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From backwater to boomtown
BY CAITLYN NG LI YUINliyuin@ocision.comSungai Besi is now seeing a surge in growth and development, after decades of being known as a sleepy tin mining town.Sungai Besi airport.THE Iron River may sound like a place straight out of a movie, but it is actually a direct translation of the Malay name...
SP Setia beefs up its project arsenal
Artist impression of Setia Putra Residences designed to optimize comfort and convenience.Eco-friendly and affordable lifestyle housing in the offing.By ANGIE NG angie@thestar.com.myBUOYED by its strong branding and well designed product offerings, SP Setia Bhd is undeterred by thecurrent...
IJM Land introduces Penduline, affordable landed homes in Bandar Rimbayu
Established developer continues to assist young property buyers by providing welcoming and modern homes, at reasonable price points.Bandar Rimbayu encases vast green areas, that will offer spatial freedom for the community to enjoy.By Viknesh Ashleyvikneshashley@thestar.com.myBandar Rimbayu...
MBSB rights issue to lead to huge EPS dilution
KUALA LUMPUR: Malaysia Building Society Bhd’s (MBSB) proposed rights issue could dilute its 2016-17 estimates earnings per share by up to 40%, according to Affin Hwang Capital.“We estimate a potential 39-40% dilutive impact on 2016-17 estimates EPS, barring any potential corporate enhancement...
MBSB slips after rights issue to raise RM2b
KUALA LUMPUR: Malaysia Building Society Bhd (MBSB) fell to a low of RM1.37 early Friday after its proposed a cash call which involves a renounceable two-call rights issue of new shares to its entitled shareholders to raise up to RM2bil.At 10.15am, MBSB was down five sen to RM1.39. There were 2.42...
Ranhill to build treatment plant in China
PETALING JAYA: Ranhill Holdings Bhd, a company with a focus on power and water, has executed a private-public partnership concession agreement to undertake a 10-million-litre-per-day wastewater treatment plant in Maoping Industrial Park in China.The company said in a filing with Bursa Malaysia that...
191 household heads get communal grants
Musa (second from left) giving the mock key to Kampung Iburu residents. – Bernama picSIPITANG: The Sabah government has issued communal grants for 1,133ha of land to 191 household heads in Kampung Iburu in this district.Sabah Chief Minister Datuk Seri Musa Aman said the grants were issued to...
New homes for fire victims in Terengganu
KUALA NERUS: The Terengganu government is offering new houses to four families in Kampung Duyong Kecil who were left homeless by a fire.Mentri Besar Datuk Seri Ahmad Razif Abd Rahman said the victims were given options depending on whether they owned land or not."For those who own land, the...
Fostering ties among residents
Children taking part in a colouring contests at the K1M programmer at the Phase 3 flats.BY YVONNE T. NATHANBANDAR Baru Sentul Perdana’s community square became a one-stop centre for residents in the area to build closer neighbourly ties.The annual 1Malaysia Community (K1M) Information Programme...
MBSB to raise up to RM2bil through rights issue
BY CECILIA KOKKUALA LUMPUR: Malaysia Building Society Bhd (MBSB) plans to raise up to RM2bil via a renounceable two-call rights issue of new shares to meet its capital requirement.In a filing with Bursa Malaysia on Thursday, the financial services provider said the entitlement basis and issue price...