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Consequently, this has led to “a number of unintended consequences”, the first of which is the increased number of completed but unsold units, which Tong said is incorrectly labelled as “overhang”.

Under the JV, Perak Corp will be entitled to a revenue share of 35% based on the net development value while Advancecon will be entitled to 65%.

MRCB said the decline in revenue was due to much lower contributions from the property development and investment division, as well as the engineering, construction and environment division, following the completion of three major infrastructure construction projects last year and two major property development projects in the first half of 2023 (1HFY2023).

OSK said, in a filing with Bursa Malaysia on Monday, that it recorded stronger sales revenue for its power cable and industrialised building system (IBS) wall-panel manufacturing, driven by both local and export sales.

Earnings per unit for the third quarter ended Sept 30, 2023 (3QFY2023) declined to 2.

As for how urban green spaces benefit economies, Mike Rands, a distinguished environment scientist, conservationist and ornithologist, pointed out that taking care of nature within urban settings had a spillover effect to businesses and the well-being of citizens KUALA LUMPUR (Nov 24): Think City and Yayasan Hasanah, the impact-based foundation of Khazanah Nasional Bhd, co-hosted Mike Rands, a distinguished environment scientist, conservationist and ornithologist (a bird expert), who spoke about how urban green spaces play an important role in a country's economy.

Kerjaya Prospek said its solicitor has issued a letter to BCM, instructing them to make the specified payment within seven days from Nov 21.

A new Act will surely come with its own set of challenges, but is KPKT capable of monitoring it when it has not been able to resolve the current spate of problematic projects? The Ministry of Local Government Development (KPKT) has recently announced that the Urban Renewal Act will be tabled next year.

Hektar Asset Management executive director and chief executive officer (CEO) Johari Shukri Jamil said: Hektar REIT’s malls, strategically positioned as neighbourhood and community hubs, have been the focal point of our success.

The five-km underground vehicular tunnel will seamlessly link TRX to a network of 12 major roads and highways including Jalan Tun Razak, Jalan Sultan Ismail, Maju Expressway (MEX), SMART Tunnel and the Setiawangsa-Pantai Expressway (SPE), said TRX City Sdn Bhd, the master developer of the 70-acre TRX development.