KUALA LUMPUR (March 12): CTOS Digital Bhd on Tuesday said it is business as usual for the group as the recent court decision against its subsidiary does not prevent it from continuing to provide credit score services. “Regardless of the timing of this case, we will continue to operate and provide the information to financial…
Read MoreKUALA LUMPUR (March 12): Artificial Intelligence (AI) and digital technology are revolutionising the property industry, but implementing automated valuation models (AVMs) poses a challenge according to Arina Kok, partner, Climate Change and Sustainability Services, Ernst & Young Consulting Sdn Bhd at the 2024 Malaysian Housing, Urban Development and Property Summit that was held recently. She…
Read MoreKUALA LUMPUR (March 13): SkyWorld Development Bhd won its second consecutive award at the prestigious FIABCI Malaysia Property Awards 2023 held on March 9. The award was bestowed upon SkyWorld for its high-rise residential development, SkyAwani 3 Residences. Nestled in the vibrant locale of Setapak, Kuala Lumpur, SkyAwani 3 Residences has a QLASSIC score of…
Read MoreKUALA LUMPUR (March 13): Avaland Bhd (formerly known as MCT Bhd) topped out its Casa Embun Phase 1 in Cybersouth on Wednesday. A press statement on Wednesday said the project has achieved a take-up rate of 99% since its launch in 1Q2023. With a gross development value (GDV) of RM209 million, Casa Embun Phase 1…
Read MoreKUALA LUMPUR (March 13): Construction group Eversendai Corp Bhd has secured four new projects worth RM5.4 billion in Saudi Arabia, the United Arab Emirates and India. With these new projects, its current outstanding order book rises to a record high of RM6.6 billion, according to its filing to Bursa Malaysia on Wednesday. The project in…
Read MoreKUALA LUMPUR (March 12): The High Court’s decision last week that credit reporting agencies are not legally empowered to formulate credit scores could lead to more lawsuits against CTOS Data Systems Sdn Bhd (CDS), lawyers have cautioned. CDS is a subsidiary of Bursa Malaysia-listed CTOS Digital Bhd, whose share price has been hit hard by…
Read MoreKUALA LUMPUR (March 12): A total of 182 projects, worth RM4.63 billion, carried out under the Ministry of Works had been completed, said Works Minister Datuk Seri Alexander Nanta Linggi (pictured). He said only 21 projects or 2.8% of the 730 projects under construction in 2023 were classified as sick projects. “The number of sick projects is…
Read MoreKUALA LUMPUR (March 12): Khazanah Nasional Bhd more than tripled its profits from operations in 2023 mainly due to higher dividends, and the sovereign wealth fund said on Monday that it plans to focus on its home market. Profit from operations was RM5.9 billion in 2023, from RM1.6 billion in 2022, Khazanah said in a…
Read MoreBy Joseph Wong In the age of information, how did the domestic property market end up with a significant disparity between the demand and supply of homes? Despite a pressing need for homes, there is still an excess of roofs that exceed the means of the average individual. The National Property Information Centre (Napic) statistics…
Read MoreKUALA LUMPUR (March 12): Malaysia Rail Link Sdn Bhd (MRL), a wholly-owned subsidiary of the Minister of Finance (Incorporated), has established its Islamic Commercial Papers and Islamic Medium Term Notes Programme of up to RM10.21 billion in nominal value, with an option to issue Sustainable and Development Goals (SDG) Sukuk. The Sukuk Murabahah programme…
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