Highlights...

Projects in Singapore set to further boost group image

VENTURING into Singapore's luxury residential property market is set to enhance IOI Properties Bhd's brand and reputation as a quality home developer in Malaysia and Singapore. IOI Properties Executive Director Dato' Lee Yeow Chor is excited about the company's two projects in Sentosa Cove that would pave the way for more ventures across the causeway over the next two years. -Source: The Star, 05 May 2008

IOI Properties in for steady flow of earnings

IOI Properties Bhd will be able to reap good earnings from several high-value commercial and residential projects in Puchong, Kuala Lumpur, Penang and Singapore over the next two to three years. The main board-listed company is also building up its property investment portfolio with the launch of the Puchong Financial Corporate Centre and the expansion of the IOI Mall in Puchong. -Source: The Star, 05 May 2008

IOI powers ahead with CR

OIL palm plantation giant IOI group has diligently undertaken corporate responsibility (CR) activities in an admirable manner for over a decade. Its CR principle, which is encoded in Vision IOI formulated in 1995, emphasises on achieving commercial success in a balanced, responsible way by addressing the interests of stakeholders. -Source: The Star, 03 May 2008

Education an integral part of group’s CR initiatives

EDUCATION forms an integral part of IOI group’s CR initiatives, said Group Executive Director Dato' Lee Yeow Chor. In 1998, the group set up Yayasan Tan Sri Dato' Lee Shin Cheng (Yayasan TSDLSC), a charitable foundation which has become a major benefactor to many schools and underprivileged students nationwide. -Source: The Star, 03 May 2008

IOI Prop sees RM1b GDV from project

IOI Properties Bhd sees its second mixed property development project in Johor generating RM1bil in gross development value (GDV). Senior general manager (property division) Simon Heng said its Taman Kempas Utama would be launched this month. “The location of Taman Kempas Utama in the Kempas-Tebrau growth corridor, within Iskandar Malaysia, augurs well for the company,” Heng told StarBiz recently. He said the project, on a 101.17ha site on the North-South Expressway, would have about 2,000 residential and commercial units upon completion in 10 years. -Source: The Star, 02 May 2008

IOI Corp : No plans to raise funds at the moment

IOI Corporation Bhd (IOI Corp) has no plans to raise any funds for the time being, the company said in response to a recent article in The Edge Financial Daily. The article “Fund-raising exercises on hold” cited sources as saying IOI Corp had delayed the raising of a ringgit bond originally planned for April due to the widening credit spreads against the Malaysian treasuries. -Source: The Edge, 25 Apr 2008

IOI buying Sarawak oil palm estates for RM439m

IOI Corporation Bhd is expanding its oil palm plantations in Sarawak by proposing to acquire a major stake in several companies for RM439.85mil. It said these companies owned a combined 44,350ha of land in the state, of which 13,500ha was planted with oil palm. Of the total area, 4,500 ha or 33% of the planted area was mature and the remaining 9,000ha would be maturing progressively. -Source: The Star, 18 Mar 2008

IOI Properties proposes share split

IOI Properties Bhd has proposed a one-for-two share split and to undertake a renounceable rights issue of up to 169.53 million new shares.  The implementation of the rights issue was based on one rights share for every four shares held after the proposed share split, at an issue price of RM5.50 per share, it told Bursa Malaysia. -Source: The Star, 26 Feb 2008

Quarterly Report on consolidated results for the financial period ended 31/12/2007

IOI Corporation Berhad, IOI Properties Berhad... -Source: Bursa Malaysia, 14 Feb 2008

IOI Corp Post 65 Pct Rise In Pre-tax Profit For H1'08

IOI Corporation Bhd registered a 65 percent increase in pre-tax profit to RM1.418 billion for its first half (H1) ended Dec 31, 2007 (FY'08)from RM861.5 million in the its previous corresponding period. Its revenue also rose, to RM6.579 billion compared with RM4.139 billion. In its note to Bursa Malaysia today, the firm attributed the better performance to all major segments. The group noted that its plantation earnings of RM867.6 million for H1 FY'08 is about ... -Source: Bernama, 14 Feb 2008

IOI Properties set to unveil project in IDR

IOI Properties Bhd will launch a mixed property development along the North-South Expressway (NSE) in Kempas. General manager (property division) Simon Heng said Taman Kempas Utama would be launched by the second quarter of the year. He said the project, on a 101.171ha, would have 2,000 residential and commercial units. -Source: The Star, 12 Feb 2008

The two faces of tropical palm oil

Malaysia produces palm oil both sustainably and non-sustainably. The tropical sun in Sarawak on the island of Borneo brings beads of sweat to the face of Puding Bing Guan. The young face has an absent, but concentrated expression, as is typical for those doing heavy piecework. Puding grabs a pole that has a scythe-shaped blade at the end, with which he first clears away a few leaves from the top of an oil palm. -Source: Helsingin Sanomat, 06 Feb 2008