EPF CEO Datuk Shahril Ridza Ridzuan: Basically they [EPF PR1MA applicants] need to decide what’s more important — the flexibility to use their withdrawals for other needs or for a PR1MA home to live in…

More than four years after Japanese retailer AEON Co Ltd took over France-based Carrefour’s loss-making business in Malaysia, it is still struggling to improve its bottom line. Coming under increasing pressure, the retailer plans to close three AEON BiG stores in the Klang Valley.

Revenue also dropped 48.1% to RM44.71 million in 4QFY2016, from RM86.1 million in 4QFY2015, due to lower revenue from the building materials division.

Hua Yang said it has introduced Erica and Freesia terraced homes in phase 1 of the 777-acre BUSI township.

The signing of the three agreements will be followed with the issuance by EWI of its prospectus in respect of the IPO, which is expected in next month.

Finance Minister Heng Swee Keat announced, with immediate effect, in his Budget statement today that the CPF housing grant has been raised to S$50,000 (RM157,144) for first-timer couples buying four-room or smaller HDB flats from the resale market

EcoWorld will be focusing on 17 of its core developments projects that spans across three growth areas: Penang, Klang Valley and Iskandar Malaysia in Johor.

The development comprises 534 units spread over two towers of 39 and 40 storeys and has a gross development value of RM971 million.

CapitaLand last Friday revealed it had acquired a portfolio of income-producing three office buildings and a mall, comprising two office buildings in Yokohama — Yokohama Blue Avenue and Sun Hamada; one office building in Tokyo — Kokugikan Front; and one shopping mall in Saitama — Seiyu & Sundrug.

The properties are expected to generate a net property yield of 6.9%.