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MARC assigns A+ID rating to Ingress Sukuk’s issuance

Malaysian Rating Corp Bhd (MARC) has assigned a rating of I>A+ID /I>(A plus, Islamic Debt) to Ingress Sukuk Bhd's (ISB) proposed RM160mil I>Sukuk Al Ijarah/Iissuance.

IDB group extending Sukuk financing

THE Islamic Development Bank group (IDB group) is extending its I>Sukuk/Ifinancing services, which could reach up to US$60mil (RM228mil), to the corporate sector in Malaysia, according to vice-president (operations) Dr Amadou Boubacar.

KFCH, EPF sign S&P and lease agreement of Wisma KFC

KFC Holdings (Malaysia) Bhd (KFCH) has entered into a sale and purchase agreement and lease agreement with the Employees Provident Fund (EPF) for the proposed sale and leaseback of Wisma KFC.

Unearthing hidden gems in government-linked companies

MUCH has been said of the recently-introduced Key Performance Index (KPI), but little is known of the potential impact of its implementation on the 40-odd Government-linked companies (GLCs) involved. Starting from today, I>StarBiz/Iwill examine some of these GLCs and look at what lies beyond the KPI-led exercise.

EVA Airways raising cash for payment on Boeing jets

EVA Airways Corp., Taiwan's second largest airline, said Thursday it plans to raise between 4 billion New Taiwan dollars (US$121 million) and NT$5 billion (US$151 million) by the end of the third quarter to help cover its down payment on 15 Boeing Co. aircraft.

Crowded beachfront

Port Dickson fishermen still eke out a living from fisheries but they fear the reclamation of six offshore islands may destroy fishing grounds which already have to vie for space with tourist chalets built atop water.

Stronger SunCity after overhaul

SUNWAY City Bhd (SunCity) will be reaping stronger earnings now that the group has refocused itself in its forte, property development, after the completion of its corporate restructuring and re-capitalisation exercise.

Inch Kenneth unit leasing land from Cepco for RM14.8mil

PROMINENT Mirage (M) Sdn Bhd, a wholly-owned subsidiary of Inch Kenneth Kajang Rubber Public Ltd Co (IKK), has entered into a conditional sale and purchase agreement (SPA) and a conditional leaseback arrangement for the lease of 11.344 acres of industrial land with office building in Mukim Serendah, Ulu Selangor from Concrete Engineering Products Bhd (Cepco) for RM14.875mil.

Knight Frank to market KLGCC's resort villas

KNIGHT Frank Malaysia, which has established a strong presence in the local market, will be responsible for the marketing of Kuala Lumpur Golf Country Club#8217;s (KLGCC) upcoming residential property project comprising 128 upmarket resort villas.

Residential unit sales picking up

SUNWAY City Bhd (SunCity) is confident of performing well this year with the return of buying interest in the property market, especially for residential properties, said chairman Tan Sri Jeffrey Cheah.