Kerinchi residents can choose developer to rebuild flats

KUALA LUMPUR: Residents in Kampung Kerinchi will be allowed to choose the developer they want to rebuild their old flats in line with the 1Malaysia concept, Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin said.

Raffles to invest RM200 million in Iskandar Malaysia

BEIJING: Raffles Education Corporation Ltd, Asia Pacific's largest private education provider, plans to invest about RM200 million over the next five years to set up a full-fledged university in Iskandar Malaysia.

EPF offer for MRCB fair, says CIMB Research

KUALA LUMPUR: CIMB Equities Research says the Employees Provident Fund Board’s conditional takeover offer for Malaysian Resources Corp Bhd at RM1.50 per share as fair price, although it is a 10% discount to its target price of RM1.66.

Ministry to draw up guidelines on "guarded community"

KUALA LUMPUR: The housing and local government ministry intends to come out with guidelines on the 'guarded community' housing estate concept. Minister Datuk Seri Kong Cho Ha said guarded community housing estates have been mushrooming, of late without proper guidelines.

MBAM launches web portal

PETALING JAYA: The Master Builders Association Malaysia (MBAM) launched a new web portal on March 3 called the MBAM Resource Centre for collation and exchange of data among the construction fraternity.

MBAM expects steel prices to move up

PETALING JAYA: The Master Builders Association of Malaysia (MBAM) expects steel prices to move up by 5% to 10% this year.

Its deputy president Kwan Foh Kwai said international steel prices have moved up last month at the same quantum.

EPF makes conditional take-over offer for MRCB shares

KUALA LUMPUR: The Employees Provident Fund Board (EPF) has proposed a conditional take-over offer to Malaysian Resources Corp Bhd (MRCB) to acquire the remaining 66.22% stake in the construction firm.

Report on stadium roof collapse out next week

KUALA TERENGGANU: A report on the Sultan Mizan Zainal Abidin Stadium (SSMZA) roof collapse on June 2 last year may be announced next week.

Menteri Besar Datuk Ahmad Said said the state government had received the report via the state legal officer and the ministry concerned.