LBS unveils Prestige Residence in Seri Kembangan
PETALING JAYA (Oct 11): Property Developer LBS Bina Group Bhd has unveiled Prestige Residence with a gross development value of RM301 million in Seri Kembangan, Selangor.
Banks have submitted a counter proposal to the govt's interest waiver plan, say sources
KUALA LUMPUR (Oct 8): Banks have come up with a counter proposal to the government's interest waiver plan, and some banking sources say it has been submitted to the authorities.
79 abandoned housing projects currently, says Reezal Merican
KUALA LUMPUR (Oct 7): Among the leading causes of abandoned projects in Peninsular Malaysia are weak financial positions of developers involved and weak project viability, said Housing and Local Government (KPKT) Minister Datuk Seri Reezal Merican Naina Merican (pictured).
Furniture maker Federal International mulls special dividend from proposed land sale proceeds
KUALA LUMPUR (Oct 5): Furniture maker Federal International Holdings Bhd (FIHB) is selling an approximately two-hectare (20,044 square meter) leasehold land, on which an office and a furniture factory are built, in Banting, Selangor to Filtermation (Mfg) Sdn Bhd (FMSB) for RM24.
SC Estate Builder inks MoU to acquire land from Kedah royalty for 100MW solar power plant or ESG project
KUALA LUMPUR (Oct 5): SC Estate Builder Bhd on Tuesday inked a memorandum of understanding (MoU) with Kedah royalty to acquire a piece of land measuring 104.
LBS: Planning ahead, staying ahead
It was during an ordinary family dinner time, Tan Sri Lim Hock San recalls, when he expressed his intention to retire from the managing director position of the public-listed LBS Bina Group Bhd.
Malaysia’s household debt-to-GDP ratio improves to 89.6% at end-June
KUALA LUMPUR (Sept 29): Malaysia’s overall household debt-to-gross domestic product (GDP) ratio improved to 89.
First-time buyers continued to support house prices in 1H21 — BNM
KUALA LUMPUR (Sept 29): First-time buyers of affordable residential property continued to support house prices in Malaysia in the first half of 2021 (1H21) despite the housing market reversing improvements observed in 2H20 as the effects of the positive response to various homeownership incentives introduced by the government subsided.
Over 10,000 bankruptcies and 1,200 companies forced to wind down during pandemic, says PM
KUALA LUMPUR (Sept 27): Malaysia saw 1,246 companies forced to wind down while 10,317 individuals registered for bankruptcy throughout the Covid-19 pandemic from March 2020 to July 2021, Prime Minister Datuk Seri Ismail Sabri Yaakob said.
BNM launches Malaysia Overnight Rate as new alternative reference rate in M'sia
KUALA LUMPUR (Sept 24): Bank Negara Malaysia (BNM) has launched the Malaysia Overnight Rate (MYOR) as the new alternative reference rate (ARR) for Malaysia, as part of a transition to transaction-based rates.
