The Morning Run crew gives you their take on today's business headlines:
Keretapi Tanah Melayu Bhd (KTMB) may look to venture into property development soon. The 151 year old loss making state owned company say they want to “unlock the value of its property in the Klang Valley” and could go into property development as early as next year, with projects worth RM6 billion.
6:07 - Meanwhile, NAPIC data shows that the number of unsold property in the country increased by 41% to 21,000 for the first half of the year, compared to the same period last year
8:23 - Looking into a listed property player -- Paramount -- its nine-month property sales hit record RM633 million. Interestingly, while Paramount is seen as a “property company”, its education business contribution had surpassed its property contribution to the latest 9 month profit before tax.