Pasdec major shareholder fails in takeover bid due to insufficient acceptance level
KUALA LUMPUR (Aug 15): Major shareholder Datuk Seri Tew Kim Thin has failed in his bid to take over Pasdec Holdings Bhd via his private vehicle Jasa Imani Sdn Bhd.
Gabungan AQRS bags RM115m facility to finance E-Island project
KUALA LUMPUR (Aug 14): Gabungan AQRS Bhd’s wholly-owned unit, AQRS The Building Company Sdn Bhd (AQRS TBC), has secured a fresh RM115 million Islamic banking facility from Maybank Islamic Bank Bhd to part finance the construction of its E-Island Residence development.
Johor MB: Umno building occupancy illegal, they should vacate
KOTA ISKANDAR (August 14): Johor Mentri Besar Datuk Osman Sapian said the land of the Jalan Segget Umno building belongs to the Johor Bahru City Council (MBJB).
Will the SST will bring down property prices? Experts weigh in
PETALING JAYA (Aug 14): The Sales and Services Tax (SST) which will take effect next month will not be applied to building materials – namely bricks, cement and sand – and construction services, a move that Finance Minister Lim Guan Eng said will hopefully address property affordability issues hindering home ownership in Malaysia.
YTL REIT buys Japanese ski resort for RM222.5m
KUALA LUMPUR (Aug 14): YTL Hospitality REIT's (YTL REIT) unit Starhill REIT Niseko G.
Pavilion REIT to participate in ownership of Pavilion Bukit Jalil mall
KUALA LUMPUR (Aug 14): Malton Bhd said Pavilion Real Estate Investment Trust (REIT) has agreed to participate in the ownership of its ongoing shopping mall development called Pavilion Bukit Jalil located in Bukit Jalil City here.
Dr Mahathir aims to scrap China deals — report
KUALA LUMPUR (Aug 14): Malaysia is looking to cancel multibillion-dollar Chinese-backed infrastructure projects signed by the previous scandal-tainted government as it digs itself out of debt, Prime Minister Tun Dr Mahathir Mohamad told The Associated Press (AP) in an interview.
*UPDATE* Govt needs RM400bn revenue from tolls, says Works Minister
PETALING JAYA (Aug 13): It looks like the tolls will be here to stay for a while as the government needs the RM400 billion in revenue, said Works Minister Baru Bian.
SST waiver on construction materials, services alone won't bring down home prices
KUALA LUMPUR (Aug 13): While some building materials will be exempted from the soon-to-be implemented Sales and Services Tax (SST), house prices may not come down due to the increase in other cost components, said Housing and Local Government (KPKT) Deputy Minister Datuk Raja Kamarul Bahrin Shah.
Sunway REIT FY18 core net profit in line on better retail, hotel ops
Sunway Real Estate Investment Trust (Aug 10, RM1.
