Axiata said to seek buyers for US$700 mil of overseas holdings
Axiata, which has interests in 10 countries across Asia, will use part of the proceeds from the divestments to cut borrowings, said the news outfit, citing the same sources.
VERITAS wins 2016 Cityscape Awards Emerging Markets
VERITAS Design Group is one of the 2016 recipients of “Cityscape Awards Emerging Markets” award under the category of Leisure & Hospitality award (built) for its Sinkeh Hotel project in George Town, Penang by Dubai’s Cityscape Awards Global.
Putra Perdana Construction hits record revenue for FY15
Putra Perdana Construction Sdn Bhd (PPC), the construction arm of Putrajaya Perdana Bhd which is bidding for RM4.5 billion worth of projects in the next two months, is targeting another record year in its current financial year ending Dec 31, 2016 (FY16), driven by its firm order and tender books.
IOI Properties plans third China mixed-use project
IOI Properties Group Bhd will embark on its third property project in China, after winning the tender to acquire a 6.2-acre (2.51ha) parcel of leasehold land in Xiang An central business district in Xiamen, China, for 2.32 billion yuan (RM1.4 billion).
Astaka launches One Bukit Senyum master plan
A one-minute drive from customs, immigration and quarantine complex connecting Singapore and southern Peninsular Malaysia, One Bukit Senyum will be Johor Bahru’s new central business district when it is fully completed in 2021...
Sunsuria posts higher profit in 3Q
Sunsuria attributed the higher revenue and profit to its ongoing property development projects.
Plenitude’s 4Q net profit falls 84.7%
The sharp fall was mainly because of a bargain purchase gain of RM92.2 million in the takeover of The Nomad Group Bhd in the previous corresponding quarter.
Keys handed over to Danau Mutiara home owners
Putra Perdana Development (PPD), a green property developer in Putrajaya, Precinct 16 — known for its development of energy-efficient lakefront bungalows — said in a statement on Saturday that it had completed the handover of units to home owners of its Danau Mutiara development project.
PPESW-BPSB JV clinches Pan Borneo Highway job
The award is for Phase 1 of the construction of roads and bridges from Sg Awik to Bintangor Junction in Sarawak.
CIMB cuts base lending rate
CIMB Group Holdings Bhd has joined other banks in lowering its base rate (BR) by 20 basis points (bps) for loans or financing products for its Malaysian business.
