<div class=newsTextDataWrapInner><p>SINGAPORE (July 1): GuocoLand says indirect wholly-owned subsidiary, First Bedok Land Pte Ltd (FBL) has won the tender for the residential site at Martin Place by the Urban Redevelopment Authority of Singapore, at the bid price of S$595.1 million.</p></div>

<div class=newsTextDataWrapInner><p>The 99-year leasehold land has a gross plot ratio of 2.8. Comprising a land area of 15,936.1 sqm, the land will be developed into a luxury condominium, capable of yielding about 450 units of varying configurations.</p></div>

<div class=newsTextDataWrapInner><p>The land parcel is located in the Prime District 9 and within 2 km to the Central Business District (CBD).</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>It is also a short walk to the future Great World MRT Station which is currently under construction and part of the Thomson-East Coast Line.</p></div>

<div class=newsTextDataWrapInner><p>The proposed acquisition and development of the land will be financed by internal resources and bank borrowings.</p></div>

<div class=newsTextDataWrapInner><p>The transaction is not expected to have any material financial impact on GuocoLand’s net tangible assets per share or earnings per share for the financial year ending June 30, 2017.</p></div>

<div class=newsTextDataWrapInner><p>GuocoLand shares closed 1.9% higher at S$1.88 on Friday.</p></div>


SINGAPORE (July 1): GuocoLand says indirect wholly-owned subsidiary, First Bedok Land Pte Ltd (FBL) has won the tender for the residential site at Martin Place by the Urban Redevelopment Authority of Singapore, at the bid price of S$595.1 million.

The 99-year leasehold land has a gross ...

GuocoLand unit awarded Martin Place residential site with S$595.1 mil bid

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General Electric Co reported a jump in second-quarter profit and raised its guidance for the year as the newly independent jet-engine manufacturer capitalised on strong demand during the busy summer travel season.

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(July 23): TikTok is planning to launch its in-app shopping platform in Spain and Ireland as early as October, restarting a stalled campaign to expand its fastest-growing business in Europe.

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Uzma Bhd (KL:UZMA) said on Tuesday that its Thai unit has secured a RM19 million contract to provide infill well preparation services for offshore platforms.

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LONDON (July 23): Spotify reported quarterly results broadly in line with analyst expectations on Tuesday, but failed to meet its own target for user growth.

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<p>Kenanga Research has maintained its 'underweight'&nbsp;rating for the Malaysian glove sector, and expects the tough operating environment to persist over the immediate term.</p>


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<p>Low Taek Jho or Jho Low, the alleged mastermind of the looting of 1Malaysia Development Bhd (1MDB), was ordered to forfeit a trio of “flawless” diamonds he bought for his mother that were from the jeweller who has designed for celebrities like Beyonce and Adele.</p>


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<p>Shares in RCE Capital Bhd (KL:RCECAP) rose on Tuesday and recorded their biggest single-day gain in more than two months, following a proposed one-for-one bonus share issue.</p>


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<p>Varia Bhd (KL:VARIA) said on Tuesday it had secured a construction subcontract worth RM555 million, sending shares in the company formerly known as Stella Holdings Bhd to their highest in nearly eight months.</p>


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<p>Relevant parties should have offered AirAsia Group&nbsp;compensation following the global information technology (IT) outage, said&nbsp;Capital A Bhd chief executive officer Tan Sri Tony Fernandes.</p>


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<p>Chinese vehicle manufacturer Chery's Jaecoo has launched its J7 sport utility vehicle (SUV), with a price tag starting from RM138,800.</p>

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<p>Home Minister Datuk Seri Saifuddin Nasution Ismail on Tuesday said that his ministry will be reviewing the <em>Forbes Advisor&nbsp;</em>report that listed Kuala Lumpur as the fifth most dangerous city to visit in Southeast Asia.</p>


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<p>WASHINGTON/WILMINGTON, Delaware (July 22): US&nbsp;Vice President Kamala Harris secured support on Monday from a majority of delegates to the Democratic National Convention, likely ensuring she will become the party's nominee for president next month, according to multiple sources.</p>


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<p>T7 Global Bhd (KL:T7GLOBAL) has received a letter of award (LOA) from Petronas Carigali Sdn Bhd to provide a low-cost jack-up drilling rig.</p>


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<p>Phillip Capital has maintained its 'buy'&nbsp;rating for Pantech Group Holdings Bhd (KL:PANTECH) at RM1.09, with a higher target price of RM1.42 (from RM1.35), and said it expects the company to report stronger earnings year-on-year for the first quarter ended May 31, 2024 (1QFY2025), with a core net profit forecast of RM24 million to RM27 million.</p>


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<p>KUALA LUMPUR (July 23): A multi-year property upcycle has been set in motion, driven by the rise in industrial developments, providing developers with a new growth avenue&nbsp;and alleviating pressure on residential developments, said Hong Leong Investment Bank Bhd (HLIB).&nbsp;&nbsp;</p>
