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E&O reports RM8.8mil loss in Q3

KUALA LUMPUR: Eastern and Oriental Bhd posted a net loss of RM8.8mil for the third quarter ended Dec 31, 2018 from a net profit of RM21.98mil in the same period the previous year.

Hong Kong’s pent-up property demand may herald price rebound

HONG KONG: The outlook for Hong Kong’s property market, the world’s least affordable, has started to firm with some analysts predicting prices could rise as much as 10 percent this year after only a short-lived correction.

Pent-up demand, expectations of slower interest rate rises and optimism Beijing and Washington will soon hammer out a trade deal, have combined to boost sales after prices drifted lower from mid-2018.

China’s January home price growth slips to nine-month low

ZHENGZHOU, China: Growth in China’s new home prices eased slightly in January from December, in initial signs the property market is cooling as the economy slows, but price gains in annual terms accelerated.

CIMB Research retains hold for Sime Darby, TP RM2.50

KUALA LUMPUR: CIMB Equities Research is retaining its Hold recommendation for Sime Darby with an unchanged sum-of-parts based target price of RM2.50. The stock offers a decent FY19-20F yield of 3.8%-4.0%.

Cubans expected to voice unprecedented opposition in constitutional vote

HAVANA (Reuters) - For the first time since the 1959 Revolution, Cuban voters on Sunday may express significant dissent, when they go to the polls to ratify a new constitution that institutes modest economic changes while maintaining the one-party system.

Explainer - What is old and new in Cuba's proposed constitution

HAVANA (Reuters) - Cubans go to the polls Sunday to ratify a Communist Party-proposed overhaul of the island’s 1976 Magna Carta.

Malaysian building material firms,contractors to gain from ECRL revival

PETALING JAYA: The potential revival of the East Coast Rail Link (ECRL) will not only benefit local construction players, but there will also be positive spillover effects on building material companies in Malaysia.

“We’re hopeful the matter can be revived and that China will meet our request for a price reduction,” Lim told reporters yesterday during the 12th Malaysian Property Summit 2019.

No probe yet as MACC studies Mindef deals report

PUTRAJAYA: The anti-graft agency says it needs time to determine if there are grounds to launch an investigation into questionable land swap deals involving the Defence Ministry (Mindef).

Property sector may take up to two years to recover

Sulaiman: Global uncertainties weaken consumer sentiment

Rahim & Co research director Sulaiman Saheh said uncertainties in the global and local economic environments have weakened consumer sentiment, adding that issues such as affordability and the property overhang in the country would require time to be resolved.  “Earlier, we thought that the market would recover this year."(Filepic shows Sulaiman(left) speaking at a property review event on Feb 16.)

Kindness tour kicks off at Digi HQ

SHAH ALAM: The #Stand­Together Kindness Tour, an effort to bring kindness workshops to schools across Malaysia, kicked off at the Digi headquarters here.

Kindness rocks: Ling (second row, seventh from left), Cheang, Wong and Fakhriyyah (third row, eighth from left) and students and teachers from 31 Selangor schools posing with representatives from R.AGE, SP Setia, IMU, MOE and Digi.