News about Johor

YTL Hotels had announced the acquisition of the Thistle Johor Bahru hotel from GuocoLand Ltd for RM150 million in September this year.

In a statement, SD Guthrie group managing director Datuk Mohamad Helmy Othman Basha said industrial development is set to become an important pillar of the group’s future growth.

The freeport is envisioned to offer tax exemptions on energy and maritime businesses, import-duty exemptions on most raw materials and equipment for manufacturing, unrestricted capital and profit repatriation, and allows 100% foreign ownership subject to conditions.

Developed as a key component of the JS-SEZ masterplan, the initial phase of SJREC is expected to include up to four gigawatts peak (GWp) of solar capacity and 5.

This will be the data centre provider’s third campus in Malaysia.

With the latest jobs win, Haily’s cumulative secured contracts for the year is estimated to have risen to RM345.

Crescendo said the lands are not generating cash flow, and the disposals are in line with a series of land sales undertaken over the past two years to unlock value, realise disposal gains and strengthen its financial position.

The sale covers one leasehold parcel (expiring in 2099) and one freehold parcel, both currently vacant.

Johor's overall residential market continued to show exceptional growth.

He added that transient disruptions like the one recently experienced in Johor should not have a significant impact on DC operations in the short term.