KOTA BARU: About 300 people from 60 families at Section 10 Lorong Gajah Mati here staged a peaceful gathering to oppose the state government's land acquisition there for implementation of the Sungai Kelantan development project.

KUALA LUMPUR: Bank Negara Malaysia opted to maintain the Overnight Policy Rate (OPR) at 3.00 per cent after its Monetary Policy meeting here on Thursday Sept 8.

In a statement, the central bank said global growth had moderated in recent months as growth in the advanced economies slowed by more than expected following greater policy uncertainties.

LONDON: Sovereign debt issues are likely to continue to overshadow the fragile and uncertain outlook for the European economy, according to global property consultancy Knight Frank, which hosted its European Property Breakfast on Sept 6. This in turn is having a significant impact on the property sector, notably in respect of occupier and investor confidence, it said.

NEW DELHI: India’s government edged closer to replacing a century-old land acquisition law yesterday, introducing a bill in parliament that seeks to placate a rural voter base worried it is being short-changed in the country’s rush into modernisation.

GEORGE TOWN: The Penang government has granted Eco Median Sdn Bhd (EMSB), a wholly-owned unit of S P Setia Bhd, the rights for additional density in its developments within the island.

KUALA LUMPUR: Dijaya Corp Bhd is confident it can put the RM830 million worth of land it has acquired the past three months to work despite the current global economic headwinds. The property developer has purchased over 200ha of land in Subang and Kajang, Selangor, and Johor Bahru.

KUALA LUMPUR: Hong Kong-based Kosmopolito Hotels International Ltd (KHI) is eyeing Sabah to strengthen its foothold in Malaysia.

Dorsett Regency Hotel Kuala Lumpur general manager, Christina Toh, said KHI's focus was on Asia-Pacific.

KUALA LUMPUR: PLB Engineering Bhd's wholly-owned subsidiary, PLB Land Sdn Bhd, is acquiring half share over two pieces of
land in Teluk Ketumbar, Penang, from Puan Che Siah Ibrahim, for RM4.2 million.

The purchase of the land measuring 17,681.4712 square meters and 5,916.5035 square meters, respectively, would be financed via internally generated funds.

KUALA LUMPUR: Committed investments in Iskandar Malaysia have reached RM76 billion as of the first half of this year, with 40 per cent or RM30 billion, having been realised, said HwangDBS Vickers Research.

JOHOR: Johor Premium Outlets, South East Asia’s first Premium Outlet Center is set to open on schedule in November with more than 80 stores.