News about ar

KUALA LUMPUR (April 20): AllianceDBS Research reported on April 17 that the Eco World Development Group Bhd (ECW) announced that it had received a letter of award (LOA) from the Penang Development Corporation (PDC) for the proposed acquisition of 299.

KUALA LUMPUR (April 17): Naim Indah Corporation Bhd is in talks to develop a 32-floor office tower with a gross development value of US$120 million in Yangon, Myanmar, via a joint venture.

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT), the country’s first retail-focused REIT, will rely on organic revenue growth via its asset enhancement initiative (AEI) for its financial year ending December (FY15).

KUALA LUMPUR (April 17): Eco World Development Group Bhd is strengthening its hold up north with the proposed development of the Eco Marina development on Batu Kawan island in Seberang Perai in mainland Penang.

KUALA LUMPUR (April 16): Former executive director (ED) of Perdana Parkcity Sdn Bhd which is the developer of the Desa ParkCity project in Kuala Lumpur, Phan Yoke Seng, has joined Berjaya Land Bhd (Bland) as an executive director.

KUALA LUMPUR (April 16): While keeping mum on speculation about a merger between Malaysia Building Society Bhd (MBSB) and Bank Islam Malaysia Bhd, MBSB president and chief executive officer Datuk Ahmad Zaini Othman said a merger with an Islamic financial institution is still on the cards, possibly within this or next year.

KUALA LUMPUR (April 15): Property developer Mah Sing Group was honoured with the 2015 Frost & Sullivan Excellence in Growth Building Construction Industry Award at the 2015 Malaysia Excellence Awards banquet held at Mandarin Oriental yesterday.

KUALA LUMPUR (April 14): In a note today, Maybank IB Research said property transactions in Johor had plummeted 33% q-o-q in 4Q14, underperforming the country (-7%) and other major cities/states such as Kuala Lumpur (-12%), Selangor (+2%) and Penang (+8%).

KUALA LUMPUR (April 14): Sunsuria is enlarging its effective landbank on hand from 4.

KUALA LUMPUR (April 14): Property developer Ken Holdings Bhd hopes to kick-start its mixed development in Kelantan which has a potential gross development value (GDV) of RM80 million, by the end of this year, said executive chairman Datuk Kenny B K Tan.