News by M

DPS said Shantawood’s JV with landowner Biotrend Estate Sdn Bhd (BESB) is to develop the 15.37ha land using an existing master plan endorsed by Majlis Bandaraya Melaka Bersejarah

The Plaza Rakyat project was abandoned in 1997 during the Asia-Pacific financial crisis and after developer Plaza Rakyat Sdn Bhd ran into financial problems.

We are expecting its order book to expand to RM1 billion and an improvement of 1.5 percentage points (ppts) of net margin from 13% to 14.5% for financial year ended Dec 31, 2016 (FY16) with its three-year strategic plan.

As a greenfield development, Iskandar Puteri in Johor, formerly known as Nusajaya, has gone through two growth phases — infrastructure and property development. The question now is what industry should be promoted to turn it into an economically vibrant city?

Genting Group is rumoured to be in talks to sell its 5.6ha (14 acre) land at Biscayne Bay in Miami, Florida as the company is unable to build its planned luxury casino and resort there, Miami Herald reported.

Bank Negara Malaysia deputy governor Datuk Muhammad Ibrahim is taking over as governor of the central bank, replacing Tan Sri Dr Zeti Akhtar Aziz who is retiring on April 30.

New ruling applies to all (local and foreign) skilled construction workers and site supervisors, but excludes general construction workers.

Vivocom said its unit entered into the HoA with Green Ventures Development Bhd, which will act as the developer of the mixed development with a gross development value of RM112 million on the 3.11ha land in Hulu Kinta.

Prasarana Malaysia Bhd expects to start awarding tenders for the RM9 billion light rail transit Line 3 (LRT 3) project in the second half of the year (2H).

The implications of this leadership race may not be as far-reaching as the presidential elections across the pond in the United States later this year; nonetheless, London’s mayoral election does attract a fair amount of attention.