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Bank Negara in talks on financing for affordable homes
In a statement yesterday, Bank Negara said together with the state governments and banking industry they are working to align the criteria used in approving house financing and improve the affordability of the applicants.KUALA LUMPUR: Bank Negara said it has been engaging with various state...
FXTM February Currencies Round-up
BY JAMEEL AHMADTHE market news in February continued to focus strongly on the oil markets, with headline attention remaining on the commodity and more specifically OPEC after four members of the committee group agreed to freeze their production levels. The aggressive oversupply in the markets...
Positive views on Penang’s land reclamation
BY DAVID TANGEORGE TOWN: Due to the shortage of resources in the state, it is only rational for the state government to use reclaimed land to finance the infrastructure projects, according to two key business organisations in Penang.Real Estate & Housing Developers Association (Rehda) Penang...
Life goes on for TRX
BY THEAN LEE CHENGIt has not been an easy journey for TRX City Sdn Bhd CEO Datuk Azmar Talib. There have been detractors, distracting and overhanging issues that remain unanswered. Azmar says he is clear about what he has to do to develop the Tun Razak Exchange.AS the international media spotlight...
Ewein sees further upside in Penang property market
Visitors checking out the housing projects at the Ewein Zenith Sdn Bhd booth during the recent StarProperty.my Fair 2016 at Aman Central Mall, Alor Setar.KUALA LUMPUR : Ewein Bhd, which is undertaking two property ventures in Penang, foresees further upside in the property market given its land...
Econpile bags RM76.9mil bored piling contract for EKVE
BY P. ARUNAKUALA LUMPUR: Econpile Holdings Bhd has secured a RM76.9mil contract to undertake bored piling works for packages one and two of the proposed East Klang Valley Expressway (EKVE).The piling and foundation specialist said on Tuesday its unit Econpile (M) Sdn Bhd had received the letter of...
Mah Sing nets RM386.7 million in 2015
KUALA LUMPUR: Mah Sing Group Berhad announced its net profit of approximately RM386.7 million on the back of revenue of approximately RM3.1 billion for the year 2015.According to the press release, this represents 8.5% improvement in net profit and 7.0% improvement in revenue as compared to the...
Sunway named Best Property Company 2015 - Asia
Tan Sri Dr Jeffrey Cheah holding the "Property Company of the year 2015 - Asia" award.Bandar Sunway, 10 February 2016 - Sunway Property, the property division of Sunway Berhad (KLSE : SWB), has been named Property Company of the Year 2015 – Asia in the World Finance Real Estate Awards presented...
Mulpha International expands its Aveo development pipeline and is on track for FY2016 Targets
Mulpha International Berhad, Australia’s leading owner, operator and manager of retirement communities through its strategic investment in Aveo Group Limited (ASX: AOG) today announced it has exchanged contracts for the acquisition of 100% of Freedom Aged Care Pty Ltd (Freedom).Freedom owns and...
Resorts World Genting redevelopment to cost RM10.4bil
The first offering under the RM10.38bil GITP, the First World Hotel, began operations in June last year.KUALA LUMPUR: Genting Malaysia Bhd will double the capital investment under the Genting Integrated Tourism Plan (GITP), which involves redeveloping and transforming Resorts World Genting, from...