Latest news

Country Heights Holdings Bhd has inked a joint venture agreement with Galaxus Corp Sdn Bhd (Galaxus) and Tan Sri Lee Kim Tiong @ Lee Kim Yew to revamp the management and business of the Palace of the Golden Horses in Seri Kembangan, Selangor.

With a scheduled opening in 2018, the 26-storey, 322-room Ramada Meridin is integrated within the Meridin @ Medini development, which sits on 8.19 acres.

Construction of a new Jalan Sultan Iskandar entrance to the park has started and is expected to be completed by Dec 20. Currently, visitors have to go around the back of shop houses on Jalan Bijeh Timah.

Setia Federal Hill will undertake the development of a new integrated health and research institute known as the National Institute of Health (1NIH) on a 41-acre land in Setia Alam, Shah Alam.

Office rents continued to rise as vacancy rates fell and rents increased. In the hotel segment, the bombing at the Erawan shrine in late August caused a short-term dip in tourist arrivals; and the retail sector saw a slump in sales.

Judging by the size and the modus operandi of both outfits, it would not be surprising if they both decide to take up a substantial stake via MRCB’s proposed private placement exercise.

The 12 projects include the mass rapid transit (MRT) Line 1 and MRT Line 2, KL118 Tower, the West Coast Expressway (Taiping to Banting), Bukit Bintang City Centre, Asia Aerospace City, and the Sungai Besi-Ulu Kelang Elevated Expressway.

Among the buildings to be gazetted are the Penang Immigration Department building, the Standard Chartered Bank, state Islamic Affairs Department on Lebuh Pantai, Wisma Kastam (state Customs Department) on Lebuh Cina, the state legislative assembly building on Lebuh Light, state mosque and Suffolk House on Jalan Air Itam, and the Penang Free School on Jalan Masjid Negeri.

It is learnt that several interested parties have viewed the 18-year-old, 496-room hotel, which is located in Bandar Hilir Melaka, not far from the popular historical sites of A’Famosa and The Stadthuys.