News about UK

KUALA LUMPUR (April 17): Yong Tai Bhd is set to exit its loss-making textile and garment business by selling its remaining wholly-owned subsidiary Syarikat Koon Fuat Industries Sdn Bhd by June.

KUALA LUMPUR (April 14): Singapore, Australia and the UK are the top overseas home choices for wealthy Malaysians, according to Knight Frank’s Attitudes Survey in the latest edition of its Wealth Report.

KUALA LUMPUR (April 14): S P Setia Bhd, Permodalan Nasional Bhd (PNB) and Amanahraya Trustees Bhd (as trustee for Amanah Saham Bumiputera) have entered into a non-binding Memorandum of Intent to commence negotiations on the proposed acquisition of I&P Group Sdn Bhd by S P Setia.

KUALA LUMPUR (April 14): Property developer TAHPS Group Bhd hopes to engage in more digital marketing efforts to reach out to young people who want to buy a property in the future.

PETALING JAYA (April 13): I&P Group Sdn Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), has appointed Yuslina Mohd Yunus as its new group managing director, succeeding Datuk Jamaludin Osman who will retire April 30.

PETALING JAYA: S P Setia Bhd’s first foray into Bukit Tinggi, Klang has been well-received.

KUALA LUMPUR (April 12): The value of the road projects which Malaysian firms are bidding for in India’s Rajasthan state is US$1.

SEREMBAN (April 11): Housing developers in Negeri Sembilan undertaking projects of two hectares or less are not required to build affordable houses worth RM80,000 per unit.

SELAYANG (April 11): Hua Yang Bhd plans to expand its presence on Penang mainland by launching another three projects with an estimated combined gross development value (GDV) of RM800 million in the next three years, according to its assistant general manager Tony Ng.

KUALA LUMPUR (April 7): The new tourism tax bill that was just passed is expected to affect KLCCP Stapled Group, which owns Mandarin Oriental Kuala Lumpur Hotel that is already facing a challenging environment.