News by Areeshya Thevamanohar

Located inside the retail space of 8 Conlay, in the heart of Kuala Lumpur, Platter will be the first experience-driven dining hall in Malaysia upon its completion in 2021, said KSK Land.

According to workspace innovation company The Instant Group, growth in Hong Kong was slowed compared to previous years, with Kuala Lumpur, Sydney, Singapore and Jakarta overtaking it last year.

Banks in the country will not extend the scheme but will continue to offer targeted financial assistance in the form of restructuring and rescheduling (R&R) to borrowers who continue to face repayment issues.

In a bourse filing today, Yi-Lai, which mainly carries out manufacture and sale of ceramic and homogenous tiles, said it had been cited as the second defendant in Kuala Lumpur High Court Suit No. 285 filed on July 8, 2020 and served on the company yesterday by one Teng Kam Kheong.

Naim said the lands are located at the Kidurong Industrial area off Jalan Sabekas at Tanjong Kidurong, Bintulu. The lands have a 99-year tenure each expiring in November 2112.

Purchasers were mainly from within the Klang Valley and surrounding areas, and some were even from as far as China.

Ireka said the demerger sees a complete separation of interests between the two companies.

The agreement sees Aseana buying back Ireka’s shares in Aseana and agreeing to the distribution of certain assets owned by Aseana to Ireka.

The group said it would be buying Blossom Eastland Sdn Bhd, which is developing Bandar Baru Setia Awan Perdana (BBSAP) and Lagenda Teluk Intan (LTI).

The agency observed negative growth for tourists from every regional market, namely the short-haul market which saw a 37.3% decrease, the medium-haul market with a 41.4% decline and the long-haul market with a 22.5% decrease in the three months.

In a note today, Affin Hwang analysts Azhani Hashim and Isaac Chow said they expect the OPR cut to have a minimal impact on earnings of MREITs this year as most of the REITs under coverage, such as Axis REIT, IGB REIT, KLCCP Stapled Group and YTL REIT, had pegged a majority of their borrowings at fixed rates.

“Elsewhere, PREITs and SREITs have fixed rates for 43% of their borrowings,” they added.