News by justin Lim

Tanco Holdings Bhd has aborted a plan to raise RM100 million through an allotment of 100 million redeemable preference shares (RPS) of RM1 each to the Social Security Organisation (Socso).

Malaysian real estate investment trusts (REITs) remain as safe-haven investments for investors amid market uncertainty, owning to growing contagion fears with the collapse of Silicon Valley Bank and the fallout of Credit Suisse Group AG.

MGB Bhd has bagged a RM46.8 million contract to build 155 double-storey terrace houses at the D’Island Residence township in Puchong.

Notably, the total residential overhang units in 2022 are led by those priced between RM500,000 and RM1 million at 33.6%, followed by RM300,000 to RM500,000 (at 29.3%) and below RM300,000 (at 23.5%) categories.

Malaysia's total property transaction value hit RM179.07 billion in 2022, the highest-ever value recorded by the National Property Information Centre (Napic) since 2001.

Nexgram Holding Bhd said it is aborting its plan to acquire a resort in Langkawi for RM90 million to be used as a healthcare service facility.

Following Bank Negara Malaysia's (BNM) decision on Thursday (March 9) to keep the overnight policy rate (OPR) unchanged for the second time this year, some economists say the central bank will continue to adopt a cautious approach on interest rates going forward.

The land, measuring 70,020 sq m, is planned for mixed development.

... to undertake the main building works for the residential condominium towers located in Mont Kiara, Kuala Lumpur.

The stronger earnings performance was lifted by recognition of gain on disposal of associates of RM89.02 million, as well as higher revenue incurred for the quarter.