NUSAJAYA: The development of the Pengerang Integrated Petroleum Complex (PIPC) in Johor will continue despite a land dispute between the landowners, the Johor government and project owner Petroliam Nasional Bhd (Petronas).  

Deputy Prime Minister Tan Sri Muhyiddin Yassin said public interest projects should continue even though a lawsuit is ongoing.

KUALA LUMPUR: IJM Corp Bhd has proposed to acquire the 37km Kajang Traffic Dispersal Ring Road, better known as Silk Highway, from Silk Holdings Bhd for RM398 million cash.

PETALING JAYA: Jaya Section Fourteen Sdn Bhd is looking at acquiring more neighbourhood malls as part of its investment plan, said director Ismail Ani Arope.

“We have a certain amount of funds which has been entrusted by our private real estate fund to look out for assets similar to Jaya Shopping Centre,” he told reporters after the re-opening of the upgraded shopping mall.

KUALA LUMPUR: UEM Sunrise Bhd, a subsidiary of UEM Group Bhd, announced that revenue from its property development segment has leapt 41% to RM373 million for the first quarter ended March 31 2014 (1QFY14), from RM268 million, with 64% of its projects in Nusajaya contributing to the segment.

KUALA LUMPUR: In an effort to keep financial imbalances in check, Bank Negara Malaysia (BNM) is expected to consider tougher policies through a tighter monetary stance, which could lead to an increase in its policy rate, opined Malaysian Rating Corp Bhd (MARC).

KUALA LUMPUR: Ideal United Bintang Bhd (IUB), formerly United Bintang Bhd, will be turned into a full-fledged property player by next year, with Penang-based property developer Ideal Property Group set to inject its assets into the company.

TELUK INTAN: The West Coast Expressway project to link Taiping in Perak and Banting in Selangor, stretching 233km at a cost of RM5 billion, will create job opportunities for 22,000 people.

Deputy Prime Minister Tan Sri Muhyiddin Yassin said the project would also create permanent employment for more than 2,000 people to manage the expressway.

KUALA LUMPUR: Despite opposition by some residents in Selangor over the proposed Kinrara-Damansara Expressway (Kidex), the highway operator, Kidex Sdn Bhd, says the project will bring about immense spillover economic benefits to the Petaling Jaya-Puchong area.

KUALA LUMPUR: Construction firm Mitrajaya Holdings Bhd’s order book is at an all-time high of RM1.2 billion. With that the company is positive on churning out strong earnings growth at least in the next two years.

KUALA LUMPUR: Bina Puri Holdings Bhd’s reliance on its construction business for most of its existence has made its margins razor thin. But this could change in the coming years.