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News by THEEDGEMARKETS.COM

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UPDATE EPF: Members aged 40 and above can apply for loans using Account 2 from April 7; withdrawals from age 50 allowed for repayments

03 April, 2023

However, this withdrawal is conditional where the withdrawal payment will only be made to the banking institution when the member reaches the age of 50 to 55, as stipulated in the EPF Act 1951.

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Symphony Life sues former partner for RM150 mil over terminated joint development agreement

03 April, 2023

Symphony Life Bhd is suing its former development partner for RM150 million over a terminated agreement to jointly develop residential condominiums in Langkawi.

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PN17 firm Perak Corp signs master agreement with PKNP on development initiatives

03 April, 2023

Debt-ridden Perak Corp Bhd said it has entered into a master agreement with its holding company, Perbadanan Kemajuan Negeri Perak (PKNP), to define the terms of several development initiatives to be undertaken by the two entities.

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Land & General’s MD to take up 10% stake in unit undertaking housing project

03 April, 2023

Land & General Bhd (L&G) said its managing director Low Gay Teck will take up a 10% stake in a wholly-owned unit of the group which recently bought a piece of land in Bandar Puchong Jaya to develop serviced apartments.

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SIAB, Yong Tai mutually terminate two outstanding condominium projects valued at RM190.4 mil

03 April, 2023

SIAB Holdings Bhd and Yong Tai Bhd have mutually agreed in principle to terminate two condominium projects belonging to Yong Tai on Jalan U-Thant here, and in Melaka, with a combined outstanding contract value of RM190.48 million.

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Comintel to develop 42-storey serviced apartments in Bukit Jalil for RM168.3 mil

03 April, 2023

Comintel’s wholly-owned subsidiary, Binastra Builders Sdn Bhd on March 31 accepted the Letter of Award from Exsim Bukit Jalil City Sdn Bhd for the project.

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The Curve recovers with 92% occupancy rate in 2022, average one million monthly footfall in early 2023

31 March, 2023

Neighbourhood mall the Curve in Petaling Jaya, under Boustead Holdings Bhd, has recovered with 40 new leases and an occupancy rate of 92% in 2022.

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West Coast Expressway at 84.19% completion as of Jan 15, says Works Minister

31 March, 2023

Construction of the West Coast Expressway (WCE) was at 84.19% completion as of Jan 15, according to Works Minister Datuk Seri Alexander Nanta Linggi.

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Tanco secures RM43 mil ECRL contract works

31 March, 2023

The ECRL project, spanning 665km and comprising 59 tunnels, includes construction works in four states, namely Kelantan, Terengganu, Pahang and Selangor, and is designed to be flood-free.

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Crescendo slips into the red in 4Q on lower sales of properties, declares 2 sen final dividend

31 March, 2023

Crescendo Corp Bhd has reported a net loss of RM3.63 million for the fourth quarter ended Jan 31, 2023 (4QFY2023), compared to a net profit of RM4.55 million a year earlier, due to lower sales of properties.

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