Sime Darby Property hopeful for growth in 2024 after labour issues resolved
KUALA LUMPUR: Resolving the labour issues in the country this year will help the property market to pick up its momentum moving forward after having faced the labour crunch since the Covid-19 pandemic. Sime Darby Property Bhd’s (SDP) group managing director Datuk Azmir Merican said the group is positive that it would overcome challenges as […]
Sime Darby’s Weifang Port disposal at a fair price
KUALA LUMPUR: Sime Darby Bhd is disposing its entire stake in Weifang Port companies at a fair price in line with the conglomerate’s portfolio rebalancing efforts, AmInvestment Bank Bhd said. The investment bank said it was generally neutral on the proposed disposal and the divestment of the Weifang Port business was not unexpected. “The group […]
Sime Darby property positive on FY22, targets RM2.6 bln in sales
KUALA LUMPUR: Sime Darby Property Bhd is optimistic about its outlook for financial year 2022 (FY22), projecting a gross profit margin of between 20 per cent and 25 per cent. The property development group has also set a sales target of RM2.6 billion for the year, supported by development projects worth RM2.8 billion in gross […]
Petronas delegation calls on Abang Johari
KUCHING: Chief Minister Datuk Patinggi Abang Johari Tun Openg received a courtesy call from a high-powered Petronas delegation led by its chairman Tan Sri Mohd Bakke Salleh at his office in Wisma Bapa Malaysia today (Oct 14). The visit by the Petronas chairman was his first since being appointed to succeed Tan Sri Ahmad Nizam […]
Sime Darby to operate Porsche’s first assembly plant outside Europe
KUALA LUMPUR: Sime Darby Bhd has partnered with Porsche AG to operate the German sports car manufacturer’s first assembly plant outside Europe. In a statement today, it said the collaboration would allow Sime Darby to assemble sports cars for the Malaysian market with production scheduled to begin in 2022. Group chief executive officer Datuk Jeffri […]
Sarawak school trio conquers national innovator challenge
KUCHING: The national Young Innovators Challenge (YIC), an annual programme organised by Chumbaka and Yayasan Sime Darby had completed its 2020 challenge. The competition involved 292 video submissions with an outreach of 406 schools across the country. Intending to develop life skills through the creation of technology-based projects, the 2020 YIC is open to students […]
Sime Darby appoints Samsudin Osman as chairman
KUALA LUMPUR: Sime Darby Bhd (SDB) has announced the appointment of its non-independent non-executive director Tan Sri Samsudin Osman, as chairman, effective immediately. In a statement today, it said this followed Samsudin’s previous appointment as the company’s acting chairman in June 2020. Samsudin, 73, is Permodalan Nasional Bhd’s nominee director and served as SDB’s board […]
Salcra to get help from Sime Darby
BETONG: The Sarawak Land Consolidation and Rehabilitation Authority (Salcra) will improve its palm oil production by collaborating with Sime Darby. Deputy Chief Minister Datuk Amar Douglas Uggah Embas revealed that the collaboration would improve the state’s palm oil industry standards in terms of operational efficiency and productivity through the best agronomic practices. “I know that […]
