KUALA LUMPUR: A massive restructuring exercise is on the cards for conglomerate Sime Darby Bhd and it would like to start hiring bankers to advise on the group restructuring.Its president/group chief executive Tan Sri Mohd Bakke Salleh told Bloomberg that being a conglomerate with hefty wide...

BY TEE LIN SAYandHANIM ADNANWahid-Rahman partnership to unleash the hidden value in PNBPERMODALAN Nasional Bhd (PNB) appears to be stirring from its slumber.In a clear move to show that Malaysia’s largest fund-management company is on a transformative path, PNB invited members of the media for a...

BY S. PUSPADEVIPETALING JAYA: Property developer Mah Sing Group Bhd saw a 8.9% jump in net profit to RM91.89mil for the third quarter ended Sept 30, 2016 from RM84.40mil in the same quarter a year ago.This was achieved on the back of a lower revenue of almost 5% at RM732.37mil from RM770.74mil, a...

BY FINTAN NGTHE onshore or domestic US dollar-ringgit trade has increased markedly ever since Bank Negara started to scrutinise currency-hedging trades and require banks to adhere to rules that were already in place where the offshore or non-deliverable forwards (NDF) trade is concerned.The NDF or...

BY THEAN LEE CHENG IT is obvious that IOI Properties Group Bhd (IOIPG) was determined and focused in its bid for the Central Boulevard land in Singapore’s Marina Bay area.It is also “understandable” that the deal raised quite a few eyebrows among shareholders and other parties given its...

BY WANI MUTHIAHHome visit: Najib is all smiles during a meeting with RMR1M homeowners at RTB Bukit Changgan in Kuala Langat. Also present was Noh (far left).KUALA LANGAT: More people from the low income group will be able to own homes once the Go­­vern­­ment increases the subsidy for the...

BY RUBEN SARIOOrang utan observed in the jungle of Sandakan. KOTA KINABALU: Sabah is piecing together a conservation area that will eventually become a key biodiversity zone about four times the size of Penang island.State Forestry Department director Datuk Sam Mannan said the Kuamut Forest...

Wide variety: Visitors checking out development projects at the StarProperty.my Fair at the KL Convention Centre.KUALA LUMPUR: Assets seen as “safe havens” are in demand now that there is a financial rollercoaster in view of the state of the global economy and foreign exchange rate.Knight Frank...

PKNS collaborated with StarProperty.my to put together an exciting event for the public.The public gathering around the various booths showcasing the real estate collection of PKNS.BY CAITLYN NG LI YUINSINCE its inception in 1964, the Selangor State Development Corporation (PKNS) has built more...

THE Asia Pacific region’s hotel sector has matured over recent years, due to strong regional economic growth and increased corporate and leisure travel.With hotel occupancy rates in excess of 80 per cent in major gateway cities and performance improving year on year, investor interest is high....