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Malaysia’s connectivity back on track and moving forward with VTL, ECRL and HSR

A major milestone this year in terms of connectivity was the reopening of the land Vaccinated Travel Lane (VTL-Land) between Johor and Singapore through the Causeway, which is one of the busiest border crossings in the world. The 97-year old Causeway, also known as Tambak Johor, had been closed to 400,000-odd travellers daily since mid-March 2020 to curb the spread of the Covid-19 virus.

TAFI Industries sells factory in Johor for RM9m

“TAFI Group had decided to dispose of the said factory as it will be more economical and cost-efficient to purchase the finished laminated boards or to sub-contract out the lamination process."

MRT Corp confirms Azhar has resigned as chairman after serving less than 10 months

The resignation is with effect from Monday (March 7), MRT Corp said in a statement on Thursday. “MRT Corp takes this opportunity to express our gratitude for the commitment and invaluable contribution made by Datuk Wira Azhar during his tenure and wishes him the very best in his future endeavours,” the company added.

Solarvest bags RM154m worth of contracts under LSS4

In a bourse filing on Thursday (March 10), Solarvest said one of the projects was awarded by Teja 1 Sdn Bhd, with a capacity of 15MW and valued at RM54.4 million. It will be developed in Kampar and is expected to be commercially operational by Dec 14, 2022.

3,200 land lots for second generation of Felda in Johor

“This is a new concept. We no longer sell ready-made houses but land lots to the second generation of Felda for them to build their own houses with the State government providing the land and we (Federal government) help in developing the infrastructure."

DONE DEAL: Condominium at Residensi Sefina, Kuala Lumpur

Noteworthy:

  • Freehold

  • Semi-furnished 

  • Built-up: 1,333 sq ft

  • Three bedrooms, two bathrooms

  • Facilities: 50m lap pool, wading pool, jacuzzi, cabana, Star Deck, sandy volleyball court

  • Amenities: Mont’Kiara International School, Publika Shopping Gallery, Solaris Dutamas, Solaris Mont’Kiara, 1 Mont’Kiara, Plaza Damas

When: October 2021

Resorts World Genting to ramp up operational capacity while optimising costs

“Progressive roll-out of the remaining attractions at Genting SkyWorlds is a focus,” the casino and hotel operator said, noting the reopening of Malaysia's borders will further support the group's recovery as improved Covid-19 vaccination rates drive optimism of domestic economic growth.

DONE DEAL: Office at The Horizon, Kuala Lumpur

Noteworthy:

  • Leasehold

  • Fully furnished 

  • Built-up: 4,000 sq ft

  • Private lift lobby, private pantry area, private washrooms

  • Accessibility by major highways such as Federal highway, Kerinchi Link and North Pantai Expressway (NPE).

When: August 2021