News Feed
MPSJ picks Zone 2 to compete in cleanliness contest
A community garden was part of MPSJ’s initiative for the Clean Zone area back in 2013. — filepicTHE zone that encompassed PJS 7, PJS 9, PJS 11 and Taman Sunway Utama in Bandar Sunway will now represent the council at the state’s Clean Zone programme.The state-wide campaign was launched in...
Lower interest rate poser
“Banks whose base rates closely track interbank rates, may eventually have to lower their base rates if the downtrend in interbank rates persists,” Maybank Investment Bank Research (Maybank IB). said.PETALING JAYA: Banks will likely have to cut their base rates – and consequently their...
Base rate raise by banks to relieve margin pressures, says Maybank IB
KUALA LUMPUR : The move by Public Bank Bhd and Hong Leong Bank Bhd to raise their base rates (BR) is a positive move in alleviating some of the pressure on their net interest margins (NIM) amid an environment of declining interbank rates, said Maybank IB Research.In a note today, the research house...
Lafarge facing stiff competition and higher costs, says Maybank IB Research
KUALA LUMPUR : Lafarge Malaysia's Bhd weaker first quarter earnings was reflective of the stiff competition and higher costs faced by players in the building materials segment, said Maybank IB Research.In a note today, the research house said that the company's quarterly earnings made up only 10%...
UEM Sunrise to focus on fundamentals
BY TOH KAR INNPETALING JAYA: UEM Sunrise Bhd will focus on strengthening its fundamentals in order to steer growth and weather the challenging property market in 2016 and beyond.The key priorities include establishing a comprehensive marketing strategy, managing operating costs, intensifying the...
Sunsuria appoints new CEO
PETALING JAYA: Property developer Sunsuria Bhd has appointed Koong Wai Seng as chief executive officer.In a filing with Bursa Malaysia, Sunsuria said Koong succeeded Ho Hon Sang, who has resigned to pursue other interests.The company said Ho would take up an advisory role to the founder and...
Genting Plantations impacted by lower palm oil output, weak property sentiment
KUALA LUMPUR : Genting Plantations Bhd (GenP) reported first quarter (1QFY16) earnings that were below estimates due to negative output growth from its upstream palm oil segment as well as flattish earnings from its property division, said Maybank IB Research.In a note today, the research house...
Resort operators in Eastern Sabah report increase in tourist arrivals, says Shahidan
BY LOSHANA K SHAGARKUALA LUMPUR: Resort operators within the Eastern Sabah Security Zone (Esszone) have reported an increase in tourist arrivals over the last year, a sign that tourist confidence has returned.Minister in the Prime Minister’s Department Datuk Seri Shahidan Kassim (pic) said the...
Four houses damaged in Cameron Highlands landslide
BY AMANDA YEAPA landslide hit several houses in Kuala Terla, Cameron Highlands.IPOH: The families of four homes were evacuated after a landslide in Kuala Terla, Cameron Highlands, early Monday.A spokesman from the Brinchang Fire and Rescue Department said rocks and sand tumbled down the back of the...
Over 2,000 homeless in Kudat fire
BY MUGUNTAN VANARKOTA KINABALU: Firemen are continuing to fight a predawn major fire that has spread through a massive squatter colony in Sabah’s northern Kudat about 200kms from here.An estimated 250 houses have been destroyed as firemen continue to battle the blaze at the settlement of wooden...