Friday, 23 January 2015

Tabung Haji Announces Annual Bonus Of 6.25 %, 2% Haj Bonus

The Pilgrims Fund Board of Malaysia (TH) announced Depositors' Bonus for the 2014 financial year will comprise 6.25% annual bonus and an additional 2% Haj bonus. Minister in the Prime Minister's Department Datuk Seri Jamil Khir Baharom said payment of both bonuses would amount to RM3.2bn, which was an increase of 23% compared to 2013. This would benefit some 8.6m active TH depositors' accounts. "Net profit after zakat amounted to RM3.3bn compared to RM2.6bn in 2013, an increase of 24%," he said. (Bernama)  

UDA Holdings records RM142m property sales

UDA Holdings Bhd (UDA) recorded RM142m in gross sales of 201 property units in three locations in Peninsular Malaysia during its U4RIA “UDA Gallery of Home” property carnival campaign in December 2014. Its group managing director, Ahmad Abu Bakar said on Thursday the property market demand was still encouraging and on the upward trend based on the sales achieved. “We are pleased to be able to surpass our initial sales target of RM136m,” he said of the campaign which was held concurrently at UDA’s subsidiaries in Klang Valley (UDA Land Central Sdn Bhd), Northern (UDA Land North Sdn Bhd), Southern (UDA Land South Sdn Bhd) and in Eastern (UDA Land East Sdn Bhd). (StarBiz)

Medical tourism benefit from the weakening Ringgit

The weakening ringgit could benefit the local medical tourism industry as treatment costs will be more attractive to foreigners, said Frost & Sullivan Asia Pacific senior VP for healthcare Rhenu Bhuller. "We forecast an 18% growth in Malaysian medical tourism revenue, higher than Singapore (8% growth)," she said. (Malaysian Reserve)

Atrium REIT reevaluate five investment properties

CIMB Commerce Trustee, the trustee of Atrium REIT, has carried out the revaluation of five investment properties held by Atrium REIT, leading to an investment surplus of RM4.5m. (BMSB) 

Ivory Group sells entire 49% stake in Aspen Vision

Ivory Properties Group Bhd (Ivory) has entered into a sale and purchase agreement with Aspen Vision Development Sdn Bhd to dispose off its entire 49% stake in Aspen Vision Land Sdn Bhd (AVL) for RM55m. (StarBiz) 

Kimlun secured RM230.7mil job

Kimlun Corporation Bhd has secured a RM231m contract to affordable apartments in Johor Bahru, Johor. Its unit Kimlun Sdn Bhd had accepted the letter of award from Nusajaya Heights Sdn Bhd, a subsidiary of UEM Sunrise Bhd for the project. The construction work is expected to be completed by Aug-2017. (StarBiz) 

External reinsurer to pay for claims from AirAsia Indonesia tragedy

The claims from the AirAsia Indonesia QZ8501 tragedy will be fully covered by an external reinsurer, according to Tune Ins Holdings Bhd. In an e-mail reply to questions on its exposure to the crash, the company said its exposure would be fully covered by excess of loss policy taken with an external reinsurer. (Star)
  • Indonesian divers Thursday found five bodies still belted into their seats near the main section of an AirAsia plane that crashed into the Java Sea last month with 162 people on board, and are hopeful of reaching the fuselage. A total of 58 bodies have now been found following the crash of flight QZ8501 which went down on December 28 in stormy weather as it flew from the Indonesian city of Surabaya to Singapore. Divers had yet to reach the main section of the plane, which is thought to contain the bulk of passengers and crew, as visibility under water was only two metres. (Star)