ECRL, HSR will not destroy local airlines
KUALA LUMPUR (April 24): Mega rail projects in the country is not a threat to the local airline sector.
Axis REIT buys industrial Shah Alam property for RM87m
KUALA LUMPUR (April 23): Axis Real Estate Investment Trust (Axis REIT) is adding a freehold industrial property in Shah Alam, Selangor, which it is acquiring for RM87 million, to its portfolio.
Landscaping key to livability, but often neglected
KUALA LUMPUR (April 21): Landscape plays an important role in enhancing people's lives and wellbeing, but unfortunately it is also often neglected in real estate development, public space and urbanisation.
Tax relief granted to mega public projects since 1980s
KUALA LUMPUR (April 20): Various tax reliefs have been commonly accorded to mega public infrastructure developments as a government incentive since the 1980s, the Royal Malaysian Customs Department asserted yesterday, following the brouhaha over the granting of goods and services tax (GST) relief for the procurement of materials and services related to the RM55 billion East Coast Rail Link (ECRL) project.
MK Land unit slapped with IRB lawsuit over RM26.98m tax claim
KUALA LUMPUR (April 19): Property developer MK Land Holdings Bhd said today its wholly-owned subsidiary Saujana Triangle Sdn Bhd is being sued by the Inland Revenue Board (IRB) over RM26.
JKPTG sets up fund to help solve strata title woes
PETALING JAYA (April 19): The Department of Director General of Land and Mines (JKPTG), which falls under the Ministry of Natural Resources and Environment, has established a Strata Ownership Special Fund (Tabung Khas Hak Milik Strata) with an allocation of RM12.
Keck Seng close to taking stake in Accor’s hotel investment firm
KUALA LUMPUR (April 19): Keck Seng (Malaysia) Bhd is close to acquiring a stake in Luxembourg-based AccorInvest Group SA, boasting a portfolio of 891 hotels in the economy and in the mid-scale segment — a majority of which are located in Europe.
ECRL to improve household income in east coast, says MIDF Research
KUALA LUMPUR (April 18): The RM55 billion East Coast Railway Link (ECRL) project can improve household income and youth unemployment for the people of the east coast, said MIDF Amanah Investment bank Bhd Research.
Revised guidelines on listed REITs seen positive for growth
Real estate investment trust sector Maintain neutral: The Securities Commission Malaysia (SC) has implemented the new revised guidelines on listed real estate investment trusts (REITs) effective on April 9, 2018.
Malaysia confirms GST relief for Chinese firm behind ECRL
KUALA LUMPUR (April 17): The Royal Malaysian Customs Department confirmed granting China Communications Construction Sdn Bhd goods and services tax (GST) relief under Malaysia's East Coast Rail Link (ECRL) project.
