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Magna Prima said the disposal consideration of RM65 million was arrived at after taking into account the negative net current liabilities of RM68.

While the termination of the controversial Petaling Jaya Dispersal (PJD) Link was welcomed by many Petaling Jaya residents and non-governmental organisations who have been calling for the project to be scrapped due to environmental and social concerns, Parti Pribumi Bersatu Malaysia (Bersatu), one of the main component parties of Perikatan Nasional (PN), has questioned the right of the caretaker Selangor government led by Menteri Besar Datuk Seri Amirudin Shari in making such an impactful decision ahead of the polls.

On prospects, the REIT expects the hospitality industry to stay relatively buoyant amidst risks of higher inflation, interest rate hikes, and other economic challenges.

“We will see first whether the decision is carried through.

The usage of IBS in Rumah Idaman Cahaya, similar to other Rumah Idaman projects undertaken by MGB, contributes to its affordability due to reduced dependence on labour, an ability to optimise cost as well as increase and maintain the quality of the units.

Net profit grew 14.

The substructure works are for two blocks of 47-storey serviced apartments comprising 453 units, with existing commercial development comprising a five-storey retail mall and two levels of basement parking.

Remaining units at M Oscar are of the Type D layout, featuring four rooms and three bathrooms, with a built-up of 1,198 sq ft.

The agreements are for the leasing of KPJ Perdana Specialist Hospital to Perdana Specialist Hospital Sdn Bhd; KPJ Kajang Specialist Hospital to Kajang Specialist Hospital Sdn Bhd; KPJ Sentosa KL Specialist Hospital to Sentosa Medical Centre Sdn Bhd; Kedah Medical Centre to Kedah Medical Centre Sdn Bhd; and Kuantan Care and Wellness Centre (Kuantan CWC) to Kuantan Wellness Center Sdn Bhd.

On a quarter-on-quarter basis, Gamuda’s latest quarterly net profit rose 14.