News about MB

In a statement on Saturday (April 15), EPF chief executive officer Datuk Seri Amir Hamzah Azizan said the number of applications for FSA2 is expected to increase with the launch of Bank Simpanan Nasional’s (BSN) MyRinggit Insan-i facility on the same day.

The upcoming Federal Court decision will once and for all decide whether the land should be developed or not.

On prospects, Tambun Indah Land said the property market outlook in 2023 is expected to remain impacted by a rising interest rate environment, coupled with an escalation in construction costs.

DONE DEAL: Factory, Seksyen 51, Petaling Jaya, Selangor DONE DEAL: Office, KL Eco City, Bangsar, Kuala Lumpur Named after pre-independence Tamil community leader K Thamboosamy Pillai, Jalan Thamboosamy is a prominent street in Chow Kit, Kuala Lumpur.

In an exchange filing on Tuesday (April 11), the Bintai said it is sourcing for the appropriate review and negotiation with the parties involved in the concession arrangement to reach amicable solutions to settle debts owing to MBSB.

It was obtained in 2018 in accordance with a concession arrangement of 25 years, with Bintai Kinden as the corporate guarantor.

MBSB, in a statement on Thursday (April 6), said its shariah-compliant facility Ihsan-i will be offered to EPF members who are between 40 and 55 years of age, with a minimum of RM3,000 in their Account 2 and EPF i-Account holders, beginning April 7, 2023.

Through the collaboration, Mah Sing will support CECC by extending its expertise in manufacturing and property development.

"It offers a practical solution for EPF members who are facing temporary liquidity issues by providing cash flow through personal financing but with minimal impact on their retirement savings," the EPF said.

In a bourse filing on Thursday (March 30), PTT Synergy said it has inked a share sale agreement with its deputy chairman Teo Swee Leng, its managing director Teo Swee Phin and Faddly Nordin to purchase the entire equity interest in PTTSB.