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.
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.
KUALA LUMPUR (April 9): Inta Bina Group Bhd has bagged a contract worth RM108.
KUALA LUMPUR (April 9): Hong Leong Assurance Bhd has emerged as a substantial unitholder of Atrium Real Estate Investment Trust (REIT).
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.
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.
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.
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.
KUALA LUMPUR (April 4): Malaysia will need an integrated property database that could serve as a launch pad for future policy direction and actions by both the government and private sector players.
KUALA LUMPUR (April 4): Datuk Seri Amrin Awaluddin, the current chief executive officer (CEO) of Sime Darby Property Bhd, is going to fill the group managing director’s (MD) position at Boustead Holdings Bhd, according to sources.
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