Audit checks revealed that as of Dec 31, 2022, RAC had not collected property rental income from 12 tenants, amounting to RM170,474, as stipulated in their agreements.
The Bill was tabled by Natural Resources, Environment and Climate Change Deputy Minister Datuk Seri Huang Tiong Sii.
Kumpulan Jetson Bhd announced a slew of boardroom changes on Friday, including the appointment of Datuk Tengku Ibrahim Farihaddin Datuk Tengku Feissal, the treasurer of Koperasi Kerabat D'Raja Kelantan Al-Muhammadi Bhd, as its independent and non-executive chairman with immediate effect, on the resignation of the group's executive chairman Datuk Teh Kian An, 75, due to health issues.
On Sept 27, Sunway Bhd, through a statement, announced that its 70% owned subsidiary, Umech Land Sdn Bhd, had entered into a joint development agreement with PDC to develop a 559-acre prime industrial land in Batu Kawan, Penang, in exchange for a land entitlement of RM646.02 million.
Gamuda Bhd rose as much as 25 sen or 5.8% to RM4.56 in Friday morning trade, hitting a record high after the construction giant's FY2023 net profit more than doubled to RM1.84 billion from RM806.23 million a year earlier, largely fuelled by gains on the divestment of its highways.
“A new rental tenancy regulation will be introduced to promote rental as an alternative to home ownership.”
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