social media chatter has been buzzing about Fashion Valet (FV). It started out because of a question asked in parliament about the losses of RM43.9 million incurred by Khazanah Nasional Bhd and Permodalan Nasional Bhd (PNB) from the divestment of their in...

The Pitch Deck: Navigating negativity: Harmful impact of unwarranted accusations on start-up ecosystem

<p>Standing at the end of Jalan Rotan in Kampung Attap in Kuala Lumpur is The Zhongshan Building, a restored four-storey whitewashed 1950s structure that has become a creative haven for the arts community.</p>
