News about Malaysia

PETALING JAYA (Jan 12): The overall property market has been depressed by shrinking demand and oversupply across the residential and commercial property sectors, said industry experts.

KUALA LUMPUR (Jan 11): Berjaya Assets Bhd (BAssets) has increased its stake in 7-Eleven Malaysia Holdings Bhd to 4.

KUALA LUMPUR (Jan 11): More good news for government pensioners.

KUALA LUMPUR (Jan 10): Goldis Bhd aims to complete its takeover of IGB Corp Bhd in early March, with the latter's shares to be delisted from the Main Market of Bursa Malaysia within the same month.

KUALA LUMPUR (Jan 10): The prices of four most-utilised building materials, namely steel, cement, ready-mixed concrete and sand, are not the contributing factors in rising housing costs, says the Malaysia Competition Commission (MyCC).

KUALA LUMPUR (Jan 9): Mitrajaya Holdings Bhd has been appointed as the main building works contractor for a public housing project in Precint 17, Putrajaya.

PETALING JAYA (Jan 8): Syarikat Perumahan Negara Bhd (SPNB) Mesra Sdn Bhd will build 8,000 units of Rumah Mesra Rakyat 1Malaysia (RMR1M) – including 5,000 homes for second generation Felda settlers – across Malaysia this year.

KUALA LUMPUR (Jan 8): More than three years on, KUB Malaysia Bhd, which holds the A&W franchise in Malaysia, is still waiting for the Petaling Jaya City Council (MBPJ) to approve its redevelopment plan to build two office towers at its iconic A&W restaurant in Section 52, Petaling Jaya.

PETALING JAYA (Jan 6): Where exactly is the location of the tract Bank Negara Malaysia (BNM) is buying for RM2 billion? The landing, sprawling 55.

KUALA LUMPUR (Jan 5): AMMB Holdings Bhd is terminating its joint venture with Singapore-based ARA Asset Management (Malaysia) Ltd, and is instead signing a new agreement with Amcorp Properties Bhd to manage its real estate investment trust.