CBRE shares positive outlook on Malaysia's hotel sector

KUALA LUMPUR (Apr 29): With a resilient domestic tourism sector and Malaysia's growing popularity as a halal tourism destination, Kuala Lumpur is poised to reap the benefits of the reopening of international travel, CBRE said in a recent Kuala Lumpur Hotel Market Outlook & Prospects 2022 report by CBRE|WTW’s global joint venture partners, CBRE Asia Pacific.

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Court of Appeal wrong in finding conflict of interest in Taman Rimba Kiara case, says lawyer

PUTRAJAYA (April 28): The lawyer for government-linked foundation Yayasan Wilayah Persekutuan (YWP) said the Court of Appeal (COA) was wrong in finding that there was a conflict of interest in having the Kuala Lumpur mayor and federal territories minister on the board of trustees of YWP when a development order (DO) was issued by the Kuala Lumpur City Hall (DBKL) to YWP and developer Memang Perkasa Sdn Bhd in developing the Taman Rimba Kiara land, the Federal Court heard on Thursday (April 28).

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Top Builders chairman redesignated as CEO

KUALA LUMPUR (April 28): Foo Ming Li, executive chairman of Top Builders Capital Bhd, formerly Ikhmas Jaya Group Bhd, has been redesignated as group chief executive officer of the piling and engineering group.

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