UOA REIT in acquisition mode
KUALA LUMPUR (May 13): Almost a year after the RM120 million disposal of Wisma UOA Pantai, UOA Real Estate Investment Trust (REIT) is on the lookout for fresh assets to add to its portfolio.
Hisham demands proof that he benefitted from Mindef land swap deals
KUALA LUMPUR (May 13): Datuk Seri Hishammuddin Hussein (pictured) is “challenging” Defence Minister Mohamad Sabu and deputy minister Liew Chin Tong to prove that he benefitted from land swap deals, reported Malaysiakini yesterday.
Najib hits out at ruling coalition’s silence on 1990s land deals: Report
PETALING JAYA (May 13): Ex-prime minister Datuk Seri Najib Razak has slammed Pakatan Harapan’s (PH) silence over the Ministry of Defence’s four land swap deals that took place during Tun Dr Mahathir Mohamad’s administration back in 1997, reported Free Malaysia Today (FMT) yesterday.
Zeti: Market needs more affordable housing
SHAH ALAM (May 11): The market is never short of commercial and luxury properties and it needs more affordable housing to balance the oversupply situation, said Sime Darby Property Bhd chairman Tan Sri Dr Zeti Akhtar Aziz.
KPKT: Potential collaboration with China companies for affordable housing funding and technology
SHAH ALAM (May 11): Housing and Local Government Ministry (KPKT) has signed a Memorandum of Understanding (MoU) with eight companies from China, for future potential foreign direct investment and technology knowledge transfer towards Malaysia’s affordable housing development.
Plaza Rakyat project to restart soon
Work on the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur is expected to begin soon, A 43% stake in the developer - Profit Consortium Sdn Bhd is being bought by China-based Guangzhou Xu Zhuo Enterprise Management Co Ltd, who are expected to pay the outstanding debt due to Kuala Lumpur City Hall (DBKL) “The Plaza Rakyat project is being taken over by a new consortium, which finalised its takeover at end-March.
Rajawali Group set to exit Sheraton Imperial KL after 15 years
A 33-storey building in Jalan Sultan Ismail has been put up for sale by Indonesian billionaire Tan Sri Peter Sondakh.
Malaysia's industrial and logistics market to benefit from BRI
Would you believe that of all the countries in Southeast Asia, Malaysia has received the largest amount of investments from China over the past 10 years? The Belt and Road Initiative (BRI), or One Belt One Road as it was formerly called when it was first launched in 2013, is China’s platform for multilateral cooperation which will create new economic links and improve its business networks across the globe.
CIMB Bank lowers base lending rate following OPR cut
KUALA LUMPUR (May 10): CIMB Bank Bhd and CIMB Islamic Bank Bhd will revise down their base rate (BR), base lending rate (BLR), and base financing rate (BFR) by 0.
