Curated stories and property intelligence, delivered your way.
Curated stories and property intelligence, delivered your way. Get free newspaper
Making sense of compounding interest—breaking down the maths

Making sense of compounding interest—breaking down the maths

news

Updated:
  • Daily compounding interest allows your savings to grow steadily over time without extra effort.
  • Starting early maximizes your gains, as seen in the comparison between Aida and Ben's savings.
  • Boost Bank's EdgeProp Jar makes it easy to earn compounded interest, encouraging you to start saving now!
Read More
Tropicana redeems RM89.43m Tranche 1 perpetual sukuk, advances deleveraging plan

Tropicana redeems RM89.43m Tranche 1 perpetual sukuk, advances deleveraging plan

news

Updated:
  • Tropicana Corp Bhd has fully redeemed its RM89.43 million Tranche 1 Perpetual Sukuk Musharakah.
  • The group reported unbilled sales of RM2.0 billion, ensuring earnings visibility amid ongoing developments.
  • MARC Ratings upgraded Tropicana's outlook to positive.
Read More
OCR to acquire 49% stake in property consultancy firm via share issuance

OCR to acquire 49% stake in property consultancy firm via share issuance

news

Updated:
  • OCR Group Bhd plans to acquire a 49% stake in Chester Properties via new shares priced at 4.1 sen each.
  • The acquisition aims to enhance OCR's market capabilities and support future developments.
  • Both companies expect the partnership to innovate property marketing and deliver greater value.
Read More
Kitacon secures RM99 mil construction job in Cyberjaya

Kitacon secures RM99 mil construction job in Cyberjaya

news

Updated:
  • Kumpulan Kitacon Bhd has secured a RM99.28 million project in Cyberjaya from ParkCity Botanika.
  • The contract involves constructing 128 three-storey terraced houses and related facilities, starting May 2.
  • This marks Kumpulan Kitacon’s second contract win for the year.
Read More
Eversendai’s Trojena Ski Village contract in Saudi Arabia terminated amid Middle East tensions

Eversendai’s Trojena Ski Village contract in Saudi Arabia terminated amid Middle East tensions

news

Updated:
  • Eversendai Corporation received a termination notice for its Trojena Ski Village contract in Saudi Arabia.
  • The company plans to submit claims for compensation and demobilisation costs due to the termination.
  • Despite geopolitical issues, Eversendai remains optimistic about new projects.
Read More
OCR Group unit to sell Magna Prima part of their Shah Alam development property

OCR Group unit to sell Magna Prima part of their Shah Alam development property

news

Updated:
  • OCR Group Bhd sold 4.58 acres of land in Shah Alam to Magna Prima Bhd for RM45 million.
  • The deal is part of Magna Prima's strategic expansion and will be funded through internal funds and loans.
  • Completion of the transaction is expected within six months, with both companies' shares remaining unchanged.
Read More
IJM: MACC clarifies probe targets individuals only, not the group as an entity

IJM: MACC clarifies probe targets individuals only, not the group as an entity

news

Updated:
  • IJM Corporation Bhd confirmed that the MACC's investigation does not involve the company itself.
  • The probe is focused on individuals linked to IJM amid allegations of a RM2.5 billion money laundering scheme.
  • IJM's chairman is cooperating with the MACC, while Sunway Bhd's takeover offer for IJM is also under investigation.
Read More
Wing Tai bets RM45m on Mont’Kiara as competition stiffens in KL’s premier address

Wing Tai bets RM45m on Mont’Kiara as competition stiffens in KL’s premier address

news

Updated:
  • Wing Tai Holdings Ltd has acquired a freehold land parcel in Mont’Kiara for RM45 million.
  • The site will be developed into a residential project, with plans for a boutique launch in 2027.
  • The upcoming MRT3 Circle Line may significantly enhance Mont’Kiara's appeal by improving connectivity.
Read More
Court finds DBKL negligent in 2023 motorcyclist's death, ordered to pay over RM820,000

Court finds DBKL negligent in 2023 motorcyclist's death, ordered to pay over RM820,000

news

Updated:
  • The Kuala Lumpur City Hall was found negligent for a tree that fell and killed a motorcyclist.
  • The court ordered DBKL to pay RM824,180 in damages to the victim's parents for their loss.
  • The judge emphasised DBKL's duty to maintain public safety regarding roadside trees.
Read More
REITs face near-term volatility as new tax regime takes effect

REITs face near-term volatility as new tax regime takes effect

news

Updated:
  • The removal of the 10% withholding tax on REITs will lead to near-term repricing in the sector.
  • Investors will face higher effective tax rates, particularly affecting higher-income groups.
  • Despite this, HLIB maintains an "overweight" stance on REITs, expecting yields to stabilise over time.
Read More
Bites