Retail outlook: Risk of more store closures
KUALA LUMPUR (July 17): Retail sales have gone from bad to worse, said an industry expert.
Ekovest deal to buy into IWH-CREC lapses after Bandar Malaysia deal fell through
KUALA LUMPUR (July 15): Ekovest Bhd said today it will not proceed with its heads of agreement (HOA) with Iskandar Waterfront Holdings Sdn Bhd (IWH) to buy into the Bandar Malaysia project, following the lapse of Putrajaya's RM7.
Lim Kang Hoo-linked shares slip as Bandar Malaysia deal lapses
KUALA LUMPUR (July 15): Share prices of Iskandar Waterfront City Bhd (IWCity) and Ekovest Bhd, both of which are linked to businessman Tan Sri Lim Kang Hoo (pictured), fell in Bursa Malaysia morning trade today after IWCity’s major shareholder Iskandar Waterfront Holdings Sdn Bhd (IWH) said yesterday the share sale agreement for the planned acquisition of a 60% stake in Bandar Malaysia Sdn Bhd by IWH’s joint venture (JV) had lapsed on May 6, 2021.
Bandar Malaysia: Share sales deal lapsed on May 6
KUALA LUMPUR (JULY 14): The plan to revive Bandar Malaysia (pictured) has been discontinued as the Restated and Amended Share Sale Agreement (RASSA) for the acquisition of 60% shares in Bandar Malaysia Sdn Bhd (BMSB) has lapsed on May 6, 2021.
Knight Frank: Asia-Pacific prime office rental drops 4.7% y-o-y in 2Q2021
PETALING JAYA (July 14): Asia-Pacific prime office rental has dropped 0.
Mean monthly salaries and wages fell 9% in 2020, declined for the first time since 2010 — DOSM
KUALA LUMPUR (July 14): Mean monthly salaries and wages fell by 9% in 2020 — the first decline since the series began in 2010 — as Malaysia's labour market experienced uneven momentum following health crisis and economic consequences last year, according to the Department of Statistics Malaysia (DOSM).
Young Malaysian talents shine as winners at AYDA 2020
PETALING JAYA (July 14): Competing against finalists from 13 different locations across Asia, Malaysia’s talent shined through during the 13th instalment of Asia Young Designer Awards’ (AYDA) as Dayana Aripin and Evva Lim Fee Yah emerged as Asia Young Designers of the Year 2020.
Public portion of Haily Group’s IPO oversubscribed by 38.81 times
KUALA LUMPUR (July 12): Haily Group Bhd, a building contractor of residential and non-residential buildings, saw 8.
Genting Malaysia unit among 10 highest-spending lobbying entities in New York
KUALA LUMPUR (July 12): Genting Malaysia Bhd’s indirect 100%-owned subsidiary Genting New York LLC has been named among the 10 highest-spending lobbying entities in the US state of New York after the casino and hotel operator was reported to have spent US$1.
Get EMCO replaced with targeted lockdowns, retailer groups tell Selangor MB
KUALA LUMPUR (July 11): The Malaysia Shopping Malls Association (PPK) and other retailer groups have urged the Selangor menteri besar to step in to help get the Enhanced Movement Control Order (EMCO) imposed in the state replaced with targeted lockdowns.
