News about ER

PETALING JAYA (July 13): All seven Barisan Nasional (BN) representatives on the advisory board of Dewan Bandaraya Kuala Lumpur (DBKL) have resigned after receiving their formal letters, reported The Malaysian Insight.

KUALA LUMPUR (July 13): The state government of Johor wants to give its municipal councillors decision and policy making powers in preparation for local council elections.

KUALA LUMPUR (July 13): The police have identified the person involved in scamming people over the Johor affordable housing scheme or (RMMJ).

PETALING JAYA (July 13): A number of things will need to be taken into account before toll collection can be abolished, says Works Minister Baru Bian.

KUALA LUMPUR (July 13): Domestic users are the first priority for Putrajaya, which will utilise RM114 million from the Electricity Industry Fund (KWIE) to subsidise nearly 82% of residential power users in the second half of the year, according to Energy, Technology, Science, Climate Change and Environment minister Yeo Bee Yin (pictured).

KUALA LUMPUR (July 13): Gabungan AQRS Bhd’s net profit for the second financial quarter ended June 30, 2018 (2QFY18) more than doubled to RM19.

Real estate investment trust sector Maintain neutral: We maintain “neutral” rating on the real estate investment trust (REIT) sector given the general oversupply situation but this should be offset by the appeal of REITs given the current uncertain equity markets.

KUALA LUMPUR (July 12): WCT Holdings Bhd has secured a RM555 million contract from Lendlease Projects (M) Sdn Bhd for a proposed mixed development in the Tun Razak Exchange (TRX) Lifestyle Quarter.

KUALA LUMPUR (July 12): Malaysia Shopping Malls Association (PPK) committee member for research YL Lum foresees that the calculation of share unit weightage in strata-titled properties will be the next ‘time bomb’ in property management.

KLANG (July 12): The proposed RM43 billion Melaka Gateway development — which was scheduled to commence operation by March 2021 — may be facing hiccups.