Hua Yang stays positive amid challenging landscape
KUALA LUMPUR (Jan 23): Affordable housing developer Hua Yang Bhd remains positive on its outlook amid a challenging landscape even after its net profit for the third quarter ended Dec 31, 2019 fell.
CMMT banks on new anchor tenants to reinvigorate Klang Valley Malls
KUALA LUMPUR (Jan 23): CapitaLand Malaysia Mall Trust (CMMT) is on the hunt for new anchor tenants to inject life into its suburban Klang Valley malls and drive earnings in 2020.
Leader Steel buys land in Klang for business expansion
KUALA LUMPUR (Jan 23): Leader Steel Holdings Bhd is acquiring a piece of freehold land in Klang for RM30.
LBS Bina disposes of stake in Chinese firm for RM86m
KUALA LUMPUR (Jan 23): LBS Bina Group Bhd has disposed of all its 9.
CIMB Bank lowers base and FD rates by 25bps, in line with OPR cut
KUALA LUMPUR (Jan 23): CIMB Bank Bhd, together with CIMB Islamic Bank Bhd, is lowering its base rate and fixed deposit rates by 25 basis points, in line with Bank Negara Malaysia's key interest rate cut yesterday.
TSR Capital sells unutilised land in Mutiara Damansara for RM48m
KUALA LUMPUR (Jan 23): TSR Capital Bhd is selling its freehold land in Mutiara Damansara, Petaling Jaya measuring 5,078 sq m for RM48.
CMMT FY19 net property income down 6%, pays 6.25 sen DPU
KUALA LUMPUR (Jan 23): Sustained growth in Gurney Plaza, Penang, and East Coast Mall in Kuantan have helped CapitaLand Malaysia Mall Trust (CMMT) offset lower contribution from its Klang Valley malls that have been hit by growing competition.
DONE DEAL: Shophouse, Section 16, Shah Alam, Selangor
Sold for: RM830,000 (RM442 psf, based on land area) Concluded by: Royston Lau (PEA1570, 016-221 9389) of Maxland Real Estate Agency When: August 2019 Noteworthy: ● Leasehold ● Land area: 1,875 sq ft ● Built-up: 3,300 sq ft ● Unfurnished double-storey shop unit ● Nearby amenities: Universiti Teknologi Mara Shah Alam, Wet World Water Park Shah Alam, Kompleks PKNS Shah Alam, IDCC Ideal Convention Centre Shah Alam, Shah Alam Autocity, KPJ Hospital and I-Central Shopping Mall.
SRC trial: Najib denies Arab letters were forged
KUALA LUMPUR (Jan 22): Datuk Seri Najib Razak (pictured) denied that the letters from Arab royalty which were sent to him in relation to the donations he received were faked, as suggested by adhoc prosecutor Datuk V Sithambaram.
Nik Faisal remained mandate holder for Najib's accounts despite financial misconduct at SRC
KUALA LUMPUR (Jan 22): While Datuk Seri Najib Abdul Razak had decided to remove Nik Faisal Ariff Kamil as chief executive officer of SRC International Sdn Bhd amid complaints of financial misconduct, he remained as the mandate holder of the former prime minister's accounts.
