Axis REIT provides RM7m impairment as tenant Yongnam defaults on rental
Axis acquired the property in 2014 for RM153.
Pegasus Heights venturing into moneylending business, proposes 86% capital reduction
As a new entrant in the moneylending business, PHB said it will develop its customer base gradually by providing flexible financing schemes to cater for a broader range of customers.
SOHO Suites 2 of Astrum Ampang opens for sale
SOHO Suites 2 will consist of 664 units with built-ups from 450 sq ft, priced from RM472,000 each.
AIMS Group to collaborate with Gamuda to build second data centre in Cyberjaya
AIMS Cyberjaya Block 2 is a turnkey project featuring a purpose-built data centre with improved efficiency and building structure, and a total IT load of 8MW.
Setia Alamsari unveils Aderyn terrace starter homes
Built within a guarded community, Aderyn homes have a land size of 1,300 sq ft, withbuilt-ups ranging from 1,685 sq ft to 1,938 sq ft and are designed to have a north-south orientation.
Auditors raise doubts over Eversendai’s ability to continue as a going concern
Messrs Baker Tilly Monteiro Heng PLT highlighted that the group incurred a net loss of RM366.
YKGI Holdings seeks to diversify into construction, property development
ADSB has secured RM17 million of orders for its construction business, and submitted tender applications and quotations for construction works amounting to RM6.
Advance Opportunities Fund 1 ceases to be Impiana Hotels' substantial shareholder
Advance Opportunities Fund ceased to be a substantial shareholder of Impiana on April 14 after selling 21.
Winners and losers of Bank Negara’s latest OPR rate hike to 3%
According to Hong Leong Investment Bank (HLIB), banks, in particular Alliance Bank Malaysia Bhd and Bank Islam Malaysia Bhd (BIMB), are expected to benefit from the OPR hike as it would help alleviate some pressure off Net interest margins (NIM) in 2Q2023.
OPR to remain on hold at 3% for the rest of 2023, Fitch Solutions says
In a report on Thursday (May 4), BMI, a Fitch Solutions company, said that as inflation continues to moderate domestically, "we believe BNM will increasingly turn its focus to supporting growth over the coming months".
