News about ER

GEORGE TOWN (Dec 30): Over the past seven years, the DAP-led Penang government has had to endure criticism from various quarters over many of the changes introduced in the state.

SHAH ALAM (Dec 30): Only World Group Holdings Bhd (OWG), which aims for a 50% growth in revenue this financial year ending June 30, 2016 (FY16), expects to seal an investment deal “in the next couple of months”.

KUALA LUMPUR (Dec 30): Kobay Technology Bhd is selling an unused piece of industrial land in Ipoh, Perak for RM7 million or RM57 per sq ft.

We continue our focus on Central City Kuala Lumpur (excluding the KLCC area) by looking at average prices on a per square foot (psf) basis.

KUALA LUMPUR (Dec 30): Pavilion Real Estate Investment Trust (Pavilion REIT) is buying The Intermark Mall, which forms part of The Intermark mixed-use development located at the crossroads of Jalan Ampang and Jalan Tun Razak here, for RM160 million cash, which will be fully funded through debt.

GEORGE TOWN (Dec 29): The federal government should approve the Penang Transport Master Plan so that the state government cannot use it as a "political gimmick" to raise public outcry, says Penang state exco Chow Kon Yeow (pictured).

KUALA LUMPUR (Dec 29): Save Vivekananda Ashram Brickfields committee will hold a candlelight vigil tomorrow to protest the ashram board of trustees' application for a judicial review to void the decision to declare the ashram a heritage site.

GEORGE TOWN (Dec 29): Green groups are right to be worried about new land reclamation projects on the southern part of Penang island due to bad experiences with previous ones on the north side, even as the Penang government seeks to assuage residents’ fears.

GEORGE TOWN (Dec 29): There are mixed feelings among Penang folk about land reclamation, especially the latest plan to create man-made islands off the southern coast of the island to finance the RM27 billion Penang Transport Master Plan (PTMP).

Eversendai Corp Bhd (Dec 28, 79 sen) Downgraded from hold to sell with a target price of 82 sen: The consortium of Samsung C&T Corp and UEM Group Bhd has secured the KL118 Tower project from the project owner, Permodalan Nasional Bhd, at a contract sum of RM3.