Sunway Property sets RM1.6b sales target for 2021, expects a better year ahead
PETALING JAYA (March 4): Sunway Property, the property division of Sunway Bhd, is eyeing to achieve sales of RM1.
Khazanah 2020 profit falls 61% to RM2.9b, declares RM2b dividend to government
KUALA LUMPUR (March 4): Khazanah Nasional Bhd reported today its 2020 profit from operations fell 61% to RM2.
Teh Hong Piow says Malaysia's low interest rates to persist into foreseeable future
KUALA LUMPUR (March 4): LPI Capital Bhd chairman Tan Sri Dr Teh Hong Piow (pictured) said Malaysia’s low interest-rate environment is expected to persist into the foreseeable future as the Covid-19 pandemic and effectiveness of global efforts to contain its spread continue to dominate the world economic landscape.
Federal Court says Malaysiakini readers’ comments were ‘scurrilous and irreprehensible’
PUTRAJAYA (March 3): The Federal Court, which today released its written judgement on Malaysiakini’s contempt of court case over comments posted by readers, said the comments were “simply scurrilous and irreprehensible”.
Paramount sets higher property sales target of RM1b for 2021, sees low interest environment as a boon
KUALA LUMPUR (March 3): The current low interest rate environment bodes well for the property market due to lower borrowing costs, says Paramount Corp Bhd group chief executive officer Jeffrey Chew (pictured).
Kanger International bags RM478m contract to build two blocks of apartments in Genting Highlands
KUALA LUMPUR (March 3): ACE Market-listed Kanger International Bhd's wholly owned unit has bagged a contract to build two blocks of serviced apartments totalling RM478 million in Genting Highlands.
Thailand developers will soon offer real estate-backed digital tokens
BANGKOK (March 3): Since Thailand Securities and Exchange Commission (SEC) approved the trading of real asset tokens this month, a few Thailand developers and real estate firms are mulling the digital fundraising option by launching their own real estate-backed tokens, Bangkok Post reported.
Grand-Flo proposes two property acquisitions after posting higher net profit in FY20
KUALA LUMPUR (March 3): Grand-Flo Bhd is planning to buy two properties in Genting Highlands — the land and project development rights of an ongoing mixed development known as Grand Ion Majestic (GIM), and the adjacent serviced apartments and commercial lots of a completed project known as Grand Ion delemen (GID) — for RM422.
Covid-19: Malaysia records 1,555 new cases — lowest daily figure in 57 days, six deaths
KUALA LUMPUR (March 2): Malaysia today recorded 1,555 new Covid-19 cases — marking the lowest number of infections reported in 57 days — bringing cumulative Covid-19 cases in the country to 304,135.
Production costs expected to rise as manufacturers’ activity outlook remain cautious — FMM-MIER survey
KUALA LUMPUR (March 2): Production costs are expected to trend upwards in the coming months as manufacturing activity remains subdued while manufacturers remain cautious over their business outlook for the next six months.
