Langkawi Unesco status hangs in the balance

LANGKAWI (Oct 16): The Kilim Geoforest Park, one of few Unesco-certified sites in Southeast Asia, may lose the status if an assessment review is conducted during low tide, which will reveal the impact of tourism activities on the area.

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‘Any sale of government assets will not involve PNB’

KUALA LUMPUR (Oct 16): Tony Pua, the political secretary to the finance minister, said any sale of Malaysian government assets will not involve Permodalan Nasional Bhd (PNB) because funds and investments of PNB belong to the company’s unitholders and not the government.

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Xian Leng inks MoU to participate in PR1MA in Kedah

  KUALA LUMPUR (Oct 16): Ornamental fish breeder and trader Xian Leng Holdings Bhd will participate in constructing a 500-unit multistorey flat at Ulu Melaka in Langkawi, Kedah under the 1Malaysia People’s Housing Programme (PR1MA).

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Ideal shareholders to inject assets of RM353m

KUALA LUMPUR (Oct 16): Ideal United Bintang International Bhd’s (IUBI) substantial shareholders Tan Sri Ooi Kee Liang and his spouse Puan Sri Phor Li Wei plan to inject their three private property companies into the group to bolster its current portfolio of development projects and enhance its profile as a property developer by participating in more profitable projects.

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