News by M

The group expects to see higher contribution from its Setia Spice project, which features a hotel, indoor stadium, convention centre, aquatic club, retail shops and a food and beverage podium, from FY17.

Bina Darulaman expects to derive a profit of RM14.5 million from the proposed development, which will comprise 255 units of two-storey terrace house and 40 units of two-storey shop offices, to be known as Phase 2.

On the community's concerns that they might be relocated, Malik said it was too early to say with the proposal only at a preliminary stage. "The consortium will work out the details and we will take it a step at a time."

Homes will be built by 2020 in several areas, including Kota Puteri, Batu Arang; Subang Bestari, Shah Alam; and Science Park 2, Sepang.

Parents of children at St. Philomena school on Jalan Silibin, Ipoh, are not happy with the state government for alienating a piece of land beside the school for a commercial development, rejecting their application to turn it into a school field.

Deputy Finance Minister Datuk Chua Tee explained that he was assured by officers from thePublic Sector Home Financing Board (LPPSA) during a briefing that such a requirement does not exist in government policy.

PPB Group Bhd's 18.3%-owned associate, Wilmar International Ltd, is capitalising on newly appointed chief operating officer Pua Seck Guan's expertise to undertake property projects.

Lawmakers want the authorities to step up efforts to mend and minimise potholes near construction sites and in residential areas. 

Weakening sectoral growth will be further worsened by the increase of in-house premix cement and concrete plants by the construction companies, such as IJM Corp Bhd and Gamuda Bhd, in order to reduce costs and control the concrete’s mixture quality, and intense pricing, product rivalries and entrance of various dry mix products.