Category: Berita Hartanah

Seacera warns of loan defaults if proposed debt-to-equity swap and share placement not done on time

KUALA LUMPUR (April 18): The shareholder tussle in tile maker Seacera Group Bhd seems to be hotting up. Seacera warns that the company’s financial constraints may potentially lead to it defaulting on loan repayments as the proposed fund-raising exercises, which involves recapitalisation and private placement, are unable to be completed on time. Without the proposals, […]

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Resumption of ECRL project timely as catalyst for equity market

KUALA LUMPUR (April 18): The decision to resume the East Coast Rail Link (ECRL) project after nine months of negotiations was timely, as it will become a catalyst for the equity market since the external environment has been very volatile, says Bank Islam Malaysia Bhd. Its chief economist, Dr Mohd Afzanizam Abdul Rashid said the higher local participation in the project bodes well for the construction-related sector […]

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Dr M says F1 may return to Malaysia next year

KUALA LUMPUR (April 18): Conforming his desire to see the Formula One (F1) race return to Malaysia, Tun Dr Mahathir Mohamad says it could happen as early as next year or 2021. Malaysia had stopped hosting the F1 after 2017, citing rising costs and limited returns. But the prime minister today said the Malaysian Grand […]

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Malaysian tourist injured in Taiwan quake

TAIPEI (April 18): A 6.1-magnitude earthquake jolted Taiwan on Thursday, the US Geological Survey said, shaking buildings and disrupting traffic. In the capital Taipei, high-rises swayed while some panicked schoolchildren fled their classrooms in eastern Yilan county, according to reports. The quake was felt across the island and a highway connecting Yilan and Hualien was […]

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New framework to promote private investment in airports

KULAI (April 18): The new Operating Agreement (OA) Framework with Malaysia Airport Holdings Bhd (MAHB) to be finalised in June will enable the private sector to collaborate with MAHB in developing the country’s airport infrastructure and facilities, says Transport Minister Anthony Loke. He said with the new framework, the private sector may invest funds and collaborate with […]

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DONE DEAL: 3-storey semi-dee factory, Megah 18, Bukit Jelutong, Shah Alam, Selangor

Rented for: RM13,000 a month (about RM2.02 psf) Concluded by: Kevin Low (REN 03616) of Zerin Properties (012-299 4680) When: November 2018 Noteworthy:● Freehold● Corner lot● Gross built-up: 6,440 sq ft; land size: 8,928 sq ft● High ground floor ceiling at 6.1m● Passenger lift● Easy access to major highways, namely the North-South Expressway, Guthrie Corridor […]

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Property overhang in Sabah not serious – Jaujan

KOTA KINABALU (April 17): State Local Government and Housing Minister Datuk Jaujan Sambakong said the problem of house overhang in Sabah is not serious based on the records obtained for the past six years. He said during the period, there were 10,769 units of unsold houses with an average of 1,795 units a year. “My ministry supports […]

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More deals from China following ECRL renegotiation — MITI

KUALA LUMPUR (April 17): Malaysia’s trade policy adjustments and refinements are expected to result in a higher engagement with Chinese companies, particularly after the recent renegotiation on the East Coast Rail Link (ECRL) project. Deputy International Trade and Industry Minister Dr Ong Kian Ming said the latest development on the ECRL would have cleared uncertainties […]

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