GEORGE TOWN (April 2): The Penang state executive council has agreed to a revised mechanism for determining the annual quit rent rates aimed at reducing the financial burden on landowners.
GEORGE TOWN (March 23): Penang Chief Minister Chow Kon Yeow (pictured) will prepare a report to be submitted to DAP secretary general Anthony Loke regarding the implementation of new quit rent (land tax) rates, which came into effect on Jan 1 in the state.
KUALA LUMPUR (March 19): The Federal Land Development Authority (Felda) and the Terengganu state government on Wednesday signed a settlement agreement to streamline the land ownership status of commercial plantations in six districts in the state.
KUALA LUMPUR (March 19): Malaysia has stopped giving preferential rates for the withholding tax on dividends from real estate investment trusts (REITs) or property trust funds (PTFs), a government notice showed.
GEORGE TOWN (March 10): The Penang government should scrap the quit rent revision as the state’s first adjustment in three decades is based on a flawed framework, said a grouping of Chinese businessmen.
PETALING JAYA (Feb 26): Tropicana Corp Bhd has formalised two partnerships at its Tropicana Alam township in Puncak Alam, introducing managed renovation and solar energy options at the 480-unit Avisa Residences development.
KUALA LUMPUR (Feb 23): YTL Live, YTL Corporation Bhd's (KL:YTL) operating company for a new live entertainment complex in Bristol, has announced that Aviva, a diversified UK insurer, has been named the partner of Bristol’s 20,000-capacity indoor arena under a long-term sponsorship agreement.
GEORGE TOWN (Feb 20): The Penang government has stressed that the increase in quit rent in 2026 and the gazettement of 25 new townships are necessary measures to address long-standing inequities arising from rates that have not been reviewed for the past 30 years.
JOHOR BAHRU (Feb 18): The Johor government has described allegations linking water supply disruptions in Pontian and Simpang Renggam to data centre development as untrue and baseless.
PETALING JAYA (Feb 6): Clear compensation provisions must be stipulated in the Urban Renewal Act, says a legal expert.
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