Average growth on construction sector to decelerate to 4.3% from 7.1% in 2016-2017
KUALA LUMPUR (Oct 18): Malaysia's construction sector is targeted to moderate at an annual average growth rate of 4.
Selangor MB to mediate between protesters and temple committee
PETALING JAYA (OCT 18): Selangor mentri besar Amirudin Shari is to meet all parties who are involved in the relocation of the Seafield Sri Maha Mariamman Temple on Oct 22.
Klang hawker centre to be demolished by council
PETALING JAYA (Oct 17): Due to issues of safety and cleanliness, the 50-year-old hawker centre in Jalan Sena, Klang will be demolished.
Meda Inc’s new shareholder to settle outstanding rental payments with The Arc @ Cyberjaya owners
PETALING JAYA (Oct 16): Meda Inc’s recently emerged shareholder Datuk Seth Yap will be resolving outstanding rental charges due to owners of The Arc @ Cyberjaya.
Road closure at Taman Fadason, Kepong
KUALA LUMPUR (Oct 16): Kuala Lumpur City Hall (DBKL) announced today in a statement that there will be a road closure at the Taman Fadason, Kepong, area to facilitate the construction of a flyover.
Palma Apartments tax defaulters may have their property seized
PETALING JAYA (Oct 16): Vacant and abandoned units of Palma Apartments, Bandar Country Homes, Rawang whose owners have failed to settle their assessment tax for five years or more, may have their property seized by the Selayang Municipal Council (MPS).
MRCB balance sheet seen to improve further in 2H
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.
Kerjaya Prospek takes over condominium project in KL
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.
Cuscapi buys commercial space of Empire City for RM20m
KUALA LUMPUR (Oct 12): Cuscapi Bhd, which is currently operating from leased premises, is acquiring commercial space of Empire City in Damansara Perdana for RM20 million.
Oktoberfest events may proceed if held indoors by restaurants with liquor licenses
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.
