News by M

Malaysian Resources Corp Bhd (MRCB) said the Employees Provident Fund (EPF) has offered to acquire an 80% interest in ‘exchange’ land that the company will be receiving under the National Sports Complex privatisation project, for RM421.5 million.

IQI Group Holdings chief economist/investment strategies Shan Saeed said Malaysia's property segment was growing in a structured manner and this would continue to attract investments from Europe, China, Japan and South Korea.

Compugates Holdings Bhd’s 70%-owned subsidiary, Compugates Development and Mining Sdn Bhd, plans to dispose of a piece of land in Dengkil, Selangor, to Bangsawan Bumimaju Sdn Bhd for RM62.12 million.

Alwi, who has been with UOA REIT in an independent and non-executive capacity, boasts a luminous career in the public sector.

The mixed commercial development will comprise retail, premium residences and offices, with a gross development value (GDV) of RM1.33 billion.

The property developer said the sukuk programmes will give it the flexibility to raise funds via the issuance of ICPs and/or IMTNs from time to time.

E&O said the termination of the proposed admission of E&O UK into the Alternative Investment Market (AIM) on the LSE is not expected to have an impact on the consolidated earnings per share and net assets per share of the group for the financial year ended March 31, 2016.

Average prices have grown modestly across the market. The highest relative price growths were among the affordable properties, in part due to their lower capital bases. The top three performers were Indah Apartment, Medan Intan Apartment and Idaman Suria, with prices up 34.9%, 31.4% and 25.4% respectively.

Fomca deputy president, Mohd Yusof Abdul Rahman, said the banking industry should consider such a scheme as its corporate social responsibility.

Evidently, IBS has proven to reduce costs and positively impact the bottom line of construction giants such as Skanska, Hochtief and Bechtel.