News about Malaysia

PETALING JAYA (Dec 9): Eastern & Oriental Bhd (E&O) plans to launch phase 2 of Avira Garden Terraces at its Avira Iskandar Malaysia development in Johor in the first half of 2017.

KUALA LUMPUR (Dec 8): Eco World Development Group Bhd (EcoWorld) reported a net profit of RM29.

KUALA LUMPUR (Dec 8): Selangor Dredging Bhd (SDB) has proposed the acquisition of a freehold property in Singapore’s Serangoon Road for S$47 million (RM146.

ISKANDAR PUTERI (Dec 6): Forest City, a mixed-use development on four man-made islands, is expected to contribute RM66 billion in tax revenue to the government over two decades.

Real Estate Investment Trusts Maintain neutral call: Malaysian government securities (MGS) yield spiked in November to above 4.

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) president and chief executive officer (CEO) Datuk Ahmad Zaini Othman (pictured) kept mum about questions yesterday about the potential merger and acquisition (M&A) of MBSB with Asian Finance Bank (AFB), saying only it is now a shareholder matter.

KUALA LUMPUR (Dec 6): George Kent (M) Bhd’s net profit jumped 96.

IN Malaysia, property damage caused by termites is actually much more common compared to fire and flood, according to Rentokil Initial Malaysia managing director Carol Lam and technical director Juliana Soo.

PETALING JAYA (Dec 2): Maintaining a property is part and parcel of the investment required for the preservation and potential appreciation of the property, said Nippon Paint Group Malaysia managing director Yaw Seng Heng.

KUALA LUMPUR (Nov 30): Developer S P Setia Bhd has expressed its deepest regret on the pedestrian link bridge collapse tragedy which killed one worker, injured five others while another remains unaccounted for.