AEON BiG getting smaller
MORE than four years after Japanese retailer AEON Co Ltd took over France-based Carrefour’s loss-making business in Malaysia, it is still struggling to improve its bottom line.
Ho Hup's 4Q net profit down 52.4% on higher operating cost
KUALA LUMPUR (Feb 20): Ho Hup Construction Co Bhd's net profit fell 52.
Hua Yang launches first phase of Bandar University Seri Iskandar
PERAK (Feb 20): Hua Yang has launched the first phase of Bandar University Seri Iskandar (BUSI), Perak.
Eco World International Bhd signs three key IPO deals
KUALA LUMPUR (Feb 20): Eco World International Bhd (EWI), which is seeking a listing on Bursa Malaysia's Main Market, has signed three key agreements with GuocoLand Ltd (GuocoLand), the Employees Provident Fund (EPF), Permodalan Nasional Bhd (PNB) and six banks for its initial public offering (IPO) exercise.
More affordable resale HDBs for first-time applicants
SINGAPORE (Feb 20): Finance Minister Heng Swee Keat announced, with immediate effect, in his Budget statement today that the CPF housing grant has been raised to S$50,000 (RM157,144) for first-timer couples buying four-room or smaller HDB flats from the resale market.
EcoWorld sees property mart improving, confident of RM4 bil sales this year
SHAH ALAM (Feb 20): Premier lifestyle developer Eco World Development Group Bhd (EcoWorld) is optimistic about the overall property market this year, which it expects to improve, partly anchored by factors that include low interest environment and positive buying sentiment.
Residensi22 Mont’Kiara to see completion in end-2017
PETALING JAYA (Feb 20): Property developer UEM Sunrise Bhd has completed the topping out for its high-rise condominium development, the Residensi22 Mont’Kiara project on Feb 18, and is on track for completion at the end of this year.
CapitaLand on the rise with Japan acquisitions
SINGAPORE (Feb 20): CIMB Securities is reiterating its “add” recommendation on CapitaLand with an unchanged price target of S$4.
MyHSR Corp launches strategic development framework along KL-Singapore HSR corridor
KUALA LUMPUR (Feb 20): MyHSR Corp Sdn Bhd has launched a strategic development framework (SDF) to outline socioeconomic development direction along the 350km Kuala Lumpur Singapore High Speed Rail (HSR) corridor.
Bukit Kiara Properties to shorten payment period for contractors
PETALING JAYA (Feb 20): There may be a slowdown in the property market but niche developer Bukit Kiara Properties Sdn Bhd (BKP) has recently announced that the processing of their contractors’ payments would be changed from once a month to every two weeks.
