UEM Sunrise proposes RM2.5b sukuk debt notes to raise funds
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.
MQREIT does not expect significant impact from office space glut
MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.
‘Mortgage rejection rates not as high as 50%’
Maybank president and CEO Datuk Abdul Farid Alias, who is also chairman of the Association of Banks Malaysia, refuted claims that the rejection rate of housing loans has soared above 50% among the banks.
AZRB wins RM1.44b MRT viaduct project contract
Ahmad Zaki Resources Bhd has been awarded the first viaduct work package for the construction of the Mass Rapid Transit (MRT) Sungai Buloh-Serdang-Putrajaya (SSP) Line, worth RM1.44 billion.
SP Setia achieves RM918.3m net profit in 14-month period, plans 19 sen dividend
SP Setia Bhd achieved a net profit of RM208.28 million or 7.92 sen a share for the two months ended Dec 31, 2015 on revenue of RM1.14 billion, mainly contributed by the completion and handovers of various projects.
Genting Malaysia doubles its investment in GITP
Genting Malaysia explained that the additional hefty investment is to expand the scale and to add new facilities, to offer an extensive and wide array of new entertainment options to visitors from across the region.
Selangor Prop buys four parcels of land to develop high-end villas
The group entered into a sale and purchase agreement with Chong Khoon Lin Sdn Bhd to acquire the four adjoining parcels of freehold land with internally generated funds.
REITs to come under pressure this year
Often regarded as a safe haven, the Malaysian real estate investment trust (REIT) sector is unlikely to be spared from the impact of slowing global and local economic growth this year, despite having seen relatively good harvests last year.
Fututech changes name to Kerjaya Prospek
The group said it received today the certificate of incorporation on change of company's name, dated Jan 21, 2016.
