PETALING JAYA: Real estate agency Zerin Properties has adopted instant background check mobile web app HaloCheck.xyz which simplifies the Bank Negara Malaysia’s (BNM) anti-money laundering/counter financing of terrorism (AML/CFT) process. In less than two minutes, all Zerin Properties agents can meet compliance and conduct customer due diligence to BNM’s strict requirements. Real estate agents and … Read more
PETALING JAYA: Mah Sing Group Bhd has achieved its sales target of RM1.6 billion for the financial year ended Dec 31, 2021, and aims to launch RM2.4 billion worth of properties this year. The 2021 sales achievement was mainly driven by its core strategy in digital marketing and affordable properties offered in Kuala Lumpur, Penang, … Read more
PETALING JAYA: Selangor Dredging Bhd (SDB) has completed its Una serviced apartment (pix) project in Jalan Peel, Kuala Lumpur and has handed the keys over to purchasers. To date, some 90% of the project has been sold. The property has many retail conveniences within walking distance as it is across the road from Sunway Velocity … Read more
PETALING JAYA: The suit against IHH Healthcare Bhd by Emqore Envesecure Private Capital Trust on allegations relating to the issuance of shares of its subsidiary Fortis Healthcare Ltd is viewed as having a fleeting negative impact on the counter’s share price by analysts. “We believe this news will have a negative knee-jerk effect on IHH’s … Read more
PETALING JAYA: Renewable energy and environment solutions provider Samaiden Group Bhd wholly owned subsidiary Samaiden Sdn Bhd has entered into a partnership agreement with SWG Technologies (M) Sdn Bhd a wholly owned subsidiary of Sinowaja (Malaysia) Sdn Bhd to collaborate in providing solutions for the renewable energy (RE) market in Sabah and Sarawak. Under the … Read more
PETALING JAYA: Salcon Bhd subsidiary Salcon Engineering Bhd (SEB) has entered into a memorandum of understanding with Berjaya Infrastructure Sdn Bhd (BISB) to jointly undertake water and wastewater infrastructure projects. BISB is involved in the operations, maintenance and management of water treatment plants and the supply of potable water to the concession areas in Perak … Read more
PETALING JAYA: Tropicana Corp Bhd’s new property launches in 2022 will be in the company’s existing townships in Selangor and Johor as well as new hotspots in Genting Highlands and Langkawi. It said prospective buyers can expect more exciting launches from Tropicana this year, from high rise to landed residences, as well as holiday homes … Read more
PETALING JAYA: SK Group, the second largest conglomerate in Korea, committed over US$700 million (RM2.9 billion) investments in Malaysia in 2021 and intends to invest further into the country. In January 2021, SK Nexilis announced a capital expenditure of RM2.3 billion to set up a copper foil manufacturing facility in Sabah, which will be part … Read more
PETALING JAYA: Yinson Holdings Bhd, through its joint venture company with PetroVietnam Technical Services Corp (PTSC), PTSC Asia Pacific Pte Ltd (PTSC AP), has received a six-month extension for the bareboat charter contract for FPSO PTSC Lam Son worth US$9.0 million (RM37.5 million). The extension is part of the addendum entered into by client PTSC … Read more
THE year 2022 promises to be an interesting yet challenging one for the insurance industry arising from the post-IFRS 17 implementations. MFRS 17, issued by the Malaysian Accounting Standards Board, is equivalent to the IFRS 17 Insurance Contracts as issued and amended by the International Accounting Standards Board. The aim of MFRS 17 is to … Read more
PETALING JAYA: Construction group Gagasan Nadi Cergas Bhd had on Dec 28 received a Letter of Award (LA) from a subsidiary of Paramount Corp Bhd (Paramount Group) on the RM195.2 million high-rise affordable housing project. Nadi Cergas Sdn Bhd, a wholly owned subsidiary of Gagasan Nadi Cergas, received the LA from Paramount Property (Sepang) Sdn … Read more
PETALING JAYA: Foreign selloff on Bursa Malaysia saw a slow down last week as offshore investors sold a net of RM38.16 million net of local equities compared to RM348.36 million recorded in the preceding week. According to MIDF Research’s report, the week started off on Monday with retail and local institutions as net buyers at … Read more
PETALING JAYA: Pestech International Bhd has accepted a RM742.95 million design & build works (D&B) and operation & maintenance (O&M) contract from Malaysia Airports (Sepang) Sdn Bhd via its wholly owned subsidiary Pestech Technology Sdn Bhd. According to the group’s Bursa filing, the contract is in relation to the design, supply, installation, testing and commissioning … Read more