News about S

MORE than four years after Japanese retailer AEON Co Ltd took over France-based Carrefour’s loss-making business in Malaysia, it is still struggling to improve its bottom line.

KUALA LUMPUR (Feb 20): Ho Hup Construction Co Bhd's net profit fell 52.

PERAK (Feb 20): Hua Yang has launched the first phase of Bandar University Seri Iskandar (BUSI), Perak.

SINGAPORE (Feb 20): Finance Minister Heng Swee Keat announced, with immediate effect, in his Budget statement today that the CPF housing grant has been raised to S$50,000 (RM157,144) for first-timer couples buying four-room or smaller HDB flats from the resale market.

SHAH ALAM (Feb 20): Premier lifestyle developer Eco World Development Group Bhd (EcoWorld) is optimistic about the overall property market this year, which it expects to improve, partly anchored by factors that include low interest environment and positive buying sentiment.

PETALING JAYA (Feb 20): Property developer UEM Sunrise Bhd has completed the topping out for its high-rise condominium development, the Residensi22 Mont’Kiara project on Feb 18, and is on track for completion at the end of this year.

SINGAPORE (Feb 20): CIMB Securities is reiterating its “add” recommendation on CapitaLand with an unchanged price target of S$4.

SINGAPORE (Feb 20): Parkway Life REIT has acquired four nursing homes and one dementia group nursing home in Japan from Marubeni Corporation, UBI Kabushiki Kaisha and UBI Capital Kabushiki Kaisha for ¥4.

KUALA LUMPUR (Feb 20): MyHSR Corp Sdn Bhd has launched a strategic development framework (SDF) to outline socioeconomic development direction along the 350km Kuala Lumpur Singapore High Speed Rail (HSR) corridor.

PETALING JAYA (Feb 20): There may be a slowdown in the property market but niche developer Bukit Kiara Properties Sdn Bhd (BKP) has recently announced that the processing of their contractors’ payments would be changed from once a month to every two weeks.