MRCB up after option period extended
KUALA LUMPUR (July 6): Malaysian Resources Corp Bhd (MRCB) rose as much as 11 sen or 8% after the builder and property developer extended the option period to buy Nusa Gapurna Development Sdn Bhd's assets.
PRG mulls JV with Singapore O&G firm for property, construction jobs
KUALA LUMPUR (July 6): PRG Holdings Bhd is going to explore the possibility of partnering with Singapore-listed oil and gas (O&G) firm Mirach Energy Ltd to undertake property and construction projects in Malaysia and elsewhere.
RFP for Bandar Malaysia opens today
KUALA LUMPUR (July 5): The request for proposal (RFP) for the appointment of the master developer for the RM12.
IWCity says restructuring deadline extended
KUALA LUMPUR (July 5): Iskandar Waterfront City Bhd (IWCity) and Iskandar Waterfront Holdings Sdn Bhd (IWH) extended the deadline to conclude their planned restructuring to Sept 4 this year, as IWH needed more time to finalise talks on the corporate exercise.
Bina Puri's Indonesian power unit debuts 70% higher on IDX
JAKARTA (July 5): Construction and property development player Bina Puri Holdings Bhd saw its 80%-owned Indonesian power subsidiary PT Megapower Makmur Tbk opening 70% higher from its offer price on its Indonesia Stock Exchange (IDX) debut today.
Mah Sing’s focus on Klang Valley, affordable project should bode well in near term
Mah Sing Group Bhd (July 4, RM1.
Middle-income group in need of rent-to-own schemes
KUALA LUMPUR (July 5): National House Buyers Association of Malaysia (HBA) said the middle-income group in Malaysia is in dire need of rent-to-own schemes, warning that the country could face a housing crisis in the form of a “homeless generation”.
Beyond co-working space
MAINLAND Chinese coworking space provider UrWork has partnered Collective Campus, a start-up accelerator based in Australia and Singapore, to set up a 6,889 sq ft co-working space at JTC LaunchPad @ one-north, which was officially launched on June 23.
Bank Negara: Three things that could enhance Malaysia’s affordable housing ecosystem
PETALING JAYA (July 4): A sound, innovative and coordinated public policy is needed to address the affordable housing challenge, said Bank Negara Malaysia deputy governor Abdul Rasheed Ghaffour in his keynote address at the “Dialogue on Sustainable Development of Affordable Housing” organised by Cagamas Holdings Bhd in Kuala Lumpur today, He said a central authority could lead, oversee and coordinate affordable initiatives for the nation that would promote greater strategic and operational cohesion at the national level.
Robust showing for CapitaLand in China
SINGAPORE (July 4): CIMB says CapitaLand is on track to meeting its 8% ROE target by 2018.
