News

Paramount Corp and Star Media Group Apply for Digital Banking Licence
Paramount Corp and Star Media Group Apply for Digital Banking Licence

KUALA LUMPUR: Paramount Corp Bhd and Star Media Group Bhd (SMG) have jointly applied for a digital banking licence from Bank Negara as part of a five-member consortium with the aim of accelerating their digital growth strategies. “Paramount had earlier mentioned that it was looking at the feasibility of applying for a digital bank licence. We […]

Paramount Property Selling New Office Buildings in Petaling Jaya for About RM318mil
Paramount Property Selling New Office Buildings in Petaling Jaya for About RM318mil

Paramount Property is selling two office buildings in Section 13, Petaling Jaya, Selangor via an en bloc sale for about RM318 million, according to industry sources. The office buildings are part of Atwater, the developer’s RM800 million integrated development located in Section 13. Both the buildings are currently under construction. They were launched in January […]

Special Report: Paramount: From Brick and Mortar to Digital Disruptor
Special Report: Paramount: From Brick and Mortar to Digital Disruptor

OVER the past half a century, Paramount Corp Bhd made big strides. It started from its brick-and-mortar roots as a humble rice miller to become a listed property player with investments in education. Now, it has become a disruptor as it ventures into the fintech space. The group recently announced its move to acquire a […]

Passing of Beloved Chairman
Passing of Beloved Chairman

It is with profound sadness that Paramount Corporation Berhad (Paramount) announces that Dato’ Teo Chiang Quan, Chairman and Executive Director, passed away on the evening of 24 May 2021 due to complications from an unexpected illness. He was 72. Over and above being an astute businessman and property developer, Dato’ Teo may best be described […]

Paramount Investing Into P2P Financing Platform
Paramount Investing Into P2P Financing Platform

PETALING JAYA, 15 April 2021: Paramount Corporation Berhad (Paramount) today announced that its wholly owned subsidiary Magna Intelligent Sdn Bhd (MISB) is investing in a peer-to-peer (P2P) financing platform as its entry point into the fintech sector. MISB signed a conditional share subscription agreement with P2P Venture Sdn Bhd (P2P Venture) and Omegaxis Sdn Bhd (Omegaxis) […]

Paramount Property’s Priority Campaign Is Back And Better Than Ever
Paramount Property’s Priority Campaign Is Back And Better Than Ever

Buying a property can be a stressful period for an inexperienced buyer. The amount of pressure and worry, especially in this unprecedented time with complications enhanced by the spread of the Covid-19 pandemic, can be overwhelming. But with so many property developers offering attractive packages, this period makes it the perfect opportunity to finally buy […]

Paramount Urges Govt to Speed up Development Approvals
Paramount Urges Govt to Speed up Development Approvals

KUALA LUMPUR: Paramount Corp Bhd hopes the government can expedite development approvals to support the recovery of the property market and the whole economy. Group chief executive officer Jeffrey Chew said the property developer was concerned over its ability to launch new projects and support the market’s demand due to delays in approvals. “I hope […]

Paramount Sets Higher Property Sales Target of RM1b for 2021, Sees Low Interest Environment as a Boon
Paramount Sets Higher Property Sales Target of RM1b for 2021, Sees Low Interest Environment as a Boon

KUALA LUMPUR (March 3): The current low interest rate environment bodes well for the property market due to lower borrowing costs, says Paramount Corp Bhd group chief executive officer Jeffrey Chew (pictured).   Against this backdrop, coupled with the fact that the local economy is widely expected to recover in 2021, he is hopeful that […]

Paramount FY2020 Profit Up 368% Bolstered by Education Disposal Gain; Proposes Final Dividend of 2.5 sen
Paramount FY2020 Profit Up 368% Bolstered by Education Disposal Gain; Proposes Final Dividend of 2.5 sen

Petaling Jaya, 25 February 2021: Paramount Corporation Berhad (Paramount) reported that the Group registered a 368% increase in profit attributable to ordinary shareholders at RM486.7 million for FY2020 (FY2019: RM104.0 million). This was primarily due to the non-recurring gain from the Group’s disposal of its controlling equity stakes in the pre-tertiary education business which was completed […]