News by theedgemalaysia.com

Kuala Lumpur jumped 19 positions to rank 94th on the Economist Intelligence Unit’s (EIU) Global Liveability Index 2023.

The Summit USJ shopping mall has unveiled on Tuesday (June 27), seven new tenants in an effort to revitalise the mall.

Al-‘Aqar Healthcare REIT (Al-‘Aqar REIT) plans to renew five lease agreements between three- and 15 years with the subsidiaries and associated company of KPJ Healthcare Bhd, the company with which it shares a common major shareholder — Johor Corp.

Power Root Bhd is buying 116 parcels of freehold residential land, totalling about 771,949 sq ft in Johor Bahru, Johor, for RM25 million in cash.

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.

The platform will serve to unlock value in Khazanah’s existing portfolio and achieve commercial returns by developing its seed assets through new investments and collaborating with high potential local and international companies. 

The meeting is also to seek shareholder approval to appoint four new members to its board. 

Lower net income coupled with expansion in AUM had led to a lower return on assets for PNB last year, down to 3.1%, from 3.6% in 2021, and 3.5% in 2020 and 2019.

The project, commissioned by Global Vision Logistics Sdn Bhd, will establish the country's first green-certified logistics hub, one of the largest in the Asean region. 

Sitting on a 9.77-acre plot of land in Sungai Besi, Desa East Residence comprises two components, namely Vista Adesa Residensi Wilayah and Radium Adesa Residence.