Prasarana: Phase 2 of MRT project 99% completed
The construction of Phase 2 of the Mass Rapid Transit (MRT) project is 99% completed and will be operational by next month as scheduled, Bernama reported Prasarana Malaysia Bhd president and group chief executive officer Datuk Seri Azmi Abdul Aziz as saying today.
Asian cities are the most expensive for expats
PETALING JAYA (June 22): Asian cities are the most expensive cities for expatriates, where five of the top 10 most expensive cities are in Asia, according to Mercer’s 2017 Cost of Living Survey.
S P Setia down 7% on cash call for I&P Group acquisition
KUALA LUMPUR (June 23): Shares of S P Setia Bhd fell 6.
EPF, Gapurna to avoid MGO in MRCB cash call
KUALA LUMPUR (June 23): Malaysian Resources Corp Bhd (MRCB) said its major shareholders Employees Provident Fund (EPF) and Gapurna Sdn Bhd (GSB) will avoid triggering any mandatory general offer (MGO) while they apply for excess rights shares and warrants under the group’s cash call exercise.
DONE DEAL: Ken Damansara 3 condo unit, Petaling Jaya, Selangor
Sold for: RM690,000 (RM653 psf) Concluded by: Teoh Peng Peng (PV1436) of Hartamas Real Estate Sdn Bhd (018-206 7122) When: March 2017 Noteworthy: ● Freehold ● 1,057 sq ft unit ● Three bedrooms, two bathrooms ● Fully furnished with wet and dry kitchen, wardrobe and TV cabinet ● Facilities include swimming pool, gym room, children’s playground, 24-hour security and cafeteria ● Accessible via Damansara-Puchong Expressway (LDP), Sprint Expressway, Federal Highway and Jalan Universiti Located within Petaling Jaya’s vibrant SS2 neighbourhood, Ken Damansara 3 is a freehold condominium developed by Ken Holdings Bhd.
Jaks Resources: Loss-making property unit's turnaround will ‘take a while’
KUALA LUMPUR (June 22): Jaks Resources Bhd, whose profitability was dragged down by its loss-making property division in the financial year ended Dec 31, 2016 (FY16) and first quarter ended March 31, 2017 (1QFY17), said it would take some time for the division to start bearing profits.
Shares of Dalian Wanda Group plunge — report
KUALA LUMPUR (June 22): Dalian Wanda Group, owned by China's second richest man, Wang Jianlin, was in focus on Thursday as the shares and bonds of its units plunged, according to Bloomberg.
PR1MA to raise RM5 bil to sustain 89 housing projects
PUTRAJAYA (June 21): Perbadanan PR1MA Malaysia (PR1MA), the single largest affordable housing developer in Malaysia, is planning to raise RM5 billion to support 89 of its executed projects nationwide, comprising 89,449 units of homes.
