KUALA LUMPUR (June 27): Malaysia Building Society Bhd (MBSB) is targeting to deliver a high return on equity (ROE) of 6.0%-6.5% this year, up from 5.2% in 2022, even as the Islamic commercial bank faces margin pressure arising from increasing cost of funds. “After four rounds [of overnight policy rate hikes by Bank Negara Malaysia]…
Read MoreKUALA LUMPUR (June 28): The Federal Land Development Authority (Felda) has announced the appointment of Datuk Seri Ahmad Shabery Cheek as its new chairman with effect July 1. Felda said the appointment would enable the continuity of Felda’s transformation effort in benefiting the existing settlers and also the new generation of settlers on the whole….
Read MoreKUALA LUMPUR (June 28): Real Estate and Housing Developers’ Association Malaysia (Rehda) has officially launched Rehda Institute Digital Resource Centre on Tuesday (June 27) at Wisma Rehda Kelana Jaya. The ceremony was officiated by Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir, accompanied by Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip, Rehda president…
Read MoreKUALA LUMPUR (June 28): Prime Minister and Minister of Finance Datuk Seri Anwar Ibrahim has signed an agreement involving a government guarantee to Federal Land Development (Felda) to restructure the agency’s loans through the issuance of sukuk and revolving credit, in an effort to restore the agency’s finances. “This government guarantee is expected to stabilise…
Read MoreRehda representatives presenting a token of appreciation to Akmal (fourth from right). From left are Muztaza, Seing Liong, Teo, Ng, Tong, Chen and Ho. PETALING JAYA: The newly launched Real Estate and Housing Developers’ Association (Rehda) Institute Digital Resource Centre which is provisionally GreenRE Certified Gold, aims to promote sustainability and become a research and…
Read MoreKUALA LUMPUR (June 28): One cannot escape “technology” these days. From individuals to companies and countries, big and small, almost all are leveraging it to forge ahead. Traditional businesses that resist the advancement or are slow to catch up will find themselves left behind the competition. Real estate agency Cornerstone Xstate knows this very well…
Read MoreKUALA LUMPUR (June 27): Permodalan Nasional Bhd’s (PNB) gross income dropped 20.64% to RM14.53 billion for the year ended Dec 31, 2022 (FY2022), from RM18.31 billion a year earlier, while net income fell 11.9% to RM10.38 billion from RM11.79 billion, amid the weak performance of both bond and equity markets. “The year under review (FY2022)…
Read More“The redevelopment of Sultan Abdul Aziz Shah Airport (SAAS) will not cannibalise KLIA Terminal 1 in any way,” he said, adding that the SAAS will be the city airport catering to a niche market. SEPANG (June 27): Kuala Lumpur International Airport (KLIA) Terminal 1 will undergo drastic changes in three years with the implementation of several efforts…
Read MoreKUALA LUMPUR (June 26): HSBC Bank Malaysia Bhd and Sunway Real Estate Investment Trust (REIT) have announced a collaboration to execute its first sustainability-linked cross-currency swap (CCS) in Malaysia worth RM200 million. “The CCS supports the leading local REIT player’s long-term vision for developing a more sustainable business and reinforces the increased focus of the…
Read MoreKUALA LUMPUR (June 26): The government has decided to reduce property assessment tax by 25% for affordable housing owners in Kuala Lumpur starting in the second half of this year. This is to reduce the burden of living cost for the bottom 40% (B40) and middle 40% (M40) income groups in the city, said Prime…
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