KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) said yesterday that its subsidiary Jana Kapital Sdn Bhd’s proposed RM4 billion 16-year sukuk murabahah programme has been set up merely for the purpose of facilitating MBSB’s proposed RM3 billion 15-year structured covered sukuk murabahah programme.

PUTRAJAYA: While a slowdown in the property market is to be expected in the near term following the cooling measures announced under Budget 2014 last Friday, IOI Corp Bhd group executive chairman Tan Sri Lee Shin Cheng said he remains optimistic about its longer-term outlook as consumers digest the changes in due time.

KUALA LUMPUR: Only World Group Holdings Bhd (OWG) intends to revitalise the KomtarTower in Penang using  56% of the proceeds from its IPO.

HONG KONG: Barclays plc joined UBS AG and Bank of America Corp in forecasting a Hong Kong property slump, predicting home prices will fall at least 30% by the end of 2015 as income growth stalls and supply increases.

THE almost impenetrable crowds of shoppers at Causeway Point might be intimidating and frustrating for visitors to the mall, but it has been a cause for celebration for investors in Frasers Centrepoint Trust (FCT).

KUALA LUMPUR: President Xi Jinping’s Chinese Dream envisions 70% of the population living in cities by 2030, up from 52% today. This means an influx of 20 million new urban residents every year who offer vast business opportunities, says Niny Khor, a Malaysian economist at the Asian Development Bank.

KUALA LUMPUR: Although the FBM KLCI closed almost unchanged and the ringgit strengthened to a four-month high against the US dollar yesterday to 3.1355, property stocks took a beating in the aftermath of the unveiling of Budget 2014.

PETALING JAYA: The "bold measures" to cool the market under the Budget 2014 will help the property market self-correct within the next six month to one year, said the spokesperson for the Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector (PEPS)

KUALA LUMPUR: Budget 2014, which was unveiled last Friday, is expected to bring cheers to some corporations but others could see knee-jerk reaction from investors.  

According to heads of research and fund managers, sectors that could be lifted by the latest budget include construction, oil and gas (O&G), telecommunications and media.  

KUALA LUMPUR: Boustead Holdings Bhd hopes to benefit from the RM3 billion allocation in soft loans under the Maritime Development Fund announced under Budget 2014 last Friday, said group managing director Tan Sri Lodin Wok Kamaruddin.