News by Tan Siew Mung

The commission will vote on a final plan and contract after the feasibility study is completed.

...within Jiaxing city of Zhejiang province in China.

Tropicana said the interim single-tier share dividend is for financial year ending Dec 31, 2020. Tropicana said the share dividend's ex and entitlement dates will be on Oct 28 and 30 respectively.

Given that the impact of the CMCO on the overall GDP will be limited, the research house expects that it will also have a limited impact on a sectoral basis.

The research house is toning down its expectations of a news flow-driven month in October for the construction sector following new indications from the Minister in the Prime Minister’s Department (Economic Affairs) Datuk Seri Mustapha Mohamed during an interview with Edge Weekly.

The property firm said it has entered a conditional shares subscription and shareholders’ agreement with Bangsar Hill Park Development Sdn Bhd (BHP Development), Suez Capital Sdn Bhd and Dasar Temasek Sdn Bhd, to acquire a 51% stake in property developer BHP Development for RM8.44 million.

The closure of Forest City sales galleries in China as well as the termination of the Bandar Malaysia agreement have cast doubts on Chinese investments here.

Despite a slow property market, the sector continues to attract investment from China. China Communications Construction Company Ltd (CCCC) — the largest port construction and dredging company in China — will soon follow its peers, such as China Railway Engineering Corp, in venturing into property development in Malaysia.

The government is certainly aware of the widening gap between the affordability of properties and household income. And it has been trying to tackle this thorny issue.