KUALA LUMPUR (Aug 10): Practice Note 17 (PN17) company Top Builders Capital Bhd said on Thursday (Aug 10) that its external auditor, Kreston John & Gan, has resigned on a volunary basis. Kreston John & Gan’s term of office will end 21 days after the resignation notice date of Aug 9 in line with the…
Read MoreKUALA LUMPUR (Aug 11): Analysts foresee an improvement in Sentral REIT’s financial performance, underpinned by the office-retail property trust’s proposed acquisition of Menara CelcomDigi. The analysts made their forecast after the REIT posted a net property income of RM29.21 million for the second quarter ended June 30, 2023 (2QFY2023) from RM27.94 million a year earlier,…
Read MoreKUALA LUMPUR (Aug 10): MIDF Research said that given the moderate growth in the construction and services sectors as well as weaker industrial product index, this will translate into more moderate growth in the second quarter of 2023 (2Q2023). In an economic brief on Thursday (Aug 10), the research house said Malaysia’s construction activity in…
Read MoreKUALA LUMPUR (Aug 10): Sentral REIT’s net property income for the second quarter ended June 30, 2023 (2QFY2023) grew 4.55% to RM29.21 million from RM27.94 million a year earlier. In a filing to Bursa Malaysia on Thursday (Aug 10), the group reported that property operating expenses for the second quarter of 2023 (2Q2023) were RM9…
Read MoreKUALA LUMPUR (Aug 10): Xeranti Sdn Bhd has been appointed by the Selangor Housing and Property Board to revitalise a 20-year abandoned expansion project in Kampung Serendah Perdana and Kampung Jawa (Desa Beringin) in Serendah, Selangor, during the briefing and explanation of the revitalisation and rehabilitation project event held on Aug 9, 2023. The event…
Read MoreKUALA LUMPUR (Aug 10): Eco World Development Group Bhd (EcoWorld) has issued the second tranche of Islamic bonds (sukuk) amounting to RM550 million under its sukuk wakalah programme of RM1.2 billion. In a filing with Bursa Malaysia on Thursday (Aug 10), the property developer said the proceeds from the sukuk will be utilised by EcoWorld…
Read MoreThe proposal for a vacancy tax has drawn criticism from the National House Buyers Association and a researcher. PETALING JAYA: In Malaysia, a vacancy tax is more likely to hurt homebuyers and homeowners rather than ease a property glut. This is the view expressed by the National House Buyers Association (HBA) and an independent researcher…
Read MoreKUALA LUMPUR (Aug 9): Chinese property giant Country Garden Holdings Co’s failure to make payments on its two dollar bond coupons due Aug 6 (Sunday) totalling US$22.5 million (RM103 million) has raised concerns over a cross-default on its Islamic Medium-Term Notes (IMTN) Programme in Malaysia. The RM1.5 billion sukuk, issued by Country Garden’s Malaysian unit…
Read MoreKUALA LUMPUR (Aug 8): Lion Industries Corp Bhd has scrapped its plan to acquire 80 acres of sub-divided leasehold agriculture land in Sepang for RM23 million. The group said its wholly-owned subsidiary LLB Bina Sdn Bhd has signed a deed of mutual termination with the land owner, Premier Land Resources Sdn Bhd, to terminate the…
Read MoreKUALA LUMPUR (Aug 9): The Construction Industry Development Board (CIDB) has launched two initiatives under the industralised building system (IBS), which are IBS Homes Catalogue and IBS Homes showhouses to encourage adoption of IBS in Malaysia in the affordable housing landscape. These were launched at the opening ceremony of BINA 2023 Conference at CIDB Convention…
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