News by M

Bina Puri Holdings Bhd has bagged an RM80 million contract from Arus Sutera Sdn Bhd to provide project management consultancy services for 440 units of walk-up flats under the People's Housing Project in Pitas, Sabah.

Naim-Gamuda joint venture (JV) (a JV with Naim Engineering Sdn Bhd) was awarded a Pan Borneo highway construction package from Lebuhraya Borneo Utara Sdn Bhd which is the project delivery partner for the highway. The Naim-Gamuda JV is 70% controlled by Naim Engineering Sdn Bhd and 30% by Gamuda Bhd.

The development of Lembah Beriah, Alor Pongsu, about 100km from here, will replicate the Cyberjaya model, MK Land Holdings Bhd said.

On a recent visit to Sri Lanka, I came away most inspired by the architecture and design features of many of its old and more recent buildings. Interestingly, many of these are currently home to splendid boutique hotels, restaurants, cafes and retail shops. Whether lovingly restored or brand new, the spaces or structures reflect great respect for the period or the neighbourhood they are located in.

Berkeley Group, a property developer from the UK, will be launching the first phase of its Queenshurst apartments in Kingston upon Thames, London, in Malaysia today.

In a filing with Bursa Malaysia, MPCorp said it has sold some units of the 23-storey complex and save for those units, Wisma MPL will be sold to Terra Pontus.

The Summit Subang USJ Management Corp will to refurbish the Summit Hotel Subang USJ in order to maintain its four-star rating.

Hong Leong Bank Bhd and Hong Leong Islamic Bank Bhd will join other banks and lower its base rate (BR) and base lending rate (BLR) from tomorrow (July 29), following the reduction in Bank Negara Malaysia's overnight policy rate (OPR) by 25 basis points.

"The aim is to speed up any process related to land affairs, secondly is to become a mechanism to expedite land dealings between industry and investors and thirdly, to provide heavier penalties against those who violate the relevant laws."