AEON BiG getting smaller

MORE than four years after Japanese retailer AEON Co Ltd took over France-based Carrefour’s loss-making business in Malaysia, it is still struggling to improve its bottom line.

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KL 33 Properties buys Menara Prudential Building for RM125 mil

PETALING JAYA (Feb 17): Property investment and holding company KL 33 Properties Sdn Bhd has acquired Menara Prudential (pictured) in Kuala Lumpur city centre for RM125 million, according to JLL Malaysia who is the transaction advisor on behalf of the seller — OCBC Properties (M) Sdn Bhd.

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British-Australian consortium is preferred bidder for KL-S’pore HSR

KUALA LUMPUR (Feb 17): A consortium of WSP Engineering Malaysia Sdn Bhd of Australia, UK-based Mott MacDonald Malaysia Sdn Bhd and Ernst & Young Advisory Services Sdn Bhd (EY) has been selected as the joint development partner (JDP) for the Kuala Lumpur-Singapore high-speed rail (HSR) project, which will cut travel time between Singapore and Kuala Lumpur to 90 minutes.

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