KUALA LUMPUR (Dec 29): Malaysia Airports Holdings Bhd (MAHB) is said to be mulling on hiring a IJM Corp Bhd-led consortium to carry on with the aerotrain replacement project that was halted in August, according to sources familiar with the matter. Sources told The Edge that MAHB is currently ironing out the details before issuing…
Read MoreKUALA LUMPUR (Dec 28): Lim Seong Hai Capital Bhd (LSH Capital), which is seeking a transfer from the LEAP Market to the ACE Market of Bursa Malaysia, has obtained undertaking letters from its minority shareholders to waive their entitlement to an exit offer. In a filing on Thursday, the company said it is seeking Bursa’s…
Read MoreKUALA LUMPUR (Dec 29): Rapid KL will extend the operating hours for selected rail transit and bus services until 1.30am on Jan 1 (Monday) to cater to those going out to celebrate New Year’s Eve. Prasarana Malaysia Bhd said in a statement on Friday that the service extension would involve 12 light rail transit (LRT),…
Read MoreIGB Group targets completion of South Tower @ Mid Valley Southkey in Johor by the second quarter of next year. (Mid Valley Southkey North Tower pic) PETALING JAYA: The establishment of the Johor-Singapore Special Economic Zone (JS-SEZ) and the impending completion of the Johor Bahru-Singapore Rapid Transit System link are expected to boost cross-border movement…
Read MoreProperty firms, struggling to find buyers, have resorted to offering discounts on their new projects to speed up sales. (Reuters pic) MONG KOK: Hong Kong’s home prices dropped to the lowest in almost seven years as high interest rates continue to weigh on buyers’ appetite, driving them to rent instead. Residential prices fell 2% in…
Read MoreKUALA LUMPUR (Dec 28): Rakuten Trade said buying interest for IOI Properties Group Bhd may have returned following a break-out from the one-week rectangular pattern with a long white candle on Wednesday. In a technical view note on Thursday, the research house said that in view of the stock also breaking out from the one-month…
Read MoreHome prices are expected to grow 5–7% next year before falling 5–10% in 12–18 months due to global uncertainties and greater supply. (Unsplash pic) DUBAI: Just nine months after buying their first property in Dubai, Dina Habib and Karim Yusuf are already planning their next move within the city. The Egyptian couple, who spent eight…
Read MoreKUALA LUMPUR (Dec 27): Sime Darby Property Bhd’s (SDP) sukuk musharakah programme was accorded the AA+ rating with a stable outlook by MARC Ratings Bhd for the third consecutive year. In a statement on Wednesday, the property company said that the outstanding sukuk under the rated programme stood at RM1.4 billion as of Nov 30,…
Read MoreKUALA LUMPUR (Dec 26): TCS Group Holdings Bhd is making a cash call to raise working capital for its existing construction projects. The construction firm has proposed to undertake a renounceable rights issue of up to 243.6 million new shares at 12 sen per share, coupled with free warrants to raise up to RM29.23 million,…
Read MoreKUALA LUMPUR (Dec 26): Gabungan AQRS Bhd is claiming RM89.74 million from Econpile Holdings Bhd for what it alleged was wrongful termination of a sub-contract under Package SUKE-CA3 of the Sungai Besi-Ulu Kelang Elevated Expressway (SUKE) project in 2016. The sub-contract, worth RM389.07 million, was to complete the foundation for the SUKE project. It was…
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