News by Tan Siew Mung

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.

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.

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.

CEO confident of achieving profitability in 2017.

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 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 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.

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.

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.

The group said it received today the certificate of incorporation on change of company's name, dated Jan 21, 2016.