Warning after strong China property growth
HONG KONG: Beijing's super-loose monetary policy and unprecedented stimulus measures boosted investment in the mainland's real estate industry to a record 3.6 trillion yuan (RM1.77 trillion) last year.
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BKP rewards contractors with special ang pows
KUALA LUMPUR: Twelve contractors got a huge windfall this Chinese New Year when Bukit Kiara Properties Sdn Bhd (BKP) paid out over RM300,000 as a special bonus to them for meeting high quality standards in its project, VERVE Suites in Mont'Kiara, Kuala Lumpur.
Permaju to acquire 70% equity in Hardie Development
KUALA LUMPUR: Permaju Industries Sdn Bhd has entered into a conditional sale and purchase agreement (SPA) with Hardie Development Sdn Bhd (HDSB) and its directors to acquire a 70% equity interest in the company, Permaju Industries announced to Bursa Malaysia on March 8.
UOA REIT offered two properties
KUALA LUMPUR: UOA Asset Management Sdn Bhd, the management company of UOA Real Estate Investment Trust (UOA REIT), has received two offer letters dated March 8 from UOA Holdings for the sale of two properties here, UOA REIT announced to Bursa Malaysia on the same date.
Dubai World deal hope lifts markets, divides creditors
DUBAI: Hopes of progress this week on Dubai World’s US$26 billion (RM86.89 billion) debt restructuring lifted stocks and eased fears of default but potential divisions emerged among creditors to the state-owned conglomerate, according to Reuters.
#Update* Space U8 to open in September, soft launch in July
PETALING JAYA: Space U8 will be officially opened to the public in September 2010. However, a soft launch event for invited guests is being planned in conjunction with the Soccer World Cup tournament in July.
YTL Corp unit to acquire Niseko Village
KUALA LUMPUR: YTL Hotels & Properties Sdn Bhd (YTLHP) has entered into an acquisition agreement to acquire a new subsidiary based in Japan, said holding company YTL Corp Bhd in a March 8 Bursa Malaysia filing.
Maybank ups BLR by 25bp to 5.8%
KUALA LUMPUR: Malayan Banking Bhd will increase its base lending rate (BLR) by 25 basis points from 5.55% per annum to 5.80% per annum effective Tuesday, March 9.
Maybank said on Monday, the base financing rate (BFR) of Maybank Islamic Bhd would similarly be revised from 5.55% to 5.80% effective the same date.
EPF buys 24.75 million MRCB shares
KUALA LUMPUR: The Employees Provident Fund Board (EPF) had stepped up its acquisition of shares in Malaysian Resources Corp Bhd (MRCB), acquiring another 24.75 million shares last Friday, March 5.
A filing with Bursa Malaysia on Monday (March 8) showed the shares were acquired at an average price of RM1.479 each.
