Array of deals for homebuyers amid downturn
The current property market downturn in Malaysia has pushed property developers to offer myriad attractive packages, freebies and even financial assistance to lure purchasers.
REHDA: Incentives under Penjana aimed at easing homeownership
PETALING JAYA (June 5): The Real Estate and Housing Developers’ Association (REHDA) Malaysia is confident that the incentives to stimulate the property market under the Penjana Short-term Economic Recovery Plan (ERP) could help alleviate the financial burden on homebuyers and ultimately contribute to economic growth.
EcoWorld unit buys Iskandar Puteri land for RM304.92m for mixed development
KUALA LUMPUR (Dec 16): Eco World Development Group Bhd (EcoWorld) subsidiary Melia Spring Sdn Bhd has entered into a developmental agreement with Permodalan Darul Ta'zim Sdn Bhd (PDT) and a sale and purchase agreement (SPA) with River Retreat Sdn Bhd (RRSB) on Dec 15.
Malaysia Airlines inks wide-ranging partnership agreement with Singapore Airlines
KUALA LUMPUR (Oct 30): Malaysia Airlines Bhd (MAB) has inked a wide-ranging commercial agreement with Singapore Airlines (SIA) to share revenue on flights between Singapore and Malaysia, expand codeshare routes and participate in joint marketing activities to develop tourism.
Gagasan Nadi Cergas to buy hostel asset concessionaire for RM158m
KUALA LUMPUR (Oct 29): Gagasan Nadi Cergas Bhd announced today that it plans to acquire polytechnic hostel asset concessionaire Konsortium PAE Sepakat Sdn Bhd (KPS) for RM158 million, cash.
Sinotop scraps deal with Justin Soo for construction firm buy
KUALA LUMPUR (Sept 30): Sinotop Holdings Bhd has today terminated its agreement with executive director and major shareholder Datuk Justin Soo Sze Ching for the fabric manufacturer's planned acquisition of builder Asianmax Corp Sdn Bhd under a cash and share deal worth RM96 million.
Putrajaya to propose revised water tariff to Singapore: Report
KUALA LUMPUR (Sept 20): Putrajaya will soon propose a revised price for raw water sales to the Republic of Singapore.
No two-thirds majority for Bill to make Sabah, Sarawak equal partners
KUALA LUMPUR (April 10): The Federal Government has failed to get the nod from the Dewan Rakyat for the Constitution (Amendment) Bill 2019, which sought to restore the status of Sabah and Sarawak as equal partners with Peninsular Malaysia as enshrined in the Malaysia Agreement 1963 (MA63).
Agong commits to protect wellbeing of rural people, indigenous Malaysians
KUALA LUMPUR (March 11): Yang di-Pertuan Agong Al-Sultan Abdullah Ri'ayatuddin Al-Mustafa Billah Shah has pledged that the government will continue to improve the wellbeing of the rural population, the indigenous peoples of Sabah and Sarawak, as well as the Orang Asli community through a comprehensive approach.
Airbnb to collect and remit tourist tax on behalf of host and guest
KUALA LUMPUR (Nov 26): Airbnb and local authorities are discussing the implementation of Voluntary Collection Agreements (VCAs) which will enable the platform to collect and remit tourist tax on behalf of its hosts and guests in Malaysia.
