News about ER

PETALING JAYA (April 18): The sleepy Perak town of Teluk Intan has just received some good news from the Prime Minister Datuk Seri Najib Tun Razak (pictured).

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.

KUALA LUMPUR (April 18): Aeon Co (M) Bhd is looking to strengthen and expand its presence to East Malaysia with its first Aeon mall in Kuching, Sarawak.

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.

PETALING JAYA (April 17): Thirty new hotels were completed last year, adding a further 5,777 rooms to the sector in 2017, over 50% more than the 3,733 new rooms introduced in 2016, said the Valuation and Property Services Department’s (JPPH) “Malaysian Property Market Report 2017”.

PETALING JAYA (April 17): The residential overhang in Penang (pictured) more than doubled to 3,916 units worth RM3.

PETALING JAYA (April 17): Some five acres of recreational land in Taman Cantik, Cheras, have allegedly been converted into development land just a day before Parliament was dissolved on April 7, reported The Malay Mail Online.

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.

Pesona Metro Holdings Bhd (April 16, 33 sen) Maintain buy with a target price (TP) of 45 sen.

KAJANG (April 17): The commercial property market has continued to decline in 2017, with 22,162 transactions worth RM25.