The Sandakan Municipal |
the effort of all quarters |
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Council aims to achieve City |
to improve collection and |
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Hall status by 2030 . |
financial prudence ,” he said . |
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Its President Datuk James |
Wong said this during the |
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Wong said this would |
swearing-in ceremony of 23 |
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be possible if the local |
councillors for the 2017-2018 |
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government could collect a |
session on Wednesday . |
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revenue of RM100 million by |
2025 . |
Also , present to witness the |
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event was Assistant Local |
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“ For 2016 , we have recorded a surplus revenue of RM2,572,000 based on the collection of RM87,140,000 against expenditure amounting to RM84,569,000 .
“ The excess was due to
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Government and Housing Minister Datuk Zakaria Edris .
Meanwhile , Wong said in early estimates the District Council would be spending RM63,672,000 on operations and management from the
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RM63,919,000 allocation set for the year 2017 .
He said the figure would only be clear by the end of the year , adding that it
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Sandakan town would jump further due to the collection of rental from seven People ’ s Housing Project in the district , Federal Government grants and others . |
Sarawak-based property |
past two years , we reviewed |
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developer Ibraco Bhd , |
our approved development |
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known for its range of |
plans and decided to change |
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upscale residential and |
certain components to |
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commercial property |
develop affordable homes ,” |
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projects , is recalibrating its |
said Chew . |
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product portfolio to include |
more affordable housing . |
“ We have resubmitted our |
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development plans to the |
Managing director Chew |
State Planning Authority . [ If |
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Chiaw Han ( pictured ) said |
everything goes well ,] this |
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that the group has submitted its new development plans |
would help us gain [ a ] bigger competitive advantage ,” he |
Managing director Chew Chiaw Han |
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to the State Planning |
said . |
“ After the submission [ to the |
“ We are not expecting |
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Authority to focus on homes |
State Planning Authority ], a |
to recognise full income |
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catering to the needs of |
Ibraco saw its net profit in the |
few launches which we had |
from these projects until |
|
low- to moderate-income |
third financial quarter ended |
in the pipeline were deferred |
after the first half of 2017 |
|
households . |
Sept 30 , 2016 ( 3QFY2016 ) |
to 4QFY2016 . However , we |
( 1H2017 ) due to the stages |
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The move , he said , was made not only to meet the needs of genuine home buyers looking for homes but also to give the group a competitive edge in a challenging market , seeing that consumer confidence has deteriorated . |
plunge 61.1 % to RM4.36 million from RM11.2 million a year earlier . Revenue too took a dive , dropping 46.6 % to RM32.43 million from RM60.76 million year-on-year .
The group attributed slower sales , the lower completion status of certain projects — on top of lesser other income , higher administration expenses
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managed to roll out a few launches as planned and the responses were satisfactory despite the current sentiment ,” Chew said .
Still , these projects , which comprise high-rise residential properties with commercial podiums as well as commercial buildings in Kuching and Bintulu , Sarawak , are not expected
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of recognition . We will begin seeing contributions beginning or beyond 2H2017 ,” Chew iterated . |
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“ In view of the weakening |
and finance costs — to the |
to contribute significantly to |
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market sentiment over the |
decline . |
Ibraco ’ s earnings this year . |
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