KUALA LUMPUR: Sunway Holdings Bhd entered into two memorandum of understandings (MOUs) with the Jiangsu Changshu Economic Development Zone Authority on Nov 29, 2010 to acquire two pieces of land measuring 14 acres and 25 acres respectively to build factories to manufacture undercarriage parts and hoses, the group announced on Wednesday, Dec 1.

KUALA LUMPUR: Boustead Holdings Bhd, via its wholly-owned subsidiary Mutiara Rini Sdn Bhd (MRSB), entered into a sales and purchase agreement to dispose one acre of leasehold commercial land in Johor for RM3.96 million to Boustead Petroleum Marketing Sdn Bhd, the group announced on Wednesday, Dec 1.

KUALA LUMPUR: Mutiara Rini Sdn Bhd (MRSB), a wholly-owned subsidiary of Boustead Holdings Bhd (BHB) today entered into a sale and purchase agreement, to dispose off a one-acre plot of commercial land in Pulai, Johor Bahru.

KUALA LUMPUR: KYM Holdings Bhd has signed a Memorandum of Understanding (MoU) with Perbadanan Kemajuan Negeri Perak, for the establishment of a Heavy Industrial Park at Bagan Datoh.

KUALA LUMPUR: TRC Synergy Bhd's construction arm Trans Resources Sdn Bhd has been nominated as the main contractor for the RM950 million first phase of the Kelana Jaya Light Rail Transit line extension project.

KUALA LUMPUR: Former Prime Minister Tun Dr Mahathir Mohamad has expressed concern over the low occupancy rate of high-rise buildings in Kuala Lumpur.

This, he said, might primarily impact the banking sector as the situation can bring about long-term debts.

KOTA KINABALU: The Sabah Government is seriously considering building a road tunnel, particularly in the hilly area, to connect the city or major towns to towns in the interior, said Deputy Chief Minister Tan Sri Joseph Pairin Kitingan.

KUALA LUMPUR: The state governments can now renew the period of leaseholds to not more than 99 years on leasehold land to applicants renewing their existing land lease before their expiry.

MELAKA: After being declared as a developed state on October 20, Melaka's Chief Minister Datuk Seri Mohd Ali Rustam revealed his vision of seeing Melaka emerging as the "Green State" by 2020.

NEW YORK: Regulators and lenders may emulate the US lending markets' diversity of funding channels which emphasises less reliance on banks as sources of credit, said global real estate consultancy DTZ.

This change in direction could arise from issues related to debt and equity, it said in its Global Debt Funding Gap on Nov 24.