KUALA LUMPUR: The extension of the Home Ownership Campaign (HOC) will drive property sales in the country and help kickstart economic growth, said the Real Estate and Housing Developers Association (REHDA) Malaysia. Read full story
KUALA LUMPUR: Axis Real Estate Investment Trust’s (Axis-REIT) net income more than doubled to RM99.98mil in the fourth quarter ended Dec 31, 2021 (4Q21) against RM49.27mil posted a year earlier. Read full story
KUALA LUMPUR: Supermax Corp Bhd confirmed that two of its existing contracts for the supply of nitrile gloves in Canada have been terminated. Read full story
KUALA LUMPUR: Destini Bhd’s wholly-owned subsidiary, Destini Prima Sdn Bhd, has secured two contracts from the Ministry of Defence (Mindef) worth a total of RM89 million to provide maintenance services and supply equipment to the military. Read full story
KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) will be building a 60,000 tonnes per annum melamine plant in Gurun, Kedah, making it the sole melamine producer in Southeast Asia. Read full story
HONG KONG: China is drafting nationwide rules to make it easier for property developers to access pre-sale funds held in escrow accounts, in its latest move to ease a severe cash crunch in the embattled sector, four people with knowledge of the matter said. Read full story
KUALA LUMPUR: The FBM KLCI ended lower on Wednesday on profit-taking pressure even as energy stocks rose amid rising crude oil prices. Read full story
KUALA LUMPUR: The Brent crude price continued with its uptrend to close near US$89 (US$1=RM4.19) per barrel amid possible supply disruption following the latest unrest in the Middle East. Read full story
KUALA LUMPUR: Proton Holdings Bhd has signed a memorandum of agreement (MoA) with smart Automobile Co Ltd (smart) to introduce the latter’s range of New Energy Vehicles (NEVs) into the rapidly growing ASEAN automotive market. Read full story
KUALA LUMPUR: UEM Sunrise has launched the sales gallery for its latest development project, KAIA Heights, an exclusive hilltop high-rise condominium in Equine Park, Seri Kembangan. Read full story
KUALA LUMPUR: Nestcon Bhd has secured a construction contract worth RM188.5mil from Konsortium Exsim Development Sdn Bhd (KED). Read full story
KUALA LUMPUR: Texchem Resources Bhd has proposed to acquire 1.40 million ordinary shares, or 28% stake in Sushi King Sdn Bhd for RM102.2mil cash. Read full story