KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has proposed to acquire a 33-storey corporate tower with common facilities and 460 parking bays which will be used to house its operations around Petaling Jaya and Bangsar for RM232 million.

KUALA LUMPUR: Selangor Dredging Bhd (SDB) has acquired SDB UK Pte Ltd for S$1 (RM2.450) cash, it announced to Bursa Malaysia on Monday, Jan 31.

SDB UK's main activities are property investment and development.

KUALA LUMPUR: The MMC Corporation Bhd-Gamuda Bhd 50:50 joint venture (JV) has been appointed as a project delivery partner (PDP) for the implementation of the Klang Valley mass rapid transit (MRT) project by Syarikat Prasarana Negara Bhd (SPNB).

The JV had received a letter of award by SPNB on Jan 28, Gamuda announced to Bursa Malaysia on Monday, Jan 31.

DUBAI: Residential transactions in Dubai are still slow and prices have continued to decrease on last quarter, although sales volumes have improved since the last quarter, the Cluttons Dubai Property Market Update reported.

KUALA LUMPUR: Space U8, dubbed Malaysia’s first “eco-mall” and developed by Mainstay Development Sdn Bhd, is scheduled for opening in June. The mall which is located within Bukit Jelutong, Shah Alam, costing RM200 million to develop is currently 90% completed.

SP SETIA
Another Land buy in Johor

• We reaffirm our BUY rating on SP Setia Bhd with our fair value unchanged at RM7.10/share based on an unchanged 5% discount to our fully-diluted NAV of RM7.46/share.

HONG KONG: Motorists are fed up with not being able to read road signs easily because there are too many in one spot or the signs are parallel to the road.

In the first nine months of last year the Transport Advisory Committee received 74 complaints or suggestions concerning road signs, up 17% on the previous corresponding period.

ABU DHABI: Prime Minister Datuk Seri Najib Razak said a study will be conducted on alternative energy being developed by Abu Dhabi to see whether the technologies involved can be adopted in Malaysia.

ROME: Italy celebrated its first Car-Free Day of the year in several cities on Sunday, Jan 30, in an attempt to curb gas emissions, as well as spread awareness among citizens on climate change and a healthy lifestyle through a series of environment-friendly initiatives.

KUALA LUMPUR: In a bid to widen the porftolio of its hospitality business in China, TA Global Bhd (TAG) has proposed to acquire the hotel and business of five-star Swissotel Kunshan in China for US$60.75 million (RM185.5 million) cash.