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KUALA LUMPUR (Jan 30): Mastery Academy of Chinese Metaphysics founder Datuk Joey Yap foresees the real estate market in Malaysia to remain sluggish in the Year of the Dog.

Pesona Metro Holdings Bhd (Jan 29, 44 sen) Maintain buy recommendation with a target price (TP) of 70 sen: Pesona Metro Holdings Bhd announced that it had been awarded a RM161.

STOCKHOLM, SWEDEN (Jan 30): IKEA founder Ingvar Kamprad, who built a global business empire with revolutionary flat-pack furniture and was known for his contempt for taxes, died aged 91, the Swedish furnishing giant said last Sunday (Jan 28).

  PETALING JAYA (Jan 30): The magistrate’s court at Putrajaya has released the chairman of an engineering consultancy who had been remanded for five days since Jan 25 to assist the Malaysian Anti-Corruption Commission (MACC) in its investigation into a three-highway and undersea tunnel project in Penang, reported Bernama.

KUALA LUMPUR (Jan 30): S P Setia Bhd said it has fixed the issue price for its 325 million new placement shares at RM3.

PETALING JAYA (Jan 29): There is still concern about the “sustainability” of the retail sector in Kota Kinabalu, Sabah in 2H17 as there is an absence of proposed new launches for the retail sub-sector, which is similar to 1H17, said property consultancy Knight Frank Malaysia.

PETALING JAYA (Jan 29): More retailers are expected to embrace the “clicks and mortar” concept as e-commerce sees rapid growth in Malaysia, said Knight Frank Malaysia in its latest research report titled “Real estate highlights for 2nd half of 2017”.

PETALING JAYA (Jan 29): The second half of 2017 saw some property developers postponing new launches while clearing existing stocks by offering attractive discounts and incentives, including absorbing legal fees, stamp duties and providing furnishing in some projects, according to property consultancy Knight Frank Malaysia.

PETALING JAYA (Jan 29): Penang is top on the national list with approved investments worth RM7.

PETALING JAYA (Jan 29): While several new phases of high-end condominiums and serviced apartments were launched with higher prices psf, more discounts on these properties were also offered amid a slow market, said Knight Frank Malaysia in a report.