KUALA LUMPUR (June 30): UEM Sunrise Bhd’s The Connaught One in Cheras “witnessed an overwhelming response” during its launch over the weekend of June 24 and 25. The event which took place at Forest Valley Hall in Bandar Mahkota Cheras saw more than 800 attendees, among whom were from the company’s customer loyalty programme, Trésor…
Read MoreKUALA LUMPUR (June 30): Conlay Construction Sdn Bhd (CCSB) is the new main contractor for KSK Land Sdn Bhd’s flagship 8 Conlay development. According to a media release by the KSK Group, a Letter of Award was (LOA) signed between Damai City Sdn Bhd (Damai City), a wholly owned subsidiary of KSK Land, and CCSB…
Read MoreKUALA LUMPUR (June 30): SkyWorld Development Bhd announced today that the public portion of its initial public offering (IPO) has been oversubscribed. SkyWorld’s IPO involves a public issue of 208,000,000 new shares and offer for sale of 192,000,000 existing shares at RM0.80 per share in the following manner: 1 A retail offering of 75,000,000 shares…
Read MoreKUALA LUMPUR (June 28): A unit of Gagasan Nadi Cergas Bhd’s (GNCB) has accepted a sub-contract work of a development project in Petaling Jaya, Selangor from a unit of Paramount Corp Bhd worth RM75.74 million. In a bourse filing, GNCB said Nadi Cergas Sdn Bhd accepted the letter of award from Paramount Property Construction Sdn…
Read MoreRehda representatives presenting a token of appreciation to Akmal (fourth from right). From left are Muztaza, Seing Liong, Teo, Ng, Tong, Chen and Ho. PETALING JAYA: The newly launched Real Estate and Housing Developers’ Association (Rehda) Institute Digital Resource Centre which is provisionally GreenRE Certified Gold, aims to promote sustainability and become a research and…
Read MoreKUALA LUMPUR (June 28): One cannot escape “technology” these days. From individuals to companies and countries, big and small, almost all are leveraging it to forge ahead. Traditional businesses that resist the advancement or are slow to catch up will find themselves left behind the competition. Real estate agency Cornerstone Xstate knows this very well…
Read MoreKUALA LUMPUR (June 27): Malaysia Building Society Bhd (MBSB) is targeting to deliver a high return on equity (ROE) of 6.0%-6.5% this year, up from 5.2% in 2022, even as the Islamic commercial bank faces margin pressure arising from increasing cost of funds. “After four rounds [of overnight policy rate hikes by Bank Negara Malaysia]…
Read MoreKUALA LUMPUR (June 28): The Federal Land Development Authority (Felda) has announced the appointment of Datuk Seri Ahmad Shabery Cheek as its new chairman with effect July 1. Felda said the appointment would enable the continuity of Felda’s transformation effort in benefiting the existing settlers and also the new generation of settlers on the whole….
Read MoreKUALA LUMPUR (June 28): Real Estate and Housing Developers’ Association Malaysia (Rehda) has officially launched Rehda Institute Digital Resource Centre on Tuesday (June 27) at Wisma Rehda Kelana Jaya. The ceremony was officiated by Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir, accompanied by Rehda Institute chairman Datuk Jeffrey Ng Tiong Lip, Rehda president…
Read MoreKUALA LUMPUR (June 28): Prime Minister and Minister of Finance Datuk Seri Anwar Ibrahim has signed an agreement involving a government guarantee to Federal Land Development (Felda) to restructure the agency’s loans through the issuance of sukuk and revolving credit, in an effort to restore the agency’s finances. “This government guarantee is expected to stabilise…
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