News about ER

Based on the group’s bourse filing, the land is on a 60-year leasehold, set to expire on May 31, 2069 and measures out to 1.

This is the fourth contract that the construction group has secured this year.

MBAM also mentioned that it is a showcase of an IBS project, which uses the latest Construction Industry Development Board (CIDB) form of contract.

“All the hotels and experiential centre will be [located] at the nine towers [while] the lifestyle and entertainment [centre] will be at the 135-acre [parcel] where Encore Melaka [currently] sits, therefore pulling a lot of tourists into Melaka in the future.

"The fibre connectivity which is projected to be ready by the fourth quarter of 2023 will extend from Johor to the northern and southern borders of Peninsular Malaysia.

Currently, Akmal Nasrullah said the liquidator may charge a service charge based on Companies Winding-up Rules 1972 for the services provided and the rate of charge is subject to the complexity of the liquidator's role in managing the affairs of the housing project.

“With this milestone, we trust that BHB’s commercial value will be unlocked and its full potential unleashed in order to boost our assets under management, translating into better returns for our contributors, the members of the Armed Forces.

With i-Miliki, an initiative under Putrajaya’s Home Ownership Programme 2022/2023 or HOPE, first-time purchasers of homes priced RM500,000 and below will be fully exempted from paying the stamp duties on the Memorandum of Transfer (MOT) and loan agreement, while first-time purchasers of residential units priced above RM500,000 up to RM1 million will receive 75% remittance on the two stamp duties.

It noted that as Mass Rapid Transit 3 (MRT3) contract rollout could likely take a longer time — sometime in late 4Q2023 or early 1Q2024 — contractors may fill in the temporary void of local infrastructure jobs by focusing on industrial ones.

According to the group, the merged entity will be equipped with RM61.