EWI buys out Salcon in Australian property firm
KUALA LUMPUR (April 12): Eco World International Bhd is buying the remaining 20% it does not own in an Australian joint venture (JV) company with Salcon Bhd for A$4.
Singapore firm had offered 100% higher price for Boustead’s hotel, says minister
KUALA LUMPUR (April 10): The price offered by Singapore’s Hotel Royal Ltd to acquire the Royale Chulan Bukit Bintang Hotel is almost twice the price quoted by Malaysian companies, Defence Minister Mohamad Sabu said today.
Flammable building cladding - solution hits a snag in Australia
PETALING JAYA (April 10): The 2017 Grenfell fire literally exposed the lack of compliance to building safety standards, where flammable cladding has been identified as the cause of the rapid spread of the blaze.
Utusan to transfer property, pay Nylex in dispute settlement
KUALA LUMPUR (April 9): Nylex Bhd said it has entered into an agreement with Utusan Melayu (Malaysia) Bhd for both parties to settle their legal dispute over the refund of deposits totalling RM10 million.
Inta Bina bags RM108.49m contract for Mont’Kiara affordable housing project
KUALA LUMPUR (April 9): Inta Bina Group Bhd has bagged a contract worth RM108.
Hong Leong Assurance emerges as substantial shareholder of Atrium REIT
KUALA LUMPUR (April 9): Hong Leong Assurance Bhd has emerged as a substantial unitholder of Atrium Real Estate Investment Trust (REIT).
Sunway REIT's proposed RM10b perpentual bonds more good than bad, says HLIB Research
KUALA LUMPUR (April 8): Sunway Real Estate Investment Trust (REIT)'s proposed RM10 billion perpetual note programme, which will increase the group's debt headroom without diluting earnings and distribution per unit (EPU and DPU), is a positive development, according to Hong Leong Investment Bank (HLIB) Research.
Pavilion REIT to relook Bukit Jalil mall ownership
KUALA LUMPUR (April 8): Pavilion Real Estate Investment Trust (REIT) has opted not to participate in the ownership of the under-construction Pavilion Bukit Jalil mall to avoid unwanted risks, but believes the asset will be worth reconsidering upon its completion, said its manager.
New laws to compel low-cost house holders to sell back to govt
GEORGE TOWN (April 5): Penang is serious in putting a stop to the reselling of its low-cost (LC) and low medium-cost (LMC) houses in the open market, and is in the midst of drafting new laws to that effect.
‘Use non-linear data to respond to financing needs of low-income clients’
KUALA LUMPUR (April 4): Banks and other financing institutions should look at non-linear data to better respond to the financing needs of low-income customers.
