This follows its failure to obtain approval from the Economic Planning Unit (EPU) to waive a 30% Bumiputera equity ownership condition prior to transferring ownership of the land.

The sukuk is based on the shariah principle of Musharakah-rated A2 by RAM Ratings, said the Maju Holdings Sdn Bhd-owned highway concessionaire.

Expected to be completed by 2025, Platinum Casa Danau Residences offers 200 units with a built-up of 1,184 sq ft. It is priced from RM553,000.

The price revision effective Thursday (Feb 17) is due to significant and sustained rising cost of raw and packaging materials and freight charges, CMS said in a statement.  

Speaking during the fourth quarter of 2021 gross domestic product (4Q21 GDP) statistics press conference on Friday (Feb 11), the governor said the central bank had always maintained that the financing model is a key component to support homeownership, with recommendations ready to address the matter.

At the document exchange ceremony on Thursday (Feb 10), the deputy state secretary of Johor (development) Datuk Mohammed Ridha highlighted the importance of close collaboration between the Johor government and private sector in realising the agenda of Johor state: “I am very pleased with Iskandar Investment Bhd (IIB)’s effort to understand the aspiration of (the) Johor government and embarking in an inclusive and sustainable project such as the MIH in Wawari, Iskandar Puteri.

The theme park enhancement project will be carried out in collaboration with China Mobile International (CMIM) to combine i-City’s City of Digital Lights with an immersive 3D Metaverse experience.

In a media statement, S P Setia president and CEO Datuk Choong Kai Wai said he is confident with the success of the new venture, given the ageing population in Malaysia and the need for such services to be conveniently accessible in established townships housing multi-generational families like Setia Alam.

The 1.2-acre plot will be developed into a mixed-use development that will include hotel, residential and retail components. 

A three-member Federal Court bench had on Wednesday granted KAJ an adjournment till May 19, 2022 to hear the company's application for permission to appeal against the Court of Appeal's decision in 2021 to reject its application for permission to initiate a judicial review to challenge the Melaka state government’s move to terminate its agreement with KAJ involving land reclamation with the Straits of Malacca for the Melaka Gateway project.