PETALING JAYA: Demand for luxury residential properties is expected to turn cautious, given greater economic uncertainties and a tightening of credit by banks, DTZ Research said in its latest Property Times market report. In the report for Kuala Lumpur for the third quarter, the research house said there would be an increasing downside risk on … Read more
(Bernama) — Iskandar Investment Bhd, the catalytic project developer of Iskandar Malaysia, has secured a RM1.8 billion real estate investment from China-based company, Qingdao Zhouyuan Investment Holdings. Qingdao Zhouyuan is a subsidiary of Hebei-based real estate developer, Zhouda Real Estate Group. President and Chief Executive Officer Datuk Syed Mohamed Ibrahim said the investment project, over … Read more
BWL Group CEO, Dr.Dora Hoan has been appointed as the Chairperson of Association Services Committee for World Federation of Direct Selling Association (WFDSA) at the WFDSA CEO Council Meeting held on 4 Oct 2011 in Istanbul, Turkey.Dr. Dora Hoan is the first person representing the Asian company awarded with an honorary title in the operating … Read more
Singapore’s dollar and Malaysia’s ringgit led a decline in Asian currencies after a report showed manufacturing growth in China slowed, dimming the outlook for regional exports. The ringgit and South Korea’s won retreated from seven-week highs after the Purchasing Managers’ Index fell to 50.4 in October from 51.2 in September, the China Federation of Logistics … Read more
Newcomer Nilamas Corp Sdn Bhd has secured all the requisite licences from the Government to offer digital cable TV in the country and it is targeting the launch of its offering in the second quarter of 2012. Nilamas will compete in the pay-TV space, which has Astro All Asia Networks plc’s (Astro) and several IPTV … Read more
Malaysian billionaire T. Ananda Krishnan, his trusted executive Ralph Marshall along with former Indian Telecoms Minister Dayanidhi Maran and his brother Kalanidhi could face a case in connection with India’s telecoms controversy that has rocked Prime Minister Manmohan Singh’s government. The case relating to criminal conspiracy in the swirling US$800mil (RM2.55bil) Aircel-Maxis telecoms deal was … Read more
Permodalan Nasional Bhd., Malaysia’s biggest state-asset manager, wants to retain SP Setia Bhd.’s Chief Executive Officer Liew Kee Sin and the existing management even after they dismissed its buyout offer as too low. Hamad Kama Piah Che Othman, president of Permodalan or PNB, held talks with Liew on Oct. 7 and reassured him of his … Read more
The Federal Cabinet has approved a proposal for the development of the Malaysian Environmental Performance Index (EPI) by next year, Minister of Natural Resources and Environment Datuk Seri Douglas Uggah said today. “For this purpose, data would be compiled for the whole country and published annually to provide a more comprehensive and clear picture of … Read more
AirAsia X, the long-haul low fare affiliate of Malaysian-based AirAsia Group, has chosen the Samsung’s Galaxy Tab as its gadget of choice for Inflight Entertainment (IFE) and electronic Flight Bag Applications (EFB) for its flights. The use of the Google-powered tablet in AirAsia X’s flights is a result of a partnership between Tune Box, the … Read more
Malaysia’s ringgit rose for a fifth day, the longest winning streak in eight weeks, on speculation global funds will pump more funds into the nation’s assets as the economy sustains its recovery. The currency climbed to its strongest level in more than a week after an Oct. 7 report showed exports rose in August at … Read more