KUALA LUMPUR: The latest measures announced by Bank Negara Malaysia (BNM) to rein in household indebtedness are seen as necessary to promote a sound and sustainable household sector.  

KUALA LUMPUR: HELP International Corp Bhd is planning a corporate exercise, likely a rights issue or share placement, to raise funds for the construction of its new university campus in Subang Jaya, Selangor, according to sources familiar with the company.

It was reported after the company AGM in April that options for financing the project were being explored.

KUALA LUMPUR: Mammoth Empire Holding Sdn Bhd, via its wholly-owned subsidiary Mammoth East West Sdn Bhd, signed a subscription shareholders agreement with Iskandar Investment Bhd subsidiary Medini Land Sdn Bhd to develop a 23.7 acre land in Iskandar.

ZHONGSAN: I-Bhd expects to double the revenue of its leisure component upon the opening of its RM25 million interactive wax museum, Red Carpet@i-City, in Shah Alam, Selangor.For its financial year ended Dec 31, 2012, its leisure component achieved a revenue of RM32 million, I-Bhd director Monica Ong told a press conference at the signing ceremony between I-Bhd and Zhongsan City Elephant Sculptu

PETALING JAYA: The landmark 432 Park Avenue project in New York has achieved nearly US$1 billion (RM3.18 billion) in sales. The launch of the residential condominium sales campaign and opening of the sales and marketing centre at 767 Fifth Avenue took place in March 2013.

LONDON: Malaysia’s aggressive investment in Britain will turn it into a major player, especially in the London property market.

Prime Minister Datuk Seri Najib Razak said the Employees Provident Fund, Malaysia’s largest retirement fund by assets, is flush with funds and needs to invest some of its surplus cash abroad.

LONDON: The redevelopment of Battersea Power Station by a Malaysian consortium is a reflection of the good relationship between Malaysia and Britain, said Prime Minister Datuk Seri Najib Razak.

LONDON: The consortium undertaking the Battersea Power Station project in London, comprising S P Setia Bhd, Sime Darby Bhd and the Employees Provident Fund (EPF), may look at a real estate investment trust (REIT) in the future when the second phase matures.

LOCATED some 33.5km from the Kuala Lumpur city centre, Kota Kemuning in Shah Alam is a vibrant, self-contained township with mature residential areas. Finding sizeable land in the township to build something unique would have been difficult but the opportunity presented itself to BCB Bhd in 2011.

FOR Eric Yong, executive director of Crest Builder Holdings Bhd, the first half of 2013 has been a rather quiet period.