Gabungan AQRS eyes return to profit in FY16
KUALA LUMPUR (June 2): Gabungan AQRS Bhd, which slipped to a net loss of RM9.
‘Higher funding costs prompt banks to revise BR, BLR rates’
KUALA LUMPUR (June 2): Higher costs of funding prompted some banks to raise their base rates (BR) and base lending rates (BLR) recently, the first time since January 2015, when the BLR structure was replaced with a new BR system.
Aset Kayamas obtains RM425m bridging loan from MBSB
KUALA LUMPUR (June 1): Aset Kayamas Sdn Bhd, a privately held property developer, has obtained a RM425 million bridging loan from Malaysia Building Society Bhd (MBSB) for its Park Hill Residence and 1Malaysia Civil Servants Housing (PPA1M) projects in Bukit Jalil here.
UOL to expand Malaysian hospitality portfolio
SINGAPORE-listed property firm UOL Group Ltd, which owns and operates the Parkroyal and Pan Pacific brands, will see its hospitality portfolio in Malaysia grow in the next two to three years as it adds two new hotels and expands an existing hotel asset in Kuala Lumpur.
Gamuda Land gearing up for 661 Chapel St sales event
GAMUDA Land’s first Australian project in Melbourne — 661 Chapel St — has recorded a take-up rate of 30% since its launch in Kuala Lumpur in June last year.
PROPERTY SNAPSHOT 4: What’s hot in Bukit Jalil?
• Today, we look at price growth and indicative rental yields for non-landed homes in Bukit Jalil, Kuala Lumpur.
Matrix Concepts expects Aussie project to be fully taken up by end-Aug
SEREMBAN (June 1): Matrix Concepts Holdings Bhd is confident its M.
AZRB: Environmentalists’ protests against EKVE has not hindered construction work
KUALA LUMPUR (June 1): Protests by environmental groups against the East Klang Valley Expressway (EKVE) project have not disrupted the construction work which is progressing according to schedule, said the project’s concessionaire Ahmad Zaki Resources Bhd (AZRB).
UOA inks MoU with China hospitality company
PETALING JAYA (June 1): UOA Hospitality Sdn Bhd (UOA Hospitality), a unit of UOA Development Bhd, has inked a memorandum of understanding (MoU) with Hubei Chutian Media & Hotel Investment Management Co Ltd (Hubei Chutian) for a long-term partnership that involves resource sharing, complementary advantages and exploration of new markets, UOA Hospitality announced in a media statement today.
MFR Capital invests in 40 units in Harbour City Resort Suites project
KUALA LUMPUR (June 1): Investment and asset management company MFR Capital Sdn Bhd has purchased a whole floor in Hatten Group's Harbour City Resort Suites project in Melaka comprising 40 units for RM24 million, said Hatten Group head of marketing and sales division Cassandra Tio.
