“We remain positive on the property sector as this represents a normalization in rates,” Simone Yeoh, an analyst at JPMorgan, said in a report dated March 4.
By Bloomberg
Friday, March 5, 2010
'Rate hike won't hurt property demand'
Malaysia’s decision to raise interest rates is unlikely to hurt property demand which will be driven by the economic rebound, a strengthening ringgit and affordability levels, according to JPMorgan Chase & Co.
“We remain positive on the property sector as this represents a normalization in rates,” Simone Yeoh, an analyst at JPMorgan, said in a report dated March 4.
By Bloomberg
“We remain positive on the property sector as this represents a normalization in rates,” Simone Yeoh, an analyst at JPMorgan, said in a report dated March 4.
By Bloomberg
NSTP sells land to Megah Selesa
The New Straits Times Press (Malaysia) Bhd (NSTP) has sold a plot of land in Shah Alam to Megah Selesa Development Sdn Bhd for RM15.9 million.
The sale and purchase agreement for the 217,807sq ft plot in Bukit Jelutong was signed on March 3, NSTP said in a filing to Bursa Malaysia yesterday.
Proceeds from the sale will be used for working capital, the company added. NSTP bought the land in November 1995.
By Business Times
The sale and purchase agreement for the 217,807sq ft plot in Bukit Jelutong was signed on March 3, NSTP said in a filing to Bursa Malaysia yesterday.
Proceeds from the sale will be used for working capital, the company added. NSTP bought the land in November 1995.
By Business Times
Iskandar Investment invites tenders for Legoland Malaysia
KUALA LUMPUR: Iskandar Investment Group has invited tenders for the construction of Legoland Malaysia Theme Park at Iskandar Malaysia.
Package two comprises of primary infrastructure and package three is for the service and administration building, open car park and substation 33kV.
The notice of invitation was issued by IDR Assets Sdn Bhd, a member of the group, according to an advertisement on Friday, March 5.
"The invitation is restricted to companies registered and have offices actively operating in Johor," according to the notice.
Another criteria is that the companies must have completed building and infrastructure projects, with a value of no less than RM20 million accumulated over the last five years.
By The EDGE Malaysia
Package two comprises of primary infrastructure and package three is for the service and administration building, open car park and substation 33kV.
The notice of invitation was issued by IDR Assets Sdn Bhd, a member of the group, according to an advertisement on Friday, March 5.
"The invitation is restricted to companies registered and have offices actively operating in Johor," according to the notice.
Another criteria is that the companies must have completed building and infrastructure projects, with a value of no less than RM20 million accumulated over the last five years.
By The EDGE Malaysia
Pantai to open RM500m hospital in Johor
Healthcare group Pantai Holdings Bhd is scheduled to open a RM500 million hospital in the Iskandar region in Johor.
The 400-bed hospital will also have a centre of excellence and a nursing college, the hospital's chairman Tan Sri Khatib Abdul Hamid said.
"It will be ready within five years, but it can be earlier," Khatib said.
However, it is unclear if Pantai will wholly own or merely have a stake in the hospital. It could also lease and operate the premises.
Pantai has also confirmed the opening of a hospital in Sri Manjung, Perak. To be ready in 2012, Pantai will lease this building and manage it.
Pantai now operates nine hospitals nationwide.
Khatib was speaking to reporters at a signing ceremony with Preventive Healthcare Sdn Bhd.
Preventive Healthcare basically markets health screening packages locally and abroad. Its customers can then seek treatment at any one of the Pantai hospitals.
Its chief executive officer Dax Lee said it now has some 600 members and is looking to grow this to 20,000 within the next five years.
This three-year-old company is also looking to rake in RM290 million in revenue in the next five years as it makes an estimated 150,000 transactions from its services.
Lee added that the business, which he owns with his partner, the chief operating officer Cheong Dik Hau, has been profitable since the first year.
Preventive Healthcare has set up an office in Jakarta and will this year branch out to Medan, Indonesia and Hanoi, Vietnam. It is also looking at moving into Surabaya (Indonesia) and Guangzhou (China) in 2011 to lure foreign patients into Malaysia.
The company also provides electronic storage of all medical records for up to 15 years.
By Business Times
The 400-bed hospital will also have a centre of excellence and a nursing college, the hospital's chairman Tan Sri Khatib Abdul Hamid said.
"It will be ready within five years, but it can be earlier," Khatib said.
However, it is unclear if Pantai will wholly own or merely have a stake in the hospital. It could also lease and operate the premises.
Pantai has also confirmed the opening of a hospital in Sri Manjung, Perak. To be ready in 2012, Pantai will lease this building and manage it.
Pantai now operates nine hospitals nationwide.
Khatib was speaking to reporters at a signing ceremony with Preventive Healthcare Sdn Bhd.
Preventive Healthcare basically markets health screening packages locally and abroad. Its customers can then seek treatment at any one of the Pantai hospitals.
Its chief executive officer Dax Lee said it now has some 600 members and is looking to grow this to 20,000 within the next five years.
This three-year-old company is also looking to rake in RM290 million in revenue in the next five years as it makes an estimated 150,000 transactions from its services.
Lee added that the business, which he owns with his partner, the chief operating officer Cheong Dik Hau, has been profitable since the first year.
Preventive Healthcare has set up an office in Jakarta and will this year branch out to Medan, Indonesia and Hanoi, Vietnam. It is also looking at moving into Surabaya (Indonesia) and Guangzhou (China) in 2011 to lure foreign patients into Malaysia.
The company also provides electronic storage of all medical records for up to 15 years.
By Business Times
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