News by theedgemalaysia.com

SkyWorld Development Bhd is committed to achieving a return on equity (ROE) of over 20% for its shareholders going forward.

Loan applications for property purchases rose by 23% month-on-month (m-o-m) in May after a decline of 23% m-o-m in April. 

The 21.41-acre commercial hub will have a gross development value of RM300 million.

The asset comprises a 22-storey purpose-built office building together with the annexed six-storey Telekom Exchange and five level of basement car park, located at Jalan Raja Muda Abdul Aziz.

Both firms entered into a subscription and shareholders agreement to establish a 50:50 special purpose vehicle (SPV) named Exio Logistics Sdn Bhd.

Located at Bukit Kepayan, the RM79.2 million Cahaya Kristal spreads across 1.6-acre of leasehold land.

The recent hike in conveyancing legal fees after the newly enacted Solicitors' Remuneration (Amendment) Order 2023 was gazetted is untimely, amid the rising cost of living, said the Malaysia Competition Commission (MyCC).

IOI Corp Bhd has appointed former Khazanah Nasional Bhd senior adviser and director Lim Tuang Ooi as its new independent and non-executive director.

The government is seeking to strike out a lawsuit revolving around the cancellation of the RM110 billion High-Speed Rail (HSR) project between Malaysia and Singapore, on the grounds that public policy decisions are a non-justiciable matter in any court and plaintiff Mohd Hatta Sanuri has no legal right to initiate the suit.

RHB Investment Bank research has maintained its “overweight” rating on the property sector and said it remains upbeat on the sector, given positive news flow that could lift market sentiment, including the revival of major infrastructure projects, a potential review of the Malaysia My Second Home (MM2H) programme, other potential catalytic developments, as well as a stable interest rate outlook.