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Lower loan growth and tight liquidity seen for banking sector
M&A noted that loan growth in March was lower at 6.4% against 7.4% in February from the slowdown in household and business loans.PETALING JAYA: The banking sector is expected to experience lower loan growth and tight liquidity this year, which would shrink banks’ margin, according to...
Lee: Act on contractors who jeopardise public safety
PETALING JAYA: Authorities must come down hard on contractors who fail to take precautions which could jeopardise public safety in and around work sites in the country, said the National Institute of Occupational Safety and Health (Niosh).Niosh chairman Tan Sri Lee Lam Thye (pic) said Tuesday’s...
KK village’s illegal structures torn down
Bringing it down: The enforcement team demolishing illegal structures at Kg Muhibbah, Sembulan in KK.KOTA KINABALU: More than 40 illegal structures in the city’s eyesore village in Sembulan have been demolished by the authorities.Kota Kinabalu mayor Datuk Yeo Boon Hai said the operation to...
Parties ink deal to collaborate on smart city
BY NELSON BENJAMINIsmail (right) exchanging documents with Wu (left) to establish the Iskandar Malaysia Greenland Smart City Experimental Centre. Looking on is Mohamed Khaled (second from left).JOHOR BARU: A Chinese developer will be building an experimental centre using advanced technology to...
LBS Bina expects to fully sell out Cameron Highlands units by year-end
BY EUGENE MAHALINGAMKUALA LUMPUR: LBS Bina Group Bhd expects to fully sell out its Cameron Centrum Precinct 1 development in Cameron Highlands by year-end, said the company's managing director Tan Sri Lim Hock San.According to Lim, the project, which comprises 58 commercial units, was already 40%...
LBS Bina sees hitting RM1.2bil sales
BY EUGENE MAHALINGAMKUALA LUMPUR: LBS Bina Group Bhd is optimistic of achieving its 20% year-on-year sales target growth of RM1.2bil this year with the launch of more affordable homes.Managing director Tan Sri Lim Hock San said the company will be launching two projects by July, with a total gross...
S P Setia’s new Aussie land to boost overseas sales
KUALA LUMPUR: Maybank IB Research said that S P Setia Bhd's (SPSB) latest prime land acquisition in Melbourne, Australia is a positive move as it marks the group's first landbanking activity in two years.In a note today, the research house said that the parcel of land in question is strategically...
S P Setia’s new Aussie land to boost overseas sales
BY CHERYL POOPETALING JAYA: S P Setia Bhd’s prospects have been brightened by its new land purchase in Melbourne, Australia, analysts said.The land, measuring 1.02 acres and acquired for A$101mil, is the property developer’s fifth acquisition in the country.It was won through a bidding exercise...
Purchase properties by developer and stand chance to win trip to France
BY JESSIE LIMCheah (left) and Azhar at the launch of Signature Selection-Rendezvous in France 2016.BUYING a property has never felt so rewarding, apart from owning a place you can call home.Purchasers now have the opportunity to head to France and have a rendezvous with football players and a...
Eco World plans share placement
Developer to raise RM768mil for EWI shares and future land acquisitionsKUALA LUMPUR: Eco World Development Group Bhd has proposed to place out 591.06 million new shares or 25% of its paid-up to raise up to RM768.3mil.The property developer said the shares would be placed out at RM1.30 a share.Eco...