KUALA LUMPUR (June 23): Retaining walls in Malaysia have been peppering news reports with frequent incidents of failures and landslides. In the latest incident at Wisma YPR, a life was lost. It was just last month, but overtaken by other concerns, most of us have probably pushed the episode to the back of our memories….
Read MoreKUALA LUMPUR (June 23): Sunway Real Estate Investment Trust (SunREIT) has joined forces with HSBC to execute its first sustainability-linked cross currency swap (CCS) in Malaysia, which is worth RM200 million. In a jointly issued statement on Friday (June 23), the parties said the CCS hedges both the currency and interest rate risks of SunREIT’s…
Read MoreKUALA LUMPUR (June 22): Buying a house is one of the biggest purchases many of us will make in our lifetime. So, it pays to start planning early. You will need a “financial roadmap” towards your first property purchase. The real cost of buying a home When buying a house, it is essential to consider…
Read MoreKUALA LUMPUR (June 22): Mah Sing Group Bhd has named former navy chief Admiral (R) Tan Sri Abu Bakar Abdul Jamal as its chairman. In a bourse filing on Thursday (June 22), the property developer said the appointment is effective Aug 1, 2023. Abu Bakar was the 10th chief and the first four-star admiral of…
Read MoreKUALA LUMPUR (June 22): Eco World Development Group Bhd recorded RM2.4 billion sales in seven months of FY2023, representing 68.5% of the group’s FY2023 sales target. This is higher than the RM2.17 billion recorded in the same period of FY2022, the developer announced in a media release today. Demand for the products of Eco Business…
Read MoreKUALA LUMPUR (June 22): Career changes are never easy and it can be prompted by a myriad of reasons. One case in point is CID Realtors Sdn Bhd real estate negotiator Daniya Subramaniam, 42. Armed with a Bachelor of Arts (Honours) and Master of Arts in Marketing from the UK, she started off in the…
Read MoreKUALA LUMPUR (June 21): Glomac Bhd’s net profit fell 15.58% to RM13.92 million for its fourth quarter ended April 30, 2023 (4QFY2023), from RM16.49 million a year earlier, mainly due to higher expenses and finance costs. Administrative expenses rose to RM5.13 million from RM3.39 million in 4QFY2022, other operating expenses increased to RM8.12 million from…
Read MoreKUALA LUMPUR (June 20): The deal announced by developer S P Setia Bhd on Monday (June 19) pertaining to the divestment of 500 acres of freehold land in Semenyih, Selangor to peer Mah Sing Group Bhd for RM392.04 million, has been viewed positively by analysts in general. The land has an estimated gross development value…
Read MoreKUALA LUMPUR (June 20): Sunway Healthcare Group has unveiled its flagship senior living residence, Sunway Sanctuary in Bandar Sunway, Petaling Jaya, Selangor. Connected to the Sunway Medical Centre, Sunway Sanctuary sits atop Tower D of Sunway Medical Centre from Level 15 to 30. Catering to seniors above 55 years old, Sunway Sanctuary offers 235 units…
Read MoreKUALA LUMPUR (June 20): Due to higher construction material prices, TCS Group Holdings Bhd has scrapped its plan to develop a condominium project, known as Arcadia, in Kuala Langat, Selangor. The group, through its wholly owned units TCS Construction Sdn Bhd and Saujana Permai Development Sdn Bhd, had mutually agreed to terminate the letter of…
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