News about facility

The purpose of the facility is to finance the construction of Stage 1 of Norwest Quarter, a mixed use residential apartment development in Norwest, Australia, said the group in a bourse filing on Tuesday (May 2).

EPF Account 2 recently became a hot topic after Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim said last month that the government is considering using EPF savings as collateral for emergency loans, after the opposition repeatedly called for more EPF withdrawals to be allowed.

MBSB, in a statement on Thursday (April 6), said its shariah-compliant facility Ihsan-i will be offered to EPF members who are between 40 and 55 years of age, with a minimum of RM3,000 in their Account 2 and EPF i-Account holders, beginning April 7, 2023.

Landmarks said it is of the view that there will be no material impact to its business, both financially and operationally, in view that it has no other outstanding loans or facilities with any other banks or financial institutions.

KUALA LUMPUR (June 16): Kelington Group Bhd (KGB) has secured a contract worth RM114 million to build a semiconductor manufacturing building.

SINGAPORE (Feb 16): Mapletree Logistics Trust (MLT), Singapore-based logistic REIT, has announced its plan to buy two industrial land parcels in Subang Jaya, Selangor for a price of RM65.

PETALING JAYA (Sept 4): The investment arm of the Selangor government, Invest Selangor Bhd, is eyeing 1,000 acres of land in the state to host aircraft manufacturer Airbus’ first aircraft teardown facility in Southeast Asia, according to a report by The Edge Malaysia.

KUALA LUMPUR (Aug 20): Civil engineering and infrastructure group Advancecon Holdings Bhd’s indirect wholly-owned subsidiary LSS TPG Sdn Bhd has signed a 21-year power purchase agreement (PPA) with Tenaga Nasional Bhd (TNB) to build and operate a solar photovoltaic (PV) energy-generating facility.

PETALING JAYA (April 10): The new norm has become the norm, and property managers need to step up their game in embracing technology usage to meet expectations and stay relevant and competitive in the near future, said Malaysian Institute of Property and Facility Managers (MIPFM) president Adzman Shah.

PETALING JAYA (March 12): Gamuda Land has signed a memorandum of understanding (MoU) with 3Q Equestrian Centre (3Q Equestrian) to encourage more outdoor activities.