News by Meena Lakshana

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.

The 12 projects include the mass rapid transit (MRT) Line 1 and MRT Line 2, KL118 Tower, the West Coast Expressway (Taiping to Banting), Bukit Bintang City Centre, Asia Aerospace City, and the Sungai Besi-Ulu Kelang Elevated Expressway.

Berjaya Corp Bhd (BCorp) intends to raise its stake in its 63.05%-owned subsidiary Berjaya Land Bhd to 75.05% for RM419.11 million or 70 sen per BLand share.

Glomac said the company’s higher revenues for both the latest quarter and half-yearly period were driven by progress billings in its key ongoing projects such as Lakeside Residences, Saujana Rawang, Glomac Centro and Reflection Residences.

According to a PropertyWeek.com report dated June 12, the EPF is said to be offering £155 million (RM1.02 billion) for the luxury business park, which currently houses the European headquarters of US telecommunications company Verizon UK Ltd.

IOI Properties Group Bhd plans to take advantage of the current poor market sentiment to increase its land bank.

In a joint statement today, the Land Public Transport Commission (SPAD) and Singapore’s Land Transport Authority (LTA) said these companies and consortia come from across the HSR value chain and include entities based in Malaysia, Singapore, Asia-Pacific, Europe, the Middle East and North America.

In a filing with Bursa Malaysia, Genting said Genting Highlands Tours had entered into a conditional sale and purchase (SPA) agreement with Esprit Icon Sdn Bhd, a wholly-owned subsidiary of Genting Plantations, for the disposal of the land.

In a joint statement, Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar and Singapore’s Coordinating Minister for Infrastructure and Transport Khaw Boon Wan said it is imperative that the governments are “properly informed” of industry views.