Boustead targets to grow revenue to RM30 bil in five years

GEORGE TOWN (Aug 5): Boustead Holdings Bhd (BHB) is targeting to increase group revenue from about RM12 billion currently to RM30 billion within the next five years through a business restructuring that focuses on defence, property development and commercial services.

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Appellate court rules single JMB should manage mixed developments, residential and commercial properties allowed to have different rates

PUTRAJAYA (Feb 12): In a landmark judgement last week involving a property development project in Penang, the Court of Appeal (COA) ruled that for mixed developments, a single joint management body (JMB) should operate, and there should not be different managements for commercial and residential properties in the running of maintenance and management of the development.

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