News about Building

KUALA LUMPUR (March 27): The Ministry of Works said it wants to get local authorities around Malaysia to impose a mandatory ruling for new developments to comply with the requirements for industrialised building system (IBS).

  KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.

PETALING JAYA (March 8): Melaka housing, local government and environment committee chairman Datuk Wira Ismail Othman has proposed for commercial buildings in the state be given a star-based fire safety rating system, The Star Online reported yesterday.

KUALA LUMPUR (Feb 12): About 40% of new buildings in the country have green building initiatives, with their builders designing them so that they are more energy-efficient, with zero carbon emission, Bernama reported today.

KUALA LUMPUR (Feb 12): Kerjaya Prospek Group Bhd expects the local property market will continue to remain soft, but it remains sustainable this year, says its executive chairman Datuk Tee Eng Ho.

KUALA LUMPUR (Feb 10): Malaysia Building Society Bhd (MBSB) has appointed its president and chief executive officer (CEO) Datuk Seri Ahmad Zaini Othman as the CEO of newly-acquired Asian Finance Bank Bhd (AFB).

KUALA LUMPUR (Feb 7): Malaysia Building Society Bhd (MBSB) has completed its acquisition of Asian Finance Bank (AFB) today.

KUALA LUMPUR (Feb 6): Malaysia Building Society Bhd (MBSB) is restructuring its boardroom as it prepares to merge with Asian Finance Bank Bhd (AFB).

KUALA LUMPUR (Feb 2): Malaysia Building Society Bhd (MBSB) shares rose as much as eight sen or 7% to RM1.

KUALA LUMPUR (Jan 23): Malaysia Building Society Bhd (MBSB), which has secured its shareholders nod for its proposed acquisition of Asian Finance Bank Bhd (AFB) at an extraordinary general meeting and court convened meeting today, says there would be no staff layoffs, "except for one or two management staff".