News about Malaysia

PETALING JAYA (May 8): 1Malaysia Development Bhd (1MDB) today put up a full-page advertisement in a local English daily to promote its prized project, Bandar Malaysia, a day after confirmation that it had sold a parcel of land at its other development project, Tun Razak Exchange (TRX) to pilgrims’ fund, Tabung Haji.

KUANTAN (May 7): The newly rebranded and refurbished East Coast Mall was unveiled yesterday after a RM60 million asset enhancement initiative to expand its net lettable area to 485,396 sq ft.

PETALING JAYA: Singapore and Malaysia have decided to postpone the 2020 deadline for the completion of a high-speed rail (HSR) link between the city state and Kuala Lumpur, said their prime ministers on May 5, reported The Edge Financial Daily citing a Reuters report.

SEPANG (April 29): MFMA Development Sdn Bhd will open the doors to its Mitsui Outlet Park in Sepang, near the Kuala Lumpur International Airport (KLIA), to the public on May 30.

PETALING JAYA (April 25): A potential drop in interest rates before end-2015 in Malaysia could reverse dampened sentiment in the near-term for the property market as interest rates fall worldwide, coupled with an ongoing currency war, said The Edge Media Group executive chairman Datuk Tong Kooi Ong (pictured).

KUALA LUMPUR (April 23): Property player S P Setia Bhd has fixed the price of its new shares to be issued in relation to its third dividend reinvestment plan (3rd DRP) at RM3.

KUALA LUMPUR (April 23): Eco World Development Bhd will not propose any dividend for its shareholders for the next two to three years as it is still in a growth phase, its chief financial officer Datuk Heah Kok Boon said.

NSSB manages and operates the Nu Sentral Mall in Kuala Lumpur (theedgeproperty.

KUALA LUMPUR (April 20): Axis Real Estate Investment Trust (REIT) has announced the first interim income distribution of 4.

KUALA LUMPUR (April 17): Mulpha Land Bhd has appointed Datuk Fakhri Yassin Mahiaddin as executive chairman and director of the company from tomorrow (April 18), replacing Lee Eng Leong who has resigned.