News by Tan Xue Ying

OSK holds a 51% participating interest and Marubeni the balance 49%, to jointly develop, operate and maintain the LSS3 project.

The stock of household debt as a share of gross domestic product (GDP) in Malaysia has declined over the years, thanks in part to a weaker housing market, and more deleveraging is likely to continue.

Minister of Finance Inc's wholly-owned subsidiary MRL said in a statement today that calls for local contractors to submit their tenders will start in the fourth quarter of 2019 following submission of pre-qualification (pre-Q) documents in the end of May this year.

Boustead Holdings Bhd announced today Datuk Nonee Ashirin Mohd Radzi, Loong Caesar, Lt Gen (R) Datuk Fadzil Mokhtar and Abraham Verghese TV Abraham's appointments as independent non-executive directors.

Eonmetall said a JV company (JVco) named Sinaran Seribumi Sdn Bhd was formed between its wholly-owned subsidiary Eonmetall Land Sdn Bhd, with Kapar Holding Sdn Bhd and Kapar Land Sdn Bhd. Kapar Holding and Kapar Land are both in the business of manufacturing iron and steel products, as well property dealing.

MIDF head of research Mohd Redza opined that any rate cut will most likely be in 2020. 

This is despite indicators such as loan approvals showing signs of growth in the near term, which could be further supported by the Home Ownership Campaign and the cut in overnight policy rate.

The group said now is a good time to lock in potential good landbank that meets its business model and criteria, given the group's healthy balance sheet and the less intense competition between developers.

She believes that nobody wins in a trade war, including countries like Malaysia that is part of the supply chain of many products covered by the US' tariff increase on Chinese goods.

The group is also planning to relocate some of its theme park rides and attractions at i-City, Selangor, in order to free up land for property development.