Matrix Concepts 1Q net profit down, declares dividend
KUALA LUMPUR (Aug 24): Matrix Concepts Holdings Bhd's net profit dropped 12% to RM45.
MBSB 2Q net profit up 45% on higher income, investment activities
KUALA LUMPUR (Aug 22): Malaysia Building Society Bhd's (MBSB) net profit climbed 44.
Bank Negara Malaysia seen maintaining OPR on 2Q GDP growth — analysts
KUALA LUMPUR (Aug 21): CIMB Investment Bank Bhd and Public Investment Bank Bhd said Bank Negara Malaysia is expected to maintain the Overnight Policy Rate (OPR) at 3% until end of 2017, after Malaysia reported second quarter (2Q17)economic growth at 5.
MBSB active, gains 3.94% on getting nod to acquire AFB
KUALA LUMPUR (Aug 21): Malaysia Building Society Bhd (MBSB) rose 3.
Ascott Residence Trust completes acquisition of Doubletree by Hilton New York-Times Square South
SINGAPORE (Aug 17): The manager of Ascott Residence Trust (ART), Ascott Residence Trust Management, says the real estate investment trust’s purchase of DoubleTree by Hilton New York-Times Square South in New York is now completed, theedgesingapore.
Maybank is open to financing property development projects
KUALA LUMPUR (Aug 17): Despite the grouses of property developers having difficulties in getting financing for their development projects, Malayan Banking Bhd (Maybank) said it is open to financing property projects provided they are feasible.
Eversendai proposes placement to raise up to RM75.8 mil
KUALA LUMPUR (Aug 16): Eversendai Corp Bhd has proposed to place out new shares to Macquarie Bank Ltd to raise up to RM75.
Cagamas issues RM410 mil bonds
KUALA LUMPUR (Aug 7): Cagamas Bhd is issuing RM410 million worth of conventional and Islamic bonds to raise funds, which will fund its housing loan purchases from the Malaysian financial system.
Developers’ shrinking unbilled sales not quite a concern
KUALA LUMPUR (July 31): The contraction in unbilled sales in the past one year may not pose that much of a concern to property developers’ earnings.
