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UEM Sunrise to expand RTO scheme

KUALA LUMPUR: Property developer UEM Sunrise Bhd plans to expand its rent-to-own (RTO) scheme even as it partners with Malayan Banking Bhd (Maybank) in the bank’s rental scheme.

Managing director and chief executive officer Anwar Syahrin Abdul Ajib(pic) described UEM Sunrise RTO scheme as a value-added solution for those planning to buy a house but were in the midst of building their careers

Investing in N. Korea: Money pit or golden opportunity?

PYONGYANG: Donald Trump dangled the carrot of foreign investment in front of North Korean leader Kim Jong Un at their nuclear summit, but analysts say few will want to put money into one of the highest-risk business environments in the world.

Few takers: A file picture showing Pyongyang’s skyline. Trump dangled the carrot of foreign investment in front of Kim at their recent summit, but analysts say few will want to put money into one of the highest-risk business environments in the world. — AFP

Win-win solution proposed for smelting plant electricity usage dispute

KUCHING: Sarawak Energy Bhd says it has proposed a “win-win” solution to Pertama Ferroalloys Sdn Bhd (PFA) over the latter’s request not to be charged for unconsumed electricity at its manganese alloys smelting plant in Samalaju Industrial Park, Bintulu.

Wall St heads lower on rising China trade tensions

NEW YORK: U.S. stocks fell on Friday after the United States announced tariffs on $50 billion worth of Chinese goods, spurring a promise of immediate and equivalent retaliation from Beijing.

Battersea earnings could be recognised by Q4 next year

PETALING JAYA: Earnings from the sale of Sime Darby Property Bhd’s Battersea Power Station Phase 2 (BPS2) project to Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) could be recognised by as early as the fourth quarter of next year.

In a research report yesterday, Maybank Investment Bank Research (Maybank IB) said the deal with PNB - EPF was expected to be concluded by next month.  “Sale of BPS2 commercial spaces to EPF-PNB would be concluded by July 2018 with earnings to be recognised upon completion of the BPS2 construction works between the fourth quarter of 2019 and third quarter of 2020.”

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