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Malaysian banking sector trading at all-time low against book value

Based on yesterday's closing of RM1.40, Affin Bank Bhd was trading at the lowest in terms of price-to-book value (P/BV) ratio. The country's smallest lender was trading at 0.29 times of P/BV, followed by Malaysia Building Society Bhd (MBSB) at 0.41 times.

MTT Group and Eden-On-The-Park to develop first integrated senior living resort in Penang

The agreement was signed between MTT Group of Companies executive chairman Datuk Sri Kenny Ong and Eden-On-The-Park chairman John Chin at Evergreen Laurel Hotel in Penang. Also present at the ceremony were Penang Chief Minister Chow Kon Yeow, State housing, local government and town and country planning committee chairman Jagdeep Singh Deo and Eden-On-The-Park managing director Victor Fong.