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Make full use of idle land, Perak govt agencies told

IPOH: Perak Public Accounts Committee chairman Datuk Seri Raja Ahmad Zainuddin Raja Omar on March 2 called on government agencies in the state to make full use of their idle land to prevent them from being occupied by squatters.

He said the agencies could get advice and information from the district and land office on how to utilise the land.

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Britain announces soft loans for home efficiency

LONDON: British households will be able to take out soft loans to improve the efficiency of their homes from 2013, repaying these from energy savings made, the government said on March 2.

The "Warner homes, greener homes" initiative aimed to cut carbon emissions from homes by 29% by 2020.

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Naim Holdings acquires 15% equity interest in Plus Viable for RM585,000

KUALA LUMPUR: Property developer Naim Holdings Bhd acquired a 15% equity interest in its sibling Plus Viable Sdn Bhd for RM585,000.

In a filing to Bursa Malaysia on March 2, the developer said the acquisition was done by its wholly owned sub-subsidiary NCSB Engineering Sdn Bhd from construction contractor Chiew Kee Engineering Sdn Bhd on March 1.

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Volatile earnings under new accounting rules

The Malaysian Accounting Standards Board (MASB) has decided to adopt what is called IFRIC 15 — agreements for the construction of real estate.

Under the new rules, which will become applicable for the accounting period commencing July 1, property developers are to recognise revenue based on the completion method instead of the percentage-of-completion method in current practice.

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I-City PnP incubator aims to grow ICT industry

KUALA LUMPUR: Plug and PlayTech Centre Silicon Valley is considering investing in technopreneur companies under the i-City Plug and PlayTech Centre Incubator programme (i-City PnP Incubator).

The programme aims to nurture and grow local entrepreneurs in Information and Communication Technology.

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PM gives greenlight for Perak development master plan, says MB

IPOH: Prime Minister Datuk Seri Najib Tun Razak has given the go-ahead for the Perak government to implement a development master plan to make Perak a high-income state with a viable economy, Menteri Besar Datuk Seri Dr Zambry Abdul Kadir said here.

He said Najib had responded positively after the plan, dubbed Perak Amanjaya, was submitted to him in Putrajaya on March 1.

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