Suncon 3Q net profit up 11% on construction segment boost
KUALA LUMPUR (Nov 20): Sunway Construction Group Bhd (SunCon), the country's largest pure-play construction group, saw its net profit rise 11.
A debatable freeze
KUALA LUMPUR (Nov 21): Freezing approvals for applications to build shopping malls, offices, serviced apartments and luxury condominiums, which came into effect on Nov 1, will artificially push supply into a certain market, some property developers argue.
Too premature to ascertain luxury development freeze on JV projects — SD Property
KUALA LUMPUR (Nov 20): Sime Darby Property Bhd, which would be listed on Nov 30, said it will evaluate the effects of newly-announced federal government freeze on luxury properties, on its joint-venture projects.
Sime Darby to review investment-grade rating after demerger exercise
KUALA LUMPUR (Nov 20): Sime Darby Bhd will review its investment-grade rating after spinning off its cash-generating plantation and property units, which will be separately listed on Bursa Malaysia on Nov 30.
CIMB: Malaysia's move to freeze luxury property project approval 'positive'
KUALA LUMPUR (Nov 20): CIMB Investment Bank Bhd said Malaysia's move to freeze approvals for development of shopping complexes, offices, serviced apartments and luxury condominiums priced over RM1 million here, will address the oversupply situation in the country's property market.
Rate hike to come on the back of a stronger ringgit
KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.
‘Brace for rate hikes next year’
KUALA LUMPUR (Nov 20): As the Malaysian economy put its foot on the gas pedal in the third quarter of the year, the strong growth has given the central bank more flexibility to adjust interest rates.
UPDATE: Jalan Medang Tanduk reopens following landslide
PETALING JAYA (Nov 19): Jalan Medang Tanduk at Bukit Bandaraya, Bangsar, has reopened following a landslide caused by a slope retaining wall collapsing at 11.
Jalan Medang Tanduk in Bangsar closed after retaining wall collapses
PETALING JAYA (Nov 19): Jalan Medang Tanduk at Bukit Bandaraya, Bangsar, will be closed for the foreseeable future after a hillslope retaining wall collapsed at 11.
Cabinet orders DBKL to halt approvals for four types of developments
PETALING JAYA (Nov 18): The Cabinet has directed Dewan Bandaraya Kuala Lumpur (DBKL) to freeze approvals for four types of developments following a study by Bank Negara Malaysia (BNM) that raised the alarm on a glut in these buildings.
