PENANG: The government is looking to support Malaysian premium brands,  according to Pemandu (Performance Management and Delivery Unit) director for wholesale and retail Ravindran Devagunam at the reopening of the British India store in Gurney Plaza on Monday.“We have an ETP [Economic Transformation Programme] for an initiative called ‘Foreign Brand Acquisition’ in which we are looking to modif

THE Australian property market has always been on the radar screen of Malaysians, be it for investment or migration purposes. Recognising this demand, boutique residential developer Spec Property recently set up an office, Spec Property Development (Malaysia) Sdn Bhd, in The Curve in Mutiara Damansara to serve as both a sales gallery for its products and a customer service centre.

GEORGE TOWN: Penang Chief Minister Lim Guan Eng has found a caustic example — a profit-making land-deal involving two senior state Umno leaders — to justify the state’s radical new property policy.

KUALA LUMPUR: Residential and commercial properties  in the city will have their assessment rates slashed to 4% and 10% respectively, following the recent protests against the sharp increase in the valuation of properties.

KUALA LUMPUR: Tune Hotels has opened Tune Hotel Davao in the Philippines and Tune Hotel Bekasi in Indonesia. Group chief executive officer Mark Lankester said the two countries are great markets for the group and its rapid expansion there signifies their importance.

“We have two hotels opening just days apart in two of the most vibrant economies in Asean,” he said.

JOHOR BARU: Damansara Assets Sdn Bhd, owner of the Komtar Tower in Johor Baru, is confident of securing 98% occupancy rate for the 25-storey office tower when upgrading works are completed in February.

KUALA LUMPUR: Tan Sri Syed Mokhtar Al-Bukhary and UAE-based Mohamed Ali Rashed Alabbar have teamed up to develop the RM6 billion Tradewinds Centre project in Kuala Lumpur.

It is learnt that Mohamed Ali, or better known as Alabbar, has set up a company called Tradewinds International Sdn Bhd to undertake the property venture with Syed Mokhtar.

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB), which is wholly-owned by the Federal government, is seeking investors to jointly develop a large portion of the 70-acre (28.3ha) Tun Razak Exchange (TRX) project in Jalan Tun Razak, Kuala Lumpur.