News about IT

GEORGE TOWN: After a delay of almost four years, land reclamation works on the RM10 billion Penang WorldCity mixed-use development in Bayan Mutiara, Penang may finally be moving forward.

This is the first in a series of four snapshots on Klang.

IJM Corp Bhd (Nov 5, RM3.

PETALING JAYA (Nov 6): The private sector is unable to provide affordable homes at prices on par with Perbadanan PR1MA Malaysia (PR1MA), Rumah Selangorku or other government-backed affordable housing schemes as their land cost and construction cost alone may double the selling prices of these homes, said Knight Frank Malaysia executive director Allan Sim.

KUALA LUMPUR (Nov 6): Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) has proposed a new design for the Ampang Park MRT station that will not require its namesake, the country’s first shopping centre, to be demolished.

KUALA LUMPUR (Nov 5): The country has, under the Eleventh Malaysia Plan 2016-2020 (11MP), identified “sustainable construction” as the game changer for the construction industry, said Construction Industry Development Board (CIDB) Malaysia chief executive Datuk Dr Judin Abdul Karim (pictured) at the Zofnass Programme Symposium held at Harvard University in the US recently.

KUALA LUMPUR (Nov 5): MRCB-Quill REIT reported net profit of RM15.

KUALA LUMPUR (Nov 5): Property developer Plenitude Bhd expects to maintain the RM250 million sales quantum it achieved in the financial year ended June 30, 2015 (FY15) in FY16, amid the more challenging global and domestic economic scenarios.

KUALA LUMPUR (Nov 4): Tropicana Corp Bhd announced that Datuk Kong Woon Jun (pictured) has resigned as the group's managing director (MD) effective Dec 5 this year.

KUALA LUMPUR (Nov 4): S P Setia Bhd, the country’s biggest listed developer by sales, in a joint venture (JV) with Investec Australia Ltd (IAL), has been shortlisted to bid for the contract to transform the A$500 million (RM1.