LBS Bina Group Berhad (LBS) proved its resilience in the property sector achieving approximately RM1.4 billion in sales for the year 2017, up 15 per cent from 2016. It is full steam ahead for LBS as it remains confident in maintaining its steady momentum throughout 2018, staying ever focused on offering more affordable homes and self-sufficient townships, aligned to the needs of today’s home buyers.
Bursa Malaysia Securities Berhad (Bursa Malaysia) has introduced new trading features, providing alternatives for market participants to efficiently execute a greater variety of trading strategies.
Malaysia recorded a total of RM113.5 billion worth of approved investments in the manufacturing, services and primary sectors for the first nine months of 2017. This was 26.5% lower than the investment of RM154.3 billion approved in the same period last year. These investments involved 3,886 projects and will create 91,500 employment opportunities.
Similar to the performance registered in the first half of 2017, this decline was mainly attributable to the lower quantum of approved investments recorded in the services sector i.e. a drop of 37.6%. This was in line with the subdued property market that is expected to persist until the end of the year. Manufacturing sector too declined 15.5% partly due to the higher base reported previously as a result of approvals associated with lumpy projects (Pengerang and RAPID project in Johor) as well as the softening global FDI trend for this sector as highlighted by UNCTAD’s World Investment Report 2017.