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Sarawak's Land Information System interests Australia and Morocco

MUKAH: Sarawak's Land and Survey Information System (LASIS) has attracted the interest of authorities in Australia and Morroco.

Land and Survey Department's director Datuk Sudarsono Osman said he would be going to Sydney in Australia soon and Morroco by next year to give briefings on the integrated and comprehensive land administration system developed in the state.

269 projects worth RM6.46 billion proposed for Perlis

KANGAR: A total of 269 projects worth RM6.46 billion have been proposed for implementation in Perlis for the 10th Malaysia Plan (10MP), the Perlis State Assembly sitting was told on April 6.

Menteri Besar Datuk Seri Dr Md Isa Sabu said the agricultural sector had the most with a total of 102 projects estimated to cost RM2.2 billion.

Boustead seeks RM60 million compensation from Penang

GEORGE TOWN: Boustead Holdings Bhd has submitted a RM60 million compensation claim from the Penang Island Municipal Council (MPPP) for having to scale down its Royale Bintang Hotel project from 12 floors to five.

Indonesia rates unchanged; central bank plays down price risk

JAKARTA: Indonesia's central bank kept interest rates unchanged as expected but emphasised that subdued price pressures meant inflation this year would be at the lower end of its target range, signalling it was in no rush to raise rates.

Australia central bank raises rates, flags more ahead

SYDNEY: Australia's central bank raised its key cash rate by 25 basis points to a 14-month high of 4.25% on Tuesday, April 6 and flagged further moves ahead as the resource-rich nation rides a tide of Asian demand.

US office vacancy rate hits 16-year high

NEW YORK: The US office vacancy rate in 1Q reached its highest level in 16 years, but the decline in rents eased and crept closer to stabilisation, according to a report by real estate research firm Reis Inc.

Former CapitaLand CEO plans China, Singapore funds

SINGAPORE: Perennial Real Estate, a firm set up by CapitaLand’s former retail chief Pua Seck Guan, plans to launch private equity funds that will invest in shopping malls in China and Singapore to tap the region’s growing consumer demand.