News about Malaysia

KUALA LUMPUR (Dec 19): Ekovest Bhd has issued a takeover notice to buy a 62% stake in Iskandar Waterfront City Bhd (IWCity) at RM1.

  PETALING JAYA (Dec 19): The rapid rise of Malaysia’s real housing prices since 2008 could be a source of future instability, the World Bank said in a recent report.

KUALA LUMPUR (Dec 15): Bertam Alliance Bhd is buying 1.

KUALA LUMPUR (Dec 15): Sunway Bhd will set up a RM5 billion perpetual Islamic medium term note (IMTN) programme to finance its investment activities, capital expenditure and for working capital.

KUALA LUMPUR (Dec 15): Eco World Development Group Bhd (EcoWorld) will lower its financial year ending Oct 31, 2018 (FY18) sales target to RM3.

KUALA LUMPUR: AmanahRaya Real Estate Investment Trust (REIT) has proposed to sell a piece of freehold land in Shah Alam to Nippon Express (M) Sdn Bhd for RM105 million.

KUALA LUMPUR (Dec 15): Property developer Tiger Synergy Bhd has won a RM1 billion contract to build affordable homes in Seremban.

KUALA LUMPUR (Dec 15): Tiger Synergy Bhd shares rose as much as one sen or 22% to 5.

PETALING JAYA (Dec 14): Federal Territories (FT) Minister Datuk Seri Utama Tengku Adnan Tengku Mansor has slammed Cheras MP Tan Kok Wai over his claims that DBKL had sold land without open tender, as well as over affordable housing development matters in Kuala Lumpur.

KUALA LUMPUR (Dec 14): China’s Wanda Group has denied allegations by a blogger that the company is facing a cash crunch, with assets having shrunk by more than half, Bloomberg reported today.