Genting worst-hit KLCI stock on Genting HK's planned suspension of payments to creditors
KUALA LUMPUR (Aug 21): Casino and hotel operator Genting Bhd's share price fell more than 4% to become the worst-hit entity among the FBM KLCI's 30 stocks at Bursa Malaysia's afternoon break today after cruise ship operator Genting Hong Kong Ltd said on Wednesday (Aug 19) the company should temporarily suspend all payments to creditors to preserve liquidity.
E&O Residences KL to cease operations
KUALA LUMPUR (Aug 21): E&O Residences Kuala Lumpur (EOR KL) (pictured) will cease operations from next month, reported the New Straits Times yesterday.
Puchong residents facing monkey terror
PETALING JAYA (Aug 21): Numerous monkeys have been “wreaking havoc” at N’Dira Residences in Puchong, reported The Star yesterday.
Cross default unlikely in Genting group as Genting HK suspends payments to lenders
KUALA LUMPUR (Aug 21): News on Genting Hong Kong Ltd (Gent HK) opting to suspend payments to all creditors to preserve cash is expected to trigger a knee-jerk reaction to the share prices of its sister companies — Genting Bhd and Genting Malaysia Bhd (GENTM) on Bursa Malaysia, although the duo do not hold any equity stake in the Hong Kong-listed cruise operator.
PREC working with tenants to bring retail business online
SHAH ALAM: While many are saying traditional mom and pop stores will soon become history, PKNS Real Estate Sdn Bhd (PREC) is working hard to help the conventional retailers to start their online shops to generate more business.
Proposed Residential Tenancy Act: Putting an end to tenancy woes?
The National House Buyers Association (HBA) refers to recent media reports where Housing and Local Government Minister Zuraida Kamaruddin has proposed to introduce a Residential Tenancy Act (RTA) which is to be tabled in Parliament next year.
AME Elite stands to benefit from the potential inflows of FDI, says Kenanga
KUALA LUMPUR (Aug 21): Kenanga Research said AME Elite Consortium Bhd (AME) stands to benefit from the potential inflows of FDI given the escalating US-China tension.
50% of Oliveria phase 2B sold within one month
PETALING JAYA (Aug 20): S P Setia’s recently launched Oliveria phase 2B in Setia Safiro has seen 50% out of the 82 units being taken up by buyers after it was launched on July 25, 2020.
Guocoland posts ninth straight quarterly loss, dragged by loss on investment and tax provision
KUALA LUMPUR (Aug 20): Guocoland (Malaysia) Bhd, the property development arm of the Hong Leong Group, has posted its ninth consecutive quarterly loss despite a sharply higher revenue.
