News about Malaysia

PETALING JAYA (Oct 6): E-commerce will not replace shopping malls because both models need each other to survive, said Retail Group (Malaysia) Sdn Bhd managing director Tan Hai Hsin.

PETALING JAYA (Oct 6): Although there may be a surplus of residential properties in the Iskandar Malaysia region in the short term, it is not a big issue in the long run as the economic zone aims to have about 600,000 to almost 700,000 houses by 2025, said Iskandar Regional Development Authority vice-president of planning and compliance Sakurah Jamaluddin.

PETALING JAYA (Oct 6): A whopping 96.

KUALA LUMPUR (Oct 5): Malaysian Resources Corp Bhd (MRCB) shares fell as much as four sen or 4% as the builder and property developer's new rights shares start trading today.

KUALA LUMPUR (Oct 5): Sime Darby Bhd’s plantation and property arms have received the Securities Commission Malaysia's (SC) approval for the classification of their shares as syariah-compliant securities.

KUALA LUMPUR (Oct 4): Investment banks (IB) should not take a short-term view on a property lending guideline, introduced in 1997, as it is still relevant today, said Bank Negara Malaysia.

KUALA LUMPUR (Oct 3): Tropicana Corp Bhd has redesignated its executive director, 27-year-old Dion Tan, the son of founder and largest shareholder Tan Sri Danny Tan Chee Sing who has a 30.

KUALA LUMPUR (Oct 2): Sime Darby Bhd said it has novated its rights and obligations under its Islamic debt papers programmes to its property development arm, Sime Darby Property Bhd.

KUALA LUMPUR (Sept 29): Amcorp Properties Bhd (AmProp) plans to raise up to RM597.

KUALA LUMPUR (Sept 28): SYF Resources Bhd said its fourth quarter net profit fell 43.