News about es

KUALA LUMPUR (April 27): OCR Group Bhd has entered into a share sale agreement with Singaporean Choo Peng Hung to dispose its entire equity stake of 100% in Takaso Industries Pte Ltd (TIPL) for RM4.

KUALA LUMPUR (April 27): Given a trend of subdued core inflation, Bank Negara Malaysia’s next interest rate hike will likely occur only in the first quarter of 2019 (1Q19), and the hiking cycle will be very gradual, according to a projection by HSBC Global Research.

SINGAPORE (April 25): New York-based co-working operator WeWork announced on April 24 that it will be entering the Indonesian market with the opening of two co-working offices by 3Q2018.

KUALA LUMPUR (April 25): Property developer UEM Sunrise Bhd expects to hand over the keys to buyers of its Residensi Sefina Mont’Kiara condominium development in Mont’Kiara here, which has a gross development value of RM307 million, by June next year.

KUALA LUMPUR (April 25): Sarawak Consolidated Industries Bhd has terminated its share sale agreement (SSA) to acquire an industrialised building system (IBS) factory owner and operator Carlton Gardens Sdn Bhd for RM9.

KUALA LUMPUR (April 24): The liberalisation in the permissible list of activities provides alternative growth opportunities to Malaysian Real Estate Investment Trusts (M-REITs) in the areas of acquiring vacant land to undertake property development activities, acquisition of assets with provision of income support and investments through private leases, said the Malaysian REIT Managers Association (MRMA).

KUALA LUMPUR (April 24): Mega rail projects in the country is not a threat to the local airline sector.

KUALA LUMPUR (April 24): Gadang Holdings Bhd expects its current financial year ending May 31, 2018, to end on a weaker note from the previous year, due to what it termed "sluggish market condition" of the property sector.

KUALA LUMPUR (April 23): GuocoLand (Malaysia) Bhd reported an almost six-fold increase in its net profit to RM55.

KUALA LUMPUR (April 23): KWEST Sdn Bhd, the property arm of Retirement Fund Inc (KWAP), will serve as a platform for the fund to invest in local property development projects, Bernama reported.