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CEO confident of sell-out for The Vista project

THE Vista at Sutera Harbour, a luxurious lifestyle condominium development, targeted at the corporate tourism market, is expected to be completely sold by the end of this year, said Sutera Harbour Resort president and chief executive officer Datuk Edward Ong.

BT records higher Q3 net income

BT Group plc, Britain#8217;s dominant fixed-line phone company, has reported a 38% drop in third-quarter net income compared with the same period a year earlier on modest growth in sales.

Going international on Islamic products

CIMB Group is expanding its reach in the Islamic financial market with a goal to becoming a predominant player given its strong market position and track record in the conventional market.

UM Land sees RM80m from project sales

UNITED Malayan Land Bhd (UM Land) expects to generate RM80mil from sales of its Seri Bukit Ceylon serviced apartments in Kuala Lumpur.

MAS decides not to sell two buildings

MALAYSIA Airlines (MAS) has decided not to part with two buildings, worth RM236mil, which were earlier slated to be sold to the government as part of its reorganisation plan announced last year.

Understanding the difference in Islamic and conventional products

THE only difference in executing an Islamic versus a conventional product is the way the agreement is executed, the rest is status quo.

More Islamic products seen in the market

THE Islamic capital markets offer a range of products with an international appeal to suit the financial needs of issuers, but most Malaysian issuers have not bothered to venture beyond the Bai Bithaman Ajil (BBA) (deferred payment sale) type of issuance such as BBA Islamic debt issuance (BaIDS) or the Murabaha commercial paper/medium term notes programme.

Suncity wins 5 awards for ABS exercise

SUNWAY City Bhd (Suncity) has won five prestigious awards for its recently concluded property asset-backed securitisation (ABS) exercise, which raised RM450mil.

Seri Bukit Ceylon targets niche market

Property Talk: A weekly column by S.C. Cheah.This week he writes on condominiums coming up in Bukit Ceylon, in Kuala Lumpur.

UM Land to focus more on high-end units

UNITED Malayan Land Bhd (UM Land) is eyeing more high-end boutique development, especially serviced residences in Kuala Lumpur and other cities in the country, to cater to the fast-changing lifestyle of city folks.