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Govt to monitor effect of new RPGT regime in 1H14

PETALING JAYA: The government will be monitoring the property market closely when the new real property gains tax (RPGT) regime is enforced on  Jan 1 next year, said Deloitte tax leader Yee Wing Peng.

MRT Corp to dish out RM4b jobs to local players

KUALA LUMPUR: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) expects to dish out RM3.53 billion worth of jobs to local contractors over the next five years as part of its offset programme.

PNB mulls RM15b property trust

M-REIT, property sector
Maintain neutral:
The Business Times reported that PNB has appointed several banks (Credit Suisse, JP Morgan and Malayan Banking Bhd) to structure a merger for its property assets valued at around RM15 billion. It plans to list them as a property trust next year.

Mah Sing earnings up 28% in 3Q

KUALA LUMPUR: Mah Sing Group Bhd’s net profit rose 27.9% to RM70.6 million for the third quarter ended September of 2013 financial year (3QFY13) compared with RM55.23 million a year earlier. Revenue improved by 27.5% to RM536.5 million over the previous corresponding quarter.