News about IT

SINGAPORE (May 10): Kevin Xayaraj has stepped down from his position as CEO and executive director of Sabana Real Estate Investment Management (SREIM), the manager of Sabana REIT.

KUALA LUMPUR (May 9): Construction firm Gadang Holdings Bhd says its 51%-owned joint venture company Gadang CRFG Consortium Sdn Bhd has bagged a major traffic dispersion and improvement job from TRX City Sdn Bhd worth RM327.

PETALING JAYA (May 9): IJM Perennial Development Sdn Bhd, a joint venture between IJM Corp Bhd and Perennial Real Estates Holdings Ltd, has unveiled The Light City, a large-scale integrated mixed-use waterfront development in Gelugor, Penang.

PETALING JAYA (May 9): Sime Darby Property is rolling out a new promotional campaign for the upcoming festive season, offering homebuyers the opportunity to own one of its recently launched properties in its townships located in the Klang Valley and Negeri Sembilan.

PETALING JAYA (May 9): The residents of Taman Tun Dr Ismail (TTDI) are livid over the Federal Territories (FT) Minister Datuk Seri Tengku Adnan Tengku Mansor’s response to residents’ concerns about the proposed serviced apartment development which involved parts of Taman Rimba Kiara in the neighbourhood.

Construction sector Maintain overweight call: Over the weekend, local newspapers covered several “what if” scenarios following the termination of the share sale agreement of the 60% stake in Bandar Malaysia to the 60:40 consortium formed by Iskandar Waterfront Holdings Sdn Bhd (IWH) and China Railway Engineering Corp (M) Sdn Bhd (CREC) — valued at around RM7.

KUALA LUMPUR (May 9): Iskandar Waterfront City Bhd’s (IWC) share price took a nosedive and hit limit-down shortly after the opening bell as it resumed trading yesterday, wiping out RM759.

KUALA LUMPUR (May 9): 1Malaysia Development Bhd (1MDB) president Arul Kanda Kandasamy has yet to receive any “official notification” of being removed from the board of TRX City Sdn Bhd and Bandar Malaysia Sdn Bhd.

KUALA LUMPUR (May 9): Iskandar Waterfront City Bhd (IWC) shares took more beating this morning in active trade and fell 23.

Singaporean businessman and property investor Alvin Ong relocated with his family to Ho Chi Minh City in Vietnam in 2012.