News about Malaysia

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.

KUALA LUMPUR (April 14): In a note today, Maybank IB Research said property transactions in Johor had plummeted 33% q-o-q in 4Q14, underperforming the country (-7%) and other major cities/states such as Kuala Lumpur (-12%), Selangor (+2%) and Penang (+8%).