The Terengganu state government, via the Drainage and Irrigation Department (DID), has taken measures to improve the water flow in flood-prone areas to alleviate flooding.

Private investment company, Guidance Investments, is looking at potential warehouse opportunities in Malaysia to expand its property portfolio in the Southeast Asia (SEA) market, according to Guidance Investments’ Asian Real Estate managing director Pius Ho.

Iris Corp Bhd co-founder, group managing director and chief executive officer Datuk Tan Say Jim has sold a substantial stake in the group, triggering talks of changes at the top.

MRT Corp, which is wholly-owned by the Minister of Finance (Incorporated) and the developer and owner of the MRT project, said the RM40 billion figure was originally submitted in a private sector proposal for a three-line KVMRT project to be built concurrently, to the government back in 2010 and it was based on prices in 2009.

EcoWorld is developing four business parks: Eco Business Park I (EBP I — 612 acres), EPB II (383 acres), EBP III (248 acres) and EBP V (518 acres).

Iris Corp Bhd group managing director and chief executive officer Datuk Tan Say Jim has ceased to be a substantial shareholder of the company after disposing of 56.6 million shares via a direct business transaction.

The proposed acquisition comes after a successful bid submitted by Setia Recreation under a tender process conducted by WTW Real Estate Sdn Bhd.

State local government, transportation and flood mitigation committee chairman Chow Kon Yeow said the state and Gamuda-led SRS Consortium, which appointed consultants Dr Nik & Associates Sdn Bhd to prepare the reports, abided by law when conducting the detailed environmental impact assessments (DEIAs).

The disposal of the plots, measuring 677.78ha in total, will unlock value for the group, said Boustead Plantations vice-chairman Tan Sri Lodin Wok Kamaruddin.

"The lender (Lee) has gratuitously agreed to the extension in the best interest of the company after taking into consideration the financial obligations of the company," said Country Heights in a filing with Bursa Malaysia yesterday.