News by Adela Megan Willy

"We will be focusing on the marketing and sale of the Picasso Residence units and working on timely construction of the development for PRG."

IOI Corp said Rahamat has served in the public service for almost 36 years, with experience and knowledge in the field of economy, finance and macro development.

Sunway REIT said the higher income from the hotel segment was attributable to stronger demand for meetings, incentives, conferences and exhibitions…

Cenang Resort will develop the Wanda Realm Resort Langkawi, while Wanda Hotels & Resorts will take over its day-to-day operations.

Sunway said its wholly-owned subsidiary, Sunway Forum Hotel Sdn Bhd, will receive RM340 million for the property, which comprises the Sunway Clio Hotel, a three-storey retail space and a multistorey car park.

IGB REIT said the distributable income for 2QFY17 amounted to RM76.8 million or 2.19 sen per unit, consisting of realised profit of RM67.7 million and the non-cash adjustment arising mainly from manager fee payable in units of RM8.2 million.

Glomac said the exercise will involve the issuance of up to 74.82 million shares to shareholders whose names are listed in the Record of Depositors on a date to be fixed later.

The construction works are for a block of 25-storey hotel and office building and two blocks of 53-storey service apartment building on top of an 11-storey podium, with one partial underground level and a three-storey basement.

Property developer Eco World Development Group Bhd (EcoWorld) has launched its Johor chapter of the EcoWorld Toastmasters Club.

At 11.05am, Vivocom's share price stood at 15.5 sen, with about 54.81 million shares valued at RM8.25 million seen exchanging hands.