MBSB pledges no layoffs as shareholders green-light AFB buy

KUALA LUMPUR (Jan 23): Malaysia Building Society Bhd (MBSB), which has secured its shareholders nod for its proposed acquisition of Asian Finance Bank Bhd (AFB) at an extraordinary general meeting and court convened meeting today, says there would be no staff layoffs, "except for one or two management staff".

READ MORE

Property managers will now be regulated under BOVAEP

KUALA LUMPUR (Jan 11): With the amendment to the Valuers, Appraisers, Estate Agents and Property Managers Act 1981 that was passed on Oct 17, 2017 and gazetted Jan 2, 2018, property managers are now required to register themselves with the Board of Valuers, Appraisers, Estate Agents and Property Managers (BOVAEP).

READ MORE

MQREIT to dispose of property for RM28 million

KUALA LUMPUR (Jan 8): MRCB-Quill REIT (MQREIT) has announced that Maybank Trustees Bhd — as a trustee for and on behalf of MQREIT — has signed a sale and purchase agreement with Transmark Corporation Sdn Bhd for the disposal of a warehouse-cum-office building for RM28 million cash.

READ MORE