MQREIT: No plans to go into property development yet

KUALA LUMPUR (Dec 8): MRCB Quill Management Sdn Bhd, the manager of MRCB-Quill Real Estate Investment Trust (MQREIT), says it has no plans to embark on property development activities as yet, despite the proposed liberalisation of the REIT guidelines by the Securities Commission Malaysia (SC) in July.

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MQREIT will look into potential of acquiring Menara Celcom in PJ

KUALA LUMPUR (Dec 7): MRCB Quill Management Sdn Bhd, the manager of MRCB-Quill Real Estate Investment Trust (MQREIT) said it is open to acquiring new assets in the future and will look into the potential of injecting Menara Celcom in Petaling Jaya from one of its sponsors, Malaysian Resources Corp Bhd (MRCB).

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MBSB CEO keeps mum about MBSB-AFB merger

KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) president and chief executive officer (CEO) Datuk Ahmad Zaini Othman (pictured) kept mum about questions yesterday about the potential merger and acquisition (M&A) of MBSB with Asian Finance Bank (AFB), saying only it is now a shareholder matter.

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Oakwood Hotel & Residence Kuala Lumpur targets 70% occupancy rate

KUALA LUMPUR (Nov 10): Malaysia’s first Oakwood hotel and residence, Oakwood KL, — formerly the Nomad SuCasa Hotel — is eyeing to achieve an average occupancy rate of 70%  backed by strong demand from business and leisure travellers, according to Oakwood Hotel & Residence Kuala Lumpur director of sales and marketing Kenny Goh (pictured).

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