News

YNHC receives summons from IRB

KUALA LUMPUR: YNH Construction Sdn Bhd (YNHC), a wholly-owned subsidiary of YNH Property Bhd, has been served with a writ of summons and statement of claim by the Inland Revenue Board (IRB) for back taxes for the year of assessment 1999 amounting to RM998,678.38.

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Mudajaya to set up company in Saudi Arabia

KUALA LUMPUR: Mudajaya Middle East Ltd, a 75% subsidiary of Mudajaya Corp Bhd, has entered into a Memorandum of Understanding (MoU) with two parties in Saudi Arabia on Jan 24 to set up a specialist equipment procurement contracting company called Mudajaya Power and Water Ltd (MPWL).

Mudajaya Corp is a wholly owned subsidiary of the Mudajaya Group.

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Oasis Ara Damansara selling well

KUALA LUMPUR: Retail and office units at the Oasis Ara Damansara project in Ara Damansara, Petaling Jaya are seeing encouraging take-ups with the latest shops and office units in Block C and Block D having sold 60% and 90% respectively, since their launch in late November last year.

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Beijing banks raise mortgage rates

BEIJING: Some banks in Beijing have raised mortgage rates on first homes to 85% of the benchmark lending rate from 70%, the official China Securities Journal reported on Jan 25.

The story cited an unnamed banker at a state-owned lender and also said some banks have lifted second-home mortgage rates to the benchmark level.

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