News about Malaysia

KUALA LUMPUR (Dec 16): The weak ringgit against the US dollar is not expected to have a major impact on the construction of Ekovest Bhd’s Setiawangsa-Pantai Expressway (SPE), formerly known as the Duta-Ulu Kelang Expressway (DUKE) Phase 3.

KUALA LUMPUR (Dec 15): KUB Malaysia Bhd said the mutual termination of the RM1.

KUALA LUMPUR (Dec 14): The Greater Kuala Lumpur development has been deemed as being negative for the property sector and real estate investment trusts (REITs) by Hong Leong IB Research.

PETALING JAYA (Dec 13): The founder and chairman of The Mines Resort Bhd and Country Heights Holdings Bhd Tan Sri Lee Kim Yew has successfully raised more than RM2 million for charity by putting up his own bungalow collection through private auction.

Eco World Development Group Bhd (Dec 9, RM1.

KUALA LUMPUR (Dec 13): While the spike in Malaysian Government Securities (MGS) 10-year yield has made real estate investment trusts (REITs) relatively less attractive, analysts said the fundamentals of REITs are still intact and are still commanding a premium over MGS yields.

PETALING JAYA (Dec 9): Eastern & Oriental Bhd (E&O) plans to launch phase 2 of Avira Garden Terraces at its Avira Iskandar Malaysia development in Johor in the first half of 2017.

KUALA LUMPUR (Dec 8): Eco World Development Group Bhd (EcoWorld) reported a net profit of RM29.

KUALA LUMPUR (Dec 8): Selangor Dredging Bhd (SDB) has proposed the acquisition of a freehold property in Singapore’s Serangoon Road for S$47 million (RM146.

ISKANDAR PUTERI (Dec 6): Forest City, a mixed-use development on four man-made islands, is expected to contribute RM66 billion in tax revenue to the government over two decades.