News about ER

In a report on Thursday (Aug 17), Inside Asian Gaming magazine cited analysts as saying that the influx of Chinese tourists bodes well for Singapore’s two integrated resorts — Marina Bay Sands and RWS — after each booked strong financial results for the June 2023 quarter.

The company said its first hotel in that country, Travelodge Myeongdong Euljiro, has been registering an occupancy rate of above 80% and an average daily rate of more than 90,000 won (RM320) since January.

The group is expected to record a net loss of about RM22.

In a filing with Bursa Malaysia on Thursday (Aug 17), Perak Corp said it had on Wednesday entered into a supplemental agreement to the JVA entered into on Sept 10, 2019 with ARX-YSC to vary certain terms of the JV.

A good credit score broadens your loan options, gets you better terms such as faster credit approval, better interest rates and higher loan amounts.

Datuk NK Tong: Just as developers have cross-subsidised affordable housing, perhaps financial institutions can be encouraged to look at cross subsidies to help finance affordable housing or set up a special fund or quota to give home loans to borrowers in lower income categories (B40 group).

While developers are currently maintaining a neutral view on the business, economic and property industry outlook for the coming year, there is increased optimism anticipated for 1H2024.

Tan Sri Vincent Tan’s counsel Chuar Kia Lin confirmed with The Edge that the Shah Alam High Court allowed the ex-parte injunction application earlier on Thursday (Aug 17).

The mutual termination was due to the inability of SWS Capital Bhd's wholly-owned unit, SWS In Medics Sdn Bhd’s (SIMSB), to fulfill the conditions precedent to obtain a loan from the financier to acquire the properties.

In a bourse filing, the group said its 60%-owned subsidiary LFE Development Sdn Bhd (LDSB) inked the joint venture agreement (JVA) with the owner of the land, Aziho Trading Sdn Bhd (ATSB), for the development of the project known as Taman Residensi Mesra Phase Four.