Market Updates
Prudential to move to Tun Razak Exchange by 2019 KUALA LUMPUR: Prudential will be relocating its headquarters to a 27-storey building in the upcoming Tun Razak Exchange here, Malaysia’s first dedicated international financial district. Slated for opening by 2019, the building will house all of Prudential’s life insurance and asset management businesses in Malaysia under one…
BNM governor highlights imbalances in property market as significant risk to overall economy in event of shock November 17, 2017 13:51 pm +08 KUALA LUMPUR (Nov 17): The imbalances in the property market pose significant risks to the overall market in the event of a shock, said Bank Negara Malaysia (BNM) governor Tan Sri Muhammad…
IJM Construction bags RM378m job from See Hoy Chan KUALA LUMPUR: IJM Corporation Bhd’s construction unit has secured a RM378mil contract to build an environmentally-friendly corporate office tower in Damansara Uptown, Petaling Jaya. It said on Monday its IJM Construction Sdn Bhd was awarded a contract from Damansara Uptown Retail Centre Sdn Bhd, a subsidiary of…
Wisma Selangor Dredging sold for RM480mil; special dividend in store KUALA LUMPUR: Selangor Dredging Bhd (SDB) is selling its headquarters Wisma Selangor Dredging, located in the city centre, for RM480mil in cash. In a filing with Bursa Malaysia, the property developer said it expected to make a gain of RM146.8mil from the proposed sale. This translates into…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
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