BusinessToday's Trending Stories
Boomers believe they don’t have enough money to retire. Signs point to them being, sadly, right
If baby boomers didn’t already have a head of grays, considering the prospect of retirement is likely enough to transform them into a regular Anderson Cooper. It’s no secret that leaving the workforce is no walk in the park, though the process has recently become more like an Ironman Triathlon as employees struggle to compete with the cost of living.
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Spritzer’s Unit Sign JV Agreement To Develop Land In Larut Matang, Perak
Spritzer Bhd’s unit, Spritzer Development Sdn Bhd (SDev), today signed a joint venture agreement with landowner KNP Development Sdn Bhd to jointly develop residential houses in Larut Matang, Perak at the former’s own costs.
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KIP REIT Completes Acquisition Of KIPMall Kota Warisan
KIP Real Estate Investment Trust (KIP REIT) announced the completion of its proposed acquisition of KIPMall Kota Warisan from Cahaya Serijaya Sdn Bhd for RM80 million.
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Reneuco Avoids Trading Suspension
Reneuco informed that it has submitted its annual report today, after announcing that its share on the stock exchange could be suspended on 9 February if it failed to do so.
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Increased Traffic Volume On Major Expressways As City Folks Embark On CNY Holiday Journey
As the Chinese New Year (CNY) holiday approaches, major expressways across the country are experiencing a surge in traffic volume as city dwellers seize the opportunity for a well-deserved break and make their way back to their hometowns.
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Nationgate Acquiring Land, Building In Perai; Kenanga Keeps OUTPERFORM Call
Kenanga Research keeps it OUTPERFORM call on Nationgate Holdings Bhd following its proposed acquisition of Hesechan Industries Sdn
Bhd (Hesechan) for the latter’s six-acres land with buildings adjacent to the group’s Plant 5 in Perai, Penang.
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Genting Plantation’s Lesser Known Property Division
Maybank is optimistic of Genting Plantation’s property potential in unlocking the value of its strategic landbank in Johor, however the house notes that earnings delivery will take time as group has no immediate plans for land disposal unless potential buyer(s) can further enhance the value of its existing townships.
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Sime Darby’s UMW Takeover Expands Presence Beyond Premium Segment: Kenanga
Sime Darby Bhd’s takeover of UMW Holdings Bhd has expanded its presence in the local automotive market to the mid-market and affordable segments from its previous predominantly premium offerings, according to Kenanga Research.
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US CRE Exposure Generally Modest For Fitch Rated APAC Banks
Fitch Ratings believes vulnerability to adverse developments in US commercial real estate (CRE) is generally low among its rated banks in APAC, though there may be a small number of banks across the region where the risk of losses is greater.
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Stock Picks Of The Day — Gabungan AQRS, P.A. Resources, Evergreen Max Cash Capital, Focus Point Holdings
Gabungan AQRS is set to rebound higher above the MYR0.35 breakout level yesterday on stronger trading volume, following the recent pullback.
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