Gadang eyes projects in Sarawak following record budget announcement
Of the state's total budget, RM9.073 billion — including a federal fund of RM260 million — will be allocated for development expenditure.
China Ouhua now expects land title transfer in six months
"China Ouhua will proactively follow up with the relevant government authorities of the People's Republic of China to ensure the land title ownership is transferred to Yantai Ouhua.”
Sunway REIT kicks off FY19 on a softer ground, proposes 2.48 sen DPU
Sunway REIT is proposing a first interim income distribution of 2.48 sen per unit, amounting to RM73.038 million for 1QFY19, payable on Dec 4.
Tropicana divests 55% stake in Tropicana Ivory for RM70.7m
“The proposed disposal will enable Tropicana to realize the gains from its investment in TISB, and to conserve cashflow requirement of TISB in order to focus on other project developments.”
IGB REIT net property income inches up 2.4% in 3Q on higher rental income
In a bourse filing yesterday, it announced an income distribution of 95% of its distributable income for 3QFY18 amounting to RM81 milllion or 2.29 sen per unit, to be paid on Nov 29.
Melati Ehsan secures turnkey contract from controlling shareholder
In a filing with Bursa Malaysia, the company said its unit — BMSB has received a letter of award from Melati Ehsan (M) Sdn Bhd (MEMSB) on the appointment of it to be the main contractor for project.
M'sia to introduce a new measurement for crime index to promote safer living environment
According to the report, the new measurement for crime index is based on the number of reported index crime cases and should not exceed the threshold of 342 cases per 100,000 population by 2020. The new target, which sets the baseline at 352 cases per 100,000 population in 2016, will take into account population increase, in line with international practice.
Govt to cut development expenditure by 15% to RM220b under 11MP
The review said the focus will be given priority to the people-centric projects. With that, over 4,000 ongoing projects will still be continued across the nation including the building of affordable houses, schools, hospitals and roads.
Government to build 200,000 affordable houses
The National Affordable Housing Council will be established to oversee the implementation of affordable houses nationwide.
Serba Dinamik plans to buy 49% stake in firm involved in Laos hydropower project
In a filing to Bursa Malaysia yesterday, Serba Dinamik said, OHP Ventures has a joint development agreement with Thavone Athsamouth, to develop, finance, construct, commission and operate and maintain two mini hydro installations with an aggregate capacity of 30 megawatts in Houaphan, Laos.
