MRCB’s acquisition of PJ Sentral ‘positive’
Malaysian Resources Corp Bhd
(June 23, RM1.70)
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Sg Buloh-Kajang MRT Line 45.6% completed
KUALA LUMPUR: Mass Rapid Transit Corp Sdn Bhd (MRT Corp), which yesterday awarded five more contracts worth RM519.5 million for the Klang Valley MRT project, said the 51km Sungai Buloh-Kajang Line is 45.6% completed, leaving 11 work packages to be awarded.
Y&G on track to achieve RM200m sales target
KUALA LUMPUR: Property developer Y&G Corp Bhd said it is on track to achieve its RM200 million sales target for its financial year ending Dec 31, 2014 (FY14).
AmFIRST REIT looks to purchase two more properties
KUALA LUMPUR: AmFIRST Real Estate Investment Trust (AmFIRST REIT) is exploring the purchase of two medium-sized properties, with a value of up to RM250 million collectively, said Panneer Selvam, head of investment at Am ARA REIT Managers Sdn Bhd, the manager of AmFIRST REIT.
Lafarge positive on construction sector this year
PETALING JAYA: Lafarge Malaysia Bhd, the country’s largest cement maker, believes the construction industry is “positively orientated” and will encourage the group’s growth this year.
EIA report not needed for reclamation work at Johor straits
JOHOR BARU: Reclamation works for the Forest City project, which Singapore fears will have a possible impact on the island republic, does not require an Environmental Impact Assessment (EIA) report as the area reclaimed is not more than 50 acres (20.2ha).
Mukhriz: Proposed Kulim airport to cost RM1.6b
KUALA LUMPUR: The proposed international airport in Kulim, Kedah, to cater to the increase in flights to the northern region is expected to cost RM1.6 billion, said Kedah Menteri Besar Datuk Seri Mukhriz Mahathir (pic).
The costs include land acquisition, the building of basic infrastructure of the airport and two runways.
TA Global to turn its car parks into hotel, residences
KUALA LUMPUR: TA Global Bhd, a 63.08%-owned subsidiary of TA Enterprise Bhd, will turn two plots of land in Jalan P Ramlee here known as TA3 and TA4 that are currently used as car parks, into two commercial tower blocks, said its group managing director and chief executive officer Datin Alicia Tan Kuay Fong.
IGB REIT favoured for stable, 6% yield
KUALA LUMPUR: IGB Real Estate Investment Trust’s (IGB REIT) unit price has recovered from a low of RM1.12 in January to RM1.22 at last Friday’s closing — yet it was still trading 2.4% below its initial public offering (IPO) price of RM1.25.
Eco World tipped to get Pudu Jail land for RM7b project
KUALA LUMPUR: Property developer Eco World Development Group Bhd is tipped to win the RM7 billion redevelopment project of the Pudu Jail land in Kuala Lumpur, a prized UDA Holdings Bhd property that bumiputera firms say should only be developed by them.
