Announcement on loan-to-value ratio very soon
BNM is expected to make an announcement on the loan-to-value ratio for mortgages very soon, according to a source. “Genuine home buyers need not worry as it will most likely be implemented on buyers making their third and subsequent house purchases, and be confined to specific locations and prices,” said the source. (StarBiz)
TNB keen on Manjung block 2 TNB is interested in bidding for the second block of the 1,000MW coal-fired power plant in Manjung if it is given the opportunity to participate, its CEO Datuk Che Khalib Mohamad Noh said. The Government had in August offered TNB to develop the first unit at its present power plant site in Majung, Perak. TNB is reported to have said the plant was expected to start operations on March 2015. (StarBiz)
Al Aqar KPJ REIT to acquire Aussie property for RM134.9m
The Al Aqar KPJ REIT has proposed to acquire properties in Queensland, Australia from Jeta Garden Waterford Gardens Trust for RM134.9m. The properties covered 14.7ha, consisting an integrated gated residential estate for older people which includes an aged care complex with care facilities known as Jeta Gardens Aged Care Facility, 23 villas and 32 apartments known as Jeta Gardens Retirement Village, and an undeveloped portion of the land. (Financial Daily)
Maxis upbeat on higher non-voice ops revenue
Maxis expects its non-voice operations to contribute 50% of its total revenue in the next one or two years. "We intend to continue setting new standards in mobile content, while simultaneously enabling seamless delivery to our customers through innovation device offerings and a modernized network," its head of products, devices, and innovation T. Kugan said. (BT)
Tan Chong to expand presence in Indochina
Tan Chong Motor Holdings’ wholly-owned subsidiary ETCM (V) Pte Ltd has proposed to acquire 74% charter capital of Nissan Vietnam from Kjaer Group for RM22.9m cash to further expand its presence in Indochina. It would complete the group’s Indochina strategy in terms of geographic coverage, given that it had earlier been appointed the sole and exclusive distributor of Nissan vehicles in Cambodia and Laos. (StarBiz)
CIMB awaiting approval from Thai on double tax
CIMB Group is now awaiting approval from the Thai authorities on the double tax issue relating to its proposed dual listing exercise in Thailand. "We are the first do dual listing in Thailand. So, there are some issues to iron out, in particular those relating to double tax between Malaysia and Thailand," its group chief executive Datuk Seri Nazir Razak told. (Bernama)
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