Deepak files fresh suit against Boustead over 223-acre lands in Selangor
KUALA LUMPUR (June 25): Carpet businessman Deepak Jaikishan has filed a fresh suit at the High Court here against Boustead Holdings Bhd and its subsidiaries over 223.
IMF revises Malaysian 2020 GDP contraction to 3.8% from 1.7%
KUALA LUMPUR (June 25): The International Monetary Fund (IMF) has revised its Malaysia 2020 gross domestic product (GDP) forecast to a 3.
Slowdown in tenant demand, reevaluation of office space usage expected in coming months: KPMG International
KUALA LUMPUR (June 24): The pandemic has disrupted the office landscape, which will face a challenging time in the months ahead, according to KPMG International’s “Real Estate in the New Reality” webinar on June 23.
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Savills Malaysia: Massive store closures in major malls unlikely
PETALING JAYA (June 24): Although some renowned fashion brands such as Zara and Esprit have announced store closures in Malaysia recently, occupancy rate into the second half of the year (2H 2020) is expected to be relatively stable for established malls in the country.
Hua Yang narrows 4Q loss to RM4m, full-year net profit at RM2.2m
KUALA LUMPUR (June 24): Hua Yang Bhd's net loss for its fourth financial quarter ended March 31, 2020 (4QFY20) narrowed to RM4.
DONE DEAL: Serviced apartment, Kiara Designer Suites, Mont'Kiara, KL
Sold for: RM690,000 (RM548 psf) Concluded by: Ashley Haw (REN 05137) (011-1289 3610) of Kith and Kin Realty Sdn Bhd When: December 2019 Noteworthy: ● Freehold ● Built-up: 1,259 sq ft ● 3 bedrooms; 2 bathrooms ● Fully furnished unit ● Facilities: tennis court, gym, mini market, sauna, swimming pool and BBQ area.
Dr M will only work with DAP and Amanah, not PKR, as he seeks return to premiership
PETALING JAYA (June 23): Tun Dr Mahathir Mohamad (pictured) has said he will quit Pakatan Plus — a loose coalition of political parties PKR, DAP, Amanah, Warisan and Members of Parliament (MPs) led by the former premier — but continue to work with DAP and Amanah as the two parties back him as prime minister.
Dr M says he will not accept senior minister post
KUALA LUMPUR (June 23): Tun Dr Mahathir Mohamad (pictured) has revealed that he will not take on a senior minister or minister mentor’s post if Pakatan Harapan captures Putrajaya again, reported Sin Chew Daily today.
Scientex 3Q net profit dips 4.5% to RM69.62m, declares 10 sen interim dividend
KUALA LUMPUR (June 23): Scientex Bhd's net profit for the third quarter ended April 30, 2020 (3QFY20) dipped 4.
Commercial real estate investors planning market re-entry in Asia-Pacific — CBRE
KUALA LUMPUR (June 22): As lockdowns in most countries in Asia-Pacific come to an end, commercial real estate investors are gradually shifting from asset management and rental abatement to planning market re-entry, according to CBRE’s Capital Market Viewpoint report titled “New buying opportunities whet investor appetite”.
