KUALA LUMPUR: Six months after the completion of the demerger of IOI Corp Bhd’s property business, its shareholders are still enjoying the benefits of the corporate exercise.

GEORGE TOWN: The DAP has called on Bank Negara Malaysia (BNM) to reinstate the developer interest bearing scheme (DIBS) for buyers of houses costing less than RM400,000 to compensate for any negative inflationary impact and higher loan repayments from the hike in interest rates.”

KUALA LUMPUR: Land & General Bhd (L&G) plans to reward its shareholders by issuing bonus shares, likely to be done in the first half of next year, said its chief financial officer KC Ng.

STAMFORD (Connecticut): Emerging markets now account for nearly 70% of Westin development pipeline, according to Starwood Hotels & Resort Worldwide Inc.

Seberang Perai: Aeon Seberang Prai City, the largest mall in Bandar Perda, Penang, will be renamed Perda City Mall (PCM) after undergoing asset enhancement works.

PETALING JAYA: Sunway Bhd’s public preview of its Sunway Geo Residences 2 show unit has drawn more than 900 registrations of interest for the available 318 units. More than 1,000 people came for the unveiling late last month.

NEW YORK: Manhattan apartment rents jumped last month, extending a surge in costs as availability tightens during the market’s peak season.

JOHOR BARU: The Johor state government has denied any takeover of land owned by the Port of Tanjung Pelepas (PTP) for the Forest City project as stated by an online news portal.

Menteri Besar Datuk Seri Mohamed Khaled Nordin said the allegation was totally untrue as he was unaware of any moves by the state government to assist the project.

Eco World Development Group Bhd
(July 10, RM5.18)