The subcontract from Lebuhraya Borneo Utara Sdn Bhd is for the development and upgrading of the stretch of highway between Batang Skrang and the Sungai Awik Bridge.

Tadmax Resources Bhd managing director Datuk Seri Anuar Adam, a retired major of the Malaysian army, will focus on transforming the loss-making company into a property and power generation player after cleaning its books for the past five years.

Mammoth Empire Holdings Sdn Bhd, the property developer and asset manager behind Empire Shopping Gallery in Subang, Selangor, plans to raise funds through a maiden issue of bonds.

Sunway Bhd’s real estate arm Sunway Property is setting up a regional office and sales gallery in the northern state of Malaysia, Penang, which is scheduled for completion in April 2017, the developer said in a statement yesterday.

MBJB said it has signed a non-binding memorandum of understanding (MoU) with Astaka's 99.99%-owned subsidiary Astaka Padu Sdn Bhd, whereby Astaka will construct, develop and sell to MBJB a 14-storey Grade A office tower, Menara MBJB.

IJM Land Bhd will be launching the second phase of Rimbun Vista (3A2) at S2 Heights, Seremban 2 later this September, said its managing director Edward Chong.

But only 21% of housing launches in the country were priced below RM250,000 in 2014.

MRMA said the 16 proposals by SC will expand the scope of permissible activities, significantly enhance corporate governance on Malaysia’s REITs (M-REITs) disclosure and streamline the efficiency in post-listing requirements.

MQREIT chairman Tan Sri Saw Choo Boon said the better performance for 1HFY16 was achieved mainly through its proactive approach towards asset and portfolio management and cost management.

Stronger revenue from management services, due to the provision of facilities management to additional properties, also contributed to the rise in quarterly revenue.