BY EUGENE MAHALINGAMMalaysian developers with exposure to the UK included SP Setia Bhd, Sime Darby Bhd, Eastern & Oriental Bhd (E&O) and Eco World Development Group Bhd.PETALING JAYA: The UK’s referendum to leave the European Union (EU) or Brexit, could spell a gloomy medium-term outlook for the...

BY AFIQ ISAKUALA LUMPUR: The Bandar Malaysia Fund will accelerate the development of the major city centre project, which has a gross development value of RM200bil and will be built over 15 to 25 years, according to Iskandar Waterfront Holdings Sdn Bhd (IWH) group executive vice-chairman Tan Sri...

“RHB Capital remains our top pick for the sector. We retain our earnings forecasts for now but could raise our projections if the BR hikes push up banks’ earnings above our expectations in the coming quarters,” it said in a report.PETALING JAYA: Base rate hikes could be a new earnings...

KUALA LUMPUR: Construction and property firm Malaysian Resources Corp Bhd (MRCB), which has entered into a non-binding memorandum of understanding (MoU) with Wondrous Vista Development Sdn Bhd and IWH CREC Sdn Bhd to collaborate on developing an integrated transportation terminal at Bandar...

Will Maybank follow suit to raise its base rates?KUALA LUMPUR: CIMB Equities Research sees the base rate (BR) hikes for a few banks as a new earnings catalyst for the banking sector as it reaffirms its Overweight call on Malaysian banks.It said on Thursday the Overweight call was based on the...

BY JOY LEE(Left) Koong says the situation has not reached a detrimental stage yet. Hon has noticed an increase in requests by its clients to restructure loans beginning late last year.SMEs are struggling to pay debts and find extra funds as banks get tough with loan approvals, JOY LEE reports.SMALL...

It’s a deal: (from left) Eco World Development Group Bhd chairman Tan Sri Liew Kee Sin, president & CEO Datuk Chang Khim Wah, Cascara Sdn Bhd representative Mohammed Rashdan Mohd Yusof and Jendela Hikmat Sdn Bhd chairman Gen Tan Sri Che Md Noor Mat Arshad (rtd) at the MoU signing between Eco...

PETALING JAYA: AWC Bhd, an integrated facilities management service provider, has been awarded an RM130mil contract from the Government for the maintenance of Terminal Bersepadu Selatan (TBS).The contract is for a period of five years and is effective from Sept 1, the company said in a...

KUALA LUMPUR: JF Apex Research expects Eco World, MBSB and AWC to be among the stocks which could see some trading interest on Friday after their corporate news.It said Eco World teamed up with Cascara Sdn Bhd to jointly undertake an eco-themed mixed development, with an estimated gross development...

Bank Negara in May reiterated its target for the Malaysian economy to achieve 4% to 4.5% growth in 2016.PETALING JAYA: The World Bank expects economic growth in Malaysia to trail expansion in the rest of the region this year, but to pick up pace from 2017 onwards as prices of commmodity...