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Eversendai posts 1Q profit vs losses a year earlier

Eversendai Corp Bhd posted a first quarter net profit at RM15.26 million versus a net loss of RM50.43 million a year earlier mainly on the absence of financial-asset losses during the quarter in review.

Matrix Concepts signs RM250 mil sukuk programme

Matrix Concepts Holdings Bhd (MCHB) has signed an agreement for the issuance of Islamic commercial papers (ICP programme) and Islamic medium term notes (IMTN programme) with a combined limit of up to RM250 million.

Property cooling measures showing results in Penang

Cooling measures taken by the Penang government in 2013 have brought down property prices in the state, State Housing, Town and Country Planning Committee chairman Jagdeep Singh said yesterday.

Global real estate assets under management up 20% to US$2.5 trillion in 2016

The total value of global real estate assets under management surged by 20% year-on-year from US$2.19 trillion (RM9.37 trillion) to US$2.5 trillion as at end-2016 with fund managers of all sizes increasing the value of their assets, according to the Fund Manager Survey 2017 conducted by the Asian Association For Investors In Non-Listed Real Estate Vehicles, the European Association for Investors in Non-Listed Real Estate Vehicles (INREV) and the National Council of Real Estate Investment Fiduciaries.

MBSB up 2.36% as 1Q earnings nearly triple

Malaysia Building Society Bhd shares rose 2.36% at mid-morning today after its net profit in the first quarter ended March 31 (1QFY17) nearly tripled to RM101.32 million from RM34.84 million a year ago, thanks to higher gross loans and lower cost of funds.