News about Rand

A memorandum of understanding (MoU) was also signed between EcoWorld and GoldenHome Living Co Ltd to establish a strategic partnership in providing furniture such as kitchen cabinets, wardrobes and innovative product packages for EcoWorld’s residential, commercial and industrial developments.

The real estate giant had previously tried to avert liquidation with a reorganisation plan.

Datuk Seri Fateh Iskandar Mansor said it is not the best time for the government to implement such measures as the local property market is slowly recovering from the Covid-19 pandemic and headwinds from rising inflationary pressures.

With a gross development value (GDV) of RM200 million, the Lifestyle Suites tower comprises 651 small office units and priced from RM240,000.

NCT executive chairman and group managing director Datuk Sri Yap Ngan Choy said while the bottom line was impacted in the period under review, the company continued to record solid growth in revenue.

Based on the illustrative gross proceeds, the company in a filing with Bursa on Thursday (Aug 10) said almost all of it or RM53.

With i-Miliki, an initiative under Putrajaya’s Home Ownership Programme 2022/2023 or HOPE, first-time purchasers of homes priced RM500,000 and below will be fully exempted from paying the stamp duties on the Memorandum of Transfer (MOT) and loan agreement, while first-time purchasers of residential units priced above RM500,000 up to RM1 million will receive 75% remittance on the two stamp duties.

Judicial Commissioner Liza Chan Sow Keng granted the inter-partes (both parties) interim injunction.

The green business park has attracted more than 100 enterprises from various industries such as F&B sectors; FMCG wholesalers and distributors; E-commerce & logistics warehouses; furniture businesses; electrical & electronic businesses and manufacturers of cans and roller shutters.

The arbitration notice was filed in response to GDBSB’s notice of demand amounting to RM102.