News about AG

Magna Prima Bhd (Aug 21, RM1.

KUALA LUMPUR (Aug 18): Magna Prima Bhd’s net profit in the second quarter ended June 30, 2017 (2QFY17) plunged by 86.

KUALA LUMPUR (Aug 18): Jaks Resources Bhd is selling off four parcels of land to a unit of Sunway Bhd for a total cash amount of RM167.

KUALA LUMPUR (Aug 17): Despite the grouses of property developers having difficulties in getting financing for their development projects, Malayan Banking Bhd (Maybank) said it is open to financing property projects provided they are feasible.

KUALA LUMPUR (Aug 15): Tan Sri Mohd Isa Abdul Samad has been arrested by the Malaysian Anti-Corruption Agency (MACC) in relation to the controversial purchases of two luxury hotels by Felda Investment Corp Sdn Bhd.

PETALING JAYA (Aug 10): The Asean Real Restate Network Alliance (Arena) Convention and Exhibition (ACE) 2017 is expected to draw over 600 participants from Southeast Asia, the US and UK.

PETALING JAYA (Aug 8): Global outsourcing and technology services company Aegis Ltd has expanded its presence in Malaysia with the opening of its new Business Process Management (BPM) Centre of Excellence (COE) in Medini City, the central business district of Iskandar Puteri in Johor.

KUALA LUMPUR (Aug 7): Cagamas Bhd is issuing RM410 million worth of conventional and Islamic bonds to raise funds, which will fund its housing loan purchases from the Malaysian financial system.

KUALA LUMPUR (Aug 4): There is never an oversupply of shopping malls, said Persatuan Pengurusan Kompleks (PPK) Malaysia adviser Richard Chan, an opinion that differs from the general belief.

PETALING JAYA (Aug 4): Developers are finding it difficult to comply with the requirement under the country’s stata management laws, such as the Strata Management Act 2013 (SMA), to submit the number of share units in a development when submitting their strata plans to the authorities.