Malaysian Resources Corp Bhd (Oct 12, 72 sen) Maintain buy with a target price of 98 sen: Malaysian Resources Corp Bhd’s (MRCB) balance sheet is expected to improve further in second half of financial year 2018 (2HFY18) with earnings enhancement largely due to the disposal of land in Kia Peng, Kuala Lumpur, which is to be concluded in the third quarter of FY18, and significant deleveraging expected from the disposal of its two key non-core assets — the Eastern Dispersal Link (EDL) with an outstanding debt of RM1.
KUALA LUMPUR (Oct 12): Kerjaya Prospek Group Bhd is buying a 90% stake in Yakin Land Sdn Bhd (YLSB), which has a 36-storey condominium project in Batu, Kuala Lumpur, for RM10.
PETALING JAYA (Oct 11): Restaurants in Kuala Lumpur may hold Oktoberfest events provided if the events take place within their premises and they have licenses to sell alcoholic drinks, said mayor Datuk Nor Hisham Ahmad Dahlan.
KUALA LUMPUR (Oct 11): The Kuala Lumpur City Hall (DBKL) has issued a stop-work order to an 11-storey hotel project in Jalan Rembia, Off Jalan Tong Shin here as it allegedly had been carrying out unauthorised construction works.
PETALING JAYA (Oct 9): Dewan Bandaraya Kuala Lumpur (DBKL) will be taking action against assessment and rent defaulters after it revealed RM525 million in outstanding revenue as at August, reported The Star.
PETALING JAYA (Oct 2): The Desa Putra Resident Association’s (RA) are angry and dismayed over Dewan Bandaraya Kuala Lumpur's (DBKL) Planning Department Director Nurazizi Mokhtar’s claim that there is no need for residents to be given the documents related to the proposed 46-storey high rise project that will be built less than 10 meters away from the condominium.
KUALA LUMPUR (Oct 2): UEM Sunrise will launch a low-density condominium in Mont'Kiara here comprising only 240 units in the middle of this month, said its managing director and CEO Anwar Syahrin Abdul Ajib.