News by Ahmad Naqib Idris

Atrium REIT said it has entered into a sale and purchase agreement with Pacific BBA (Malaysia) Sdn Bhd for the freehold land, along with the office building and factories present on the tract.

“Unfortunately, there is limited scope for rate cuts beyond that. Although low inflation does provide room for easing, overly aggressive cuts could result in capital outflows, which BNM might find challenging to counter with its thin forex (foreign exchange) reserves.”

George Kent said the jump in earnings was mainly contributed by higher contributions from its engineering and metering divisions.

Property developer Magna Prima Bhd said it will be launching the RM220.81 million gross development value (GDV) The View Residence, which will be constructed on its recently acquired Shah Alam land, sometime in the fourth quarter of 2016 (4Q16).

MyTOWN, developed by Boustead Ikano Sdn Bhd — a 50:50 joint venture between Boustead Holdings Bhd and Ikano Pte Ltd — will instead see its opening sometime in the first quarter of next year...

"I think 35 years is more than sufficient — it's palatable. If we were to stretch it, it might be a strain on the borrower."

Property developers will be selective in applying new scheme to their products, says analyst

OSK had launched its takeover offer for shares in PJD it does not own for RM1.50 per share and 50 sen per warrant.

The group went through a period of stabilisation and is now ready for its next phase of growth, its president and CEO Datuk Khor Chap Jen tells The Edge.

Kerjaya said the contract, awarded to wholly-owned unit Kerjaya Prospek (M) Sdn Bhd, entails the main building works for the Eco Terraces project