News by Yimie Yong

A requirement for serviced apartment, Soho and Sovo projects

YTL Corp expects its construction, information technology and e-commerce related business, cement manufacturing and trading, property investment and development, management services and others, and its hotels segments to post satisfactory performance in FY17.

Malaysian Resources Corp Bhd (MRCB) is actively looking at all options to dispose of Eastern Dispersal Link (EDL) Expressway in Johor, said MRCB chief corporate officer Amarjit Chhina.

Sunway REIT’s financial performance was, however, partially offset by a weak showing from the office segment.

Tadmax said Wawasan Metro Bina Sdn Bhd has accepted a banking facility for the said sum, which was granted by the United Overseas Bank (M) Bhd.

The subcontract from Lebuhraya Borneo Utara Sdn Bhd is for the development and upgrading of the stretch of highway between Batang Skrang and the Sungai Awik Bridge.

The exchange rate of the local currency does not fare well in the low crude oil price environment.

Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd will join other banks and lower its base rate (BR) and base lending rate (BLR) from tomorrow (July 29), following the reduction in Bank Negara Malaysia's overnight policy rate (OPR) by 25 basis points.

PRG managing director Datuk Lua Choon Hann said it is now a good time to enter Myanmar and the Philippines as demand for affordable housing and infrastructure in these countries is strong.