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Residents say lack of action by authorities has caused haphazard parking to worsen
BY EDWARD RAJENDRAIt is a tight squeeze for motorists driving along Lorong 4/47A to enter Jalan 4/48B in Section 4, off Jalan Penchala in PJ Old Town, as cars are parked on both sides of the road including the road shoulders.WORKERS in Section 51, Petaling Jaya, who park their cars daily on the...
Mah Sing Foundation donates RM100,000 to help the disabled secure jobs
(From left) Syed Norulzaman, Leong, Lee and Daybreak corporate administration vice-president Puan Sri Sulvian Lim at the cheque presentation ceremony.MAH Sing Foundation, a charitable trust established by Mah Sing Group Berhad contributed RM100,000 to Daybreak Society.Established in 1992, Daybreak...
Residents upset over plans to allow public to use entrance
BY KATHLEEN MICHAELResidents of Bayan Villa meeting to voice their grouses.RESIDENTS of Bayan Villa town houses in Taman Bukit Serdang, Seri Kembangan, were a happy community when they bought the hilltop property that was surrounded by greenery.However, after moving in 2014, they faced various...
Lower interest rate poser
“Banks whose base rates closely track interbank rates, may eventually have to lower their base rates if the downtrend in interbank rates persists,” Maybank Investment Bank Research (Maybank IB). said.PETALING JAYA: Banks will likely have to cut their base rates – and consequently their...
Base rate raise by banks to relieve margin pressures, says Maybank IB
KUALA LUMPUR : The move by Public Bank Bhd and Hong Leong Bank Bhd to raise their base rates (BR) is a positive move in alleviating some of the pressure on their net interest margins (NIM) amid an environment of declining interbank rates, said Maybank IB Research.In a note today, the research house...
Lafarge facing stiff competition and higher costs, says Maybank IB Research
KUALA LUMPUR : Lafarge Malaysia's Bhd weaker first quarter earnings was reflective of the stiff competition and higher costs faced by players in the building materials segment, said Maybank IB Research.In a note today, the research house said that the company's quarterly earnings made up only 10%...
UEM Sunrise to focus on fundamentals
BY TOH KAR INNPETALING JAYA: UEM Sunrise Bhd will focus on strengthening its fundamentals in order to steer growth and weather the challenging property market in 2016 and beyond.The key priorities include establishing a comprehensive marketing strategy, managing operating costs, intensifying the...
Sunsuria appoints new CEO
PETALING JAYA: Property developer Sunsuria Bhd has appointed Koong Wai Seng as chief executive officer.In a filing with Bursa Malaysia, Sunsuria said Koong succeeded Ho Hon Sang, who has resigned to pursue other interests.The company said Ho would take up an advisory role to the founder and...
Genting Plantations impacted by lower palm oil output, weak property sentiment
KUALA LUMPUR : Genting Plantations Bhd (GenP) reported first quarter (1QFY16) earnings that were below estimates due to negative output growth from its upstream palm oil segment as well as flattish earnings from its property division, said Maybank IB Research.In a note today, the research house...
Four houses damaged in Cameron Highlands landslide
BY AMANDA YEAPA landslide hit several houses in Kuala Terla, Cameron Highlands.IPOH: The families of four homes were evacuated after a landslide in Kuala Terla, Cameron Highlands, early Monday.A spokesman from the Brinchang Fire and Rescue Department said rocks and sand tumbled down the back of the...