News by Syahirah Syed Jaafar

IWCity has been in the spotlight in anticipation that its major shareholder Iskandar Waterfront Holdings Sdn Bhd might get a second chance to develop Bandar Malaysia.

Deloitte Malaysia clarified that it is not under investigation with respect to the Felda Investment Corp's (FIC) London hotel probe or any other matters.

It declared an income distribution per unit (DPU) of 2.06 sen for the quarter, against 2.61 sen in the same period last year.

At 10.35am, IWCity was the most actively traded stock on Bursa Malaysia, having risen 11 sen to RM1.65 with 51.67 million shares traded.

Bank Negara said at the OPR's current level, the central bank's monetary policy was accommodative and supportive of economic activity.

The Real Estate and Housing Developers' Association (REHDA) is targeting to achieve RM1 billion in sales from around 100,000 units ranging not more than RM500,000 at its upcoming 3-day Affordable Housing Carnival — Malaysia Property Expo (MAPEX) from Aug 11 to Aug 13, 2017.

It is considering a rights issue to reduce its gearing to as low as 1.5 times...

Construction and property firm Bina Puri Holdings Bhd, which will see its Indonesian subsidiary PT Megapower Makmur Tbk listed on the Indonesian stock exchange on July 5, hopes to increase the bottom line contribution of its power business by 20% per annum.

Yesterday, IOI Properties announced it had signed a memorandum of agreement (MoA) with Hongkong Land to develop and manage an office building at Central Boulevard.

Mitrajaya Holdings Bhd says it is on track to secure its target order book replenishment of RM1 billion this year, and possibly even more. It has secured RM700 million so far.