The Washington DC-based World Bank has downgraded Malaysia’s growth forecast this year by 0.3 points to 4.4.PETALING JAYA: The Washington DC-based World Bank has downgraded Malaysia’s growth forecast this year by 0.3 points to 4.4%.The international financial institution has posted the biggest...

KUALA LUMPUR: Optimism from certain quarters about a recovery in the property market during the second half this year is likely to be misplaced as sentiment and fundamentals remain weak, said AllianceDBS Research in a note today.The research house said that 2016 could be an even more challenging...

By Jameel Ahmad (Chief Market Analyst at FXTM)The month of March saw WTI Crude make its biggest gains since the beginning of the year, pushing through the $40 level from $36, raising the prospect of a bull run. The prospects were somewhat dimmed by a constant weakness in the form of a fundamental...

IT WAS a momentous affair for property developer Sinerjuta Sdn Bhd, associate company of Aset Kayamas Sdn Bhd, as it signed a collaboration with Malayan Banking Berhad (Maybank) for its latest project, The Henge.Maybank will be providing financial support in the form of a RM229mil bridging loan and...

PETALING JAYA: Pavilion Real Estate Investment Trust (Pavilion REIT) is expecting 8% to 10% of gross revenue growth with the recent acquisitions of both Da:men Mall and Intermark Mall.Its manager Pavilion REIT Management Sdn Bhd said after the company’s AGM that with that two acquisitions, the...

Fun for all: Nazri and I-Berhad executive chairman Tan Sri Lim Kim Hong (left) enjoying a ride on the carousel at I-City in Shah Alam.SHAH ALAM: The Government is appreciative of I-Berhad for constantly coming up with new tourist attractions in its iconic i-City.Tourism and Culture Minister Datuk...

Brisk sales: Ong (left) and Lim at the official opening of the 8Kia Peng Gallery. Lim says the company is expecting that 70 of buyers to be foreigners with deep pockets.KUALA LUMPUR: Despite the subdued sentiment in the property sector, I-Bhd has received many enquiries on its latest property...

Its financing plan is alternative option if buyers can’t get loansBY NADYA NGUIHelping buyers: Cheah says the guaranteed loan is offered on a limited, first-come first-served basis for Sunway’s new residential launches.PETALING JAYA: Sunway Bhd is not trying to take over the role of a bank,...

Yang di-Pertuan Agong Tuanku Abdul Halim Mu’adzam Shah visiting one of the watch botique after officiate the event during the grand opening ceremony at the Aman Central in Alor Setar,Kedah. Looking on is Kedah Menteri Besar Datuk Seri Ahmad Bashah Md Hanipah (second right).BY CHRISTOPHER TANALOR...

Vibrant concept: Artist’s impression of the Bukit Bintang City Centre project.PETALING JAYA: The history of the redevelopment of the old Pudu prison site, which is now called Bukit Bintang City Centre (BBCC), can be traced back some 20 years when the 19.4-acre prime land first became vacant.There...