Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.
KUALA LUMPUR: Paramount Corp Bhd expects sales from its property segment to hit RM1bil this year compared with RM816mil recorded in 2017, on the back of eight ongoing projects, said Group Chief Executive Officer and Director Jeffrey Chew Sun Teong.
He said there were a few “hero projects” among the eight projects including a mixed development project called Atwater located in Section 13, Petaling Jaya.
“This project is located in a mature area of Section 13 and it is expected to generate a large chunk of the contribution. We also have another project called Greenwoods in Salak Perdana (Sepang) with a total gross development value of RM1.1bil,” he told reporters after the group’s annual and extraordinary general meeting here today.
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