Glomac dips into the red for 4Q on fair value losses, declares one sen dividend
KUALA LUMPUR (July 15): Impacted by a recognition of fair value losses on its investment properties, Glomac Bhd reported a net loss of RM8.
Pandemic puts downward pressure on office rents and occupancy
KUALA LUMPUR (July 14): Knight Frank Malaysia expects the Covid-19 pandemic to exert downward pressure on rental and occupancy levels in the oversupplied Klang Valley office market as the gap between supply and demand continues to widen amid weaker office demand and shrinking pool of tenants, it said in its latest Real Estate Highlights for 1H2020.
Ho Hup to raise up to RM82.47m via renounceable rights issue with free warrants
KUALA LUMPUR (July 11): Ho Hup Construction Company Bhd is planning to raise up to RM82.
Focused on the long term
Below 10 years multi-own strata residential Bronze: Ascenda Residence @ SkyArena Getting things done right from the beginning is always better than having to rectify wrongs later on.
Three of Azmin Ali's children could not be served with writ of summons in RM329,000 travel bill suit
KUALA LUMPUR (July 2): Three of Datuk Seri Mohamed Azmin Ali's (pictured) children were unable to be served with a statement of claim naming them as defendants in their father's case over alleged non-payment of nearly RM329,000 in travel bills incurred by him and his family.
Tengku Adnan's graft trial ends after last defence witness testifies
KUALA LUMPUR (June 30): Former federal territories minister Datuk Seri Tengku Adnan Tengku Mansor's (pictured) corruption trial has concluded at the High Court here today after the last witness for the defence gave his testimony.
Call for moratorium on private housing rental
KUALA LUMPUR (June 29): Parti Sosialis Malaysia (PSM) and a group of 16 non-government organisations (NGOs) that have joined hands to create the Rent Freeze Committee are calling for a moratorium on all private housing rental for a one year period.
Hong Kong: Owners prepared to cut rents rather than selling at a loss
KUALA LUMPUR (June 24): A myriad of events are eroding rents in Hong Kong.
UEM Sunrise warns it may miss 2020 targets due to economic uncertainty
KUALA LUMPUR (June 19): UEM Sunrise Bhd, which swung to a first-quarter net loss largely due to foreign exchange (forex) losses, has warned that its earlier sales and gross development value (GDV) targets of RM2 billion respectively for the current financial year ending Dec 31, 2020 (FY20) are likely to be impacted by the economic uncertainty.
Developer clears unsold units by adapting products to customers' needs
PETALING JAYA: Its personalised service and social media engagement with customers have helped property developer Oriental Interest Bhd clear off some unsold units from its projects in the current market downturn.
