Cross default unlikely in Genting group as Genting HK suspends payments to lenders
KUALA LUMPUR (Aug 21): News on Genting Hong Kong Ltd (Gent HK) opting to suspend payments to all creditors to preserve cash is expected to trigger a knee-jerk reaction to the share prices of its sister companies — Genting Bhd and Genting Malaysia Bhd (GENTM) on Bursa Malaysia, although the duo do not hold any equity stake in the Hong Kong-listed cruise operator.
PREC working with tenants to bring retail business online
SHAH ALAM: While many are saying traditional mom and pop stores will soon become history, PKNS Real Estate Sdn Bhd (PREC) is working hard to help the conventional retailers to start their online shops to generate more business.
Proposed Residential Tenancy Act: Putting an end to tenancy woes?
The National House Buyers Association (HBA) refers to recent media reports where Housing and Local Government Minister Zuraida Kamaruddin has proposed to introduce a Residential Tenancy Act (RTA) which is to be tabled in Parliament next year.
KAJANG: A mature and vibrant address
Kajang is more than just a satay and hot pepper soup town.
Tropicana Corp 2Q profit rises after disposal of JB land
KUALA LUMPUR (Aug 20): Tropicana Corp Bhd’s second quarter net profit jumped 371% from the immediate preceding quarter, thanks to the disposal of two parcels of freehold land in Johor Bahru for RM248.
DONE DEAL: Bungalow, Taman Shanghai, Old Klang Road, KL
Sold for: RM4 million (RM417 psf against land size) Concluded by: Neville Peter Massang (REN 24547) (012-201 9216) of I-Prop Realty (USJ) Sdn Bhd When: May 2020 Noteworthy: ● Freehold ● Land size: 9,583 sq ft; Built-up size: 4,094 sq ft ● 6 bedrooms; 5 bathrooms ● Partly furnished with ceiling fans, lightings, curtains, kitchen cabinets and wardrobes.
Malaysia's new Covid-19 cases rise to 16, mostly from Tawar and Sala clusters
KUALA LUMPUR (Aug 19): New Covid-19 cases in Malaysia rose to 16 — from seven reported yesterday — with the majority of them coming from the Sala and Tawar clusters that originated in Kedah.
CIMB and Berjaya Sompo offer new Secure Home online insurance plan
KUALA LUMPUR (Aug 19): CIMB Bank Bhd has collaborated with Berjaya Sompo Insurance Bhd to introduce an online all-risk protection insurance plan called Secure Home.
Turiya gets UMA query over sharp rise in share price, trading volume
KUALA LUMPUR (Aug 19): Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query today to Turiya Bhd on the company’s sharp rise in share price and trading volume recently.
