RHB Bank wants to wind up MP Corp
KUALA LUMPUR (Feb 21): Malaysia Pacific Corp Bhd (MP Corp), a Practice Note 17 (PN17) company, has been served with a winding-up petition by RHB Bank Bhd, demanding repayment of debt totalling RM118.
Bina Darulaman posts first loss-making year since 1998
KUALA LUMPUR (Feb 20): A slash in revenue caused Bina Darulaman Bhd (BDB) to deliver a loss of RM10.
Flats in Terengganu upgraded via 1Malaysia Maintenance Fund
KUALA TERENGGANU (Feb 20): The Ministry of Urban Wellbeing, Housing and Local Government has approved the allocation of RM11 million for the upgrading of 17 medium-low and low cost flats in Terengganu since 2014 until last year.
Can’t afford a home? Turn to the sub-sale market
PETALING JAYA (Feb 19): As property prices increasingly escalate beyond the reach of many would-be homebuyers — as corroborated by Bank Negara Malaysia’s (BNM) latest quarterly bulletin — some experts have advised them to turn their sights to the secondary market, where homes in Kuala Lumpur priced up to RM200,000 are still available.
Pavilion’s Desmond Lim eyes Subang Skypark, say sources
PETALING JAYA (Feb 19): Property magnate Tan Sri Desmond Lim is allegedly planning to buy a 60% stake in Subang Skypark Sdn Bhd from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for an undisclosed sum, with intentions to redevelop the land surrounding Sultan Abdul Aziz Shah Airport in Subang, where the company has a long sub-lease concession agreement with Malaysia Airports Holdings Bhd (MAHB) to operate its city airport terminal and integrated commercial and business aviation hub, reported The Edge weekly.
Gaining by giving
Where can you find a retreat which can lift your self-esteem, enhance your mood and help rediscover your life purpose? Perhaps at The Shorea.
Bank Negara: OPR adjustment reflects normalisation, not tightening
KUALA LUMPUR (Feb 14): The overnight policy rate (OPR) adjustment reflects a normalisation of key interest rates and is not meant to be a tightening of monetary conditions, Bank Negara Malaysia (BNM) said today.
Weida doubles net profit in 3Q on higher revenue, lower overheads
KUALA LUMPUR (Feb 14): Weida (M) Bhd more than doubled its net profit in the third quarter ended Dec 31, 2017 (3QFY18) to RM8.
Seacera to participate in RM338m project
KUALA LUMPUR (Feb 14): Tile maker and property and construction group Seacera Group Bhd is buying a 70% controlling stake in builder Teras Sari Resources Sdn Bhd, which is undertaking a RM338.
'Homeownership is not for everyone'
KUALA LUMPUR (Feb 13): While many Malaysians are complaining that property prices have gone beyond affordability, World Bank director of urban development Dr Sameh Naguib Wahba Tadros, however, points out that homeownership is not meant for all.
