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Business

Tamadam, ARB sign lease accord

Tamadam Bonded Warehouse Bhd has entered into a sale and leaseback agreement with Amanah Raya Bhd (ARB) involving its main warehousing complex in Klang.

Business

Amanah Raya to raise portfolio

Amanah Raya Bhd (ARB) plans to increase its portfolio size to RM700mil by year-end from RM500mil to RM600mil currently.

Business

Demand spillover to suburban areas

Interview with Ireka Land Sdn Bhd CEO.

Business

Bursa to look at cash return again

Stock exchange operator Bursa Malaysia still has plenty of cash and could be in a position to consider another return of capital to shareholders late this year, says chief executive officer Yusli Mohamed Yusoff.

Business

MAS keen on sale of aircraft

About 30 aircraft are expected to be put up for sale if Malaysia Airlines (MAS) can persuade its parent Penerbangan Malaysia Bhd (PMB) to dispose of the planes to raise cash that it needs to fund its operations.

Business

The cash plan

We will adopt a cash rationing policy and delay or ban discretionary expenses. Our cash situation would be monitored daily and we would look into ways to generate more cash.

Business

Bank Negara to issue RM400m Islamic bonds

Bank Negara says it will issue a series of new Islamic bonds, beginning with the RM400mil Sukuk Ijarah on Feb 16. Futures issues will be of RM100mil to RM200mil in size.

Business

News in brief

News briefs on: Texchem Resouurces, Ebwork, KPJ Healthcare and Aeon Co (M) Bhd.

Business

Advance Synergy units selling hotels

Advance Synergy Bhd said its subsidiaries Alor Setar Holiday Villa Sdn Bhd, Cherating Holiday Villa Bhd and Langkawi Holiday Villa Sdn Bhd are selling their hotels to Amanah Raya Bhd for a cash amount yet to be agreed upon.

Business

Palm Springs Resort to be major tourist hub in PD

TANCO Holdings Bhd is going all out to develop its Palm Springs Resort City into a major tourist destination in Port Dickson.