Kerjaya Prospek’s 2Q earnings up 10% on record quarterly revenue
In a bourse filing on Friday (Aug 18), Kerjaya Prospek said its revenue grew 11.
Genting’s Resorts World Sentosa set to benefit from return of Chinese travellers — report
In a report on Thursday (Aug 17), Inside Asian Gaming magazine cited analysts as saying that the influx of Chinese tourists bodes well for Singapore’s two integrated resorts — Marina Bay Sands and RWS — after each booked strong financial results for the June 2023 quarter.
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Plenitude buys second hotel in Seoul for RM114 mil
The company said its first hotel in that country, Travelodge Myeongdong Euljiro, has been registering an occupancy rate of above 80% and an average daily rate of more than 90,000 won (RM320) since January.
Puncak Niaga to sell three plots of land in Ijok at a loss for RM306 mil cash
The group is expected to record a net loss of about RM22.
Perak Corp, private firm ARX-YSC to jointly develop land in Perak four years after JV agreement
In a filing with Bursa Malaysia on Thursday (Aug 17), Perak Corp said it had on Wednesday entered into a supplemental agreement to the JVA entered into on Sept 10, 2019 with ARX-YSC to vary certain terms of the JV.
Rehda suggests banks consider cross-subsidising housing loans to B40 community
Datuk NK Tong: Just as developers have cross-subsidised affordable housing, perhaps financial institutions can be encouraged to look at cross subsidies to help finance affordable housing or set up a special fund or quota to give home loans to borrowers in lower income categories (B40 group).
Rehda survey shows property market gradually returning to normalcy
While developers are currently maintaining a neutral view on the business, economic and property industry outlook for the coming year, there is increased optimism anticipated for 1H2024.
Hextar Technologies, SWS Capital mutually agree to terminate land deal
The mutual termination was due to the inability of SWS Capital Bhd's wholly-owned unit, SWS In Medics Sdn Bhd’s (SIMSB), to fulfill the conditions precedent to obtain a loan from the financier to acquire the properties.
LFE Corp teams up with landowner to jointly develop housing project in Kedah
In a bourse filing, the group said its 60%-owned subsidiary LFE Development Sdn Bhd (LDSB) inked the joint venture agreement (JVA) with the owner of the land, Aziho Trading Sdn Bhd (ATSB), for the development of the project known as Taman Residensi Mesra Phase Four.
Country Heights defaults on RM89.67 million payment for Islamic financing facilities
Country Heights attributed the default to differences in cash flow timing due to delays in client payments, resulting in a temporary cash flow constraint.
