MBSB Bank Bhd appears to be the first to announce an Employees Provident Fund (EPF)-backed loan, or the Account 2 Support Facility (FSA2), for members aged between 40 and 55.

Domestic electricity users with high volume usage may be the next target for higher tariffs, following upward adjustments for large corporations in January, according to CGS-CIMB Research.

Tanco Holdings Bhd has aborted a plan to raise RM100 million through an allotment of 100 million redeemable preference shares (RPS) of RM1 each to the Social Security Organisation (Socso).

Kitchen specialist Signature International Bhd is acquiring a 45% stake in home furnishing company Zig Zag Builders (M) Sdn Bhd (ZZBSB) to diversify its customer base.

PVC products manufacturer Tek Seng Holdings Bhd is acquiring three parcels of freehold vacant land near its factories in Seberang Perai, Penang for RM33.96 million.

Ayer Holdings Bhd, formerly known as TAHPS Group Bhd, has proposed a dividend of 20 sen per share for the financial year ended Dec 31, 2022 (FY2022), the highest by the group since FY2015, when it paid a dividend of 32 sen.

Noteworthy:

• Rented
• Built-up size: 1,035 sq ft
• 3 bedrooms
• Semi-furnished
• Nearby amenities: MidValley, The Gardens Mall, convenience stores, F&B outlets, universities, LRT Abdullah Hukum, KTM  
• Accessibility: NPE highway, Federal Highway, Jalan Maarof and Jalan Bangsar.

January 2023

According to a media release by Sime Darby Property, new openings include Jigsaw, Under Armour, ME +EM, Kiehl’s, Hackett, IWC, Swatch, Reformation, Pinko, Bimba Y Lola, Theory, The North Face, Just Over The Top (JOTT), Penhaligon’s, The Cinema in the Power Station, David Clulow, Oseyo, Leon, itsu, M&S Food Hall and Gordon Ramsay’s Bread Street Kitchen and Bar.

Developer Sunway Property and Alliance Bank have signed a Memorandum of Understanding (MoU) to drive the adoption of green-certified properties towards sustainable communities. Sunway Property is the first developer to partner with Alliance Bank towards this purpose.

RHB Research has maintained its “overweight” rating of the property and real estate sector, naming IOI Properties Group Bhd and Matrix Concepts Holdings Bhd as its top picks.