News about Malaysia

KUALA LUMPUR (May 11): Malaysia Building Society Bhd (MBSB)’s net profit for the first quarter ended March 31, 2016 (1QFY16) slumped by 71.

KUALA LUMPUR (May 9): Kerjaya Prospek Group Bhd (formerly Fututec Bhd) is set to win a contract worth RM300 million from property developer BCB Bhd to build a major high-rise project in Iskandar Malaysia, Johor, according to sources.

KUALA LUMPUR (May 9): RAM Rating Services Bhd has maintained its negative outlook on the Malaysian residential property sector as well as the office and retail sub-segments in Kuala Lumpur and Selangor this year.

KUALA LUMPUR (May 9): Sunsuria Bhd has partnered with Taiwan-based Ever Rich Land Co Ltd to turn a 3.

PETALING JAYA (May 7): A new man is in charge.

KUALA LUMPUR (May 6): DRB-Hicom Bhd’s divestment plan to pare down high borrowings seems to have hit a snag.

  KUALA LUMPUR (April 28): The real estate sector should embrace technology because it will bring value to the sector and change the game, said real estate experts.

KUALA LUMPUR (April 26): The Crown Prince of Pahang, Tengku Abdullah Sultan Ahmad Shah, together with parties acting in concert (PAC) with him who collectively have a 69.

Real estate investment trust sector Maintain neutral: Recently, we met up with management of several real estate investment trust (REIT) companies under our coverage and they reiterated their cautious view on the overall operating environment amid subdued consumer sentiment.

KUALA LUMPUR (April 22): UEM Sunrise Bhd will launch Melia Residences, the first freehold landed strata residential development in Gerbang Nusajaya, Iskandar Malaysia, this Saturday with selling prices from RM596,000 to RM1.