Penang health authorities order closure of three nasi kandar restaurants
KUALA LUMPUR (July 13): The Pearl of the Orient is known all over the globe for its great food but some food vendors there have failed to keep their hygiene standards recently.
WCT active, jumps 7.23% on landing RM555m contract
KUALA LUMPUR (July 13): WCT Holdings Bhd jumped 7.
SKH to buy 70% stake in firm to gain rights to affordable housing project
KUALA LUMPUR (July 13): SKH Consortium Bhd is planning to acquire a 70% stake in property development firm Rimbun Gabungan Sdn Bhd for RM12 million, from a company in which Bina Puri Holdings Bhd's founder Dr Tony Tan Cheng Kiat is a director.
RM114m to subsidise residential power surcharge in 2H18
KUALA LUMPUR (July 13): Domestic users are the first priority for Putrajaya, which will utilise RM114 million from the Electricity Industry Fund (KWIE) to subsidise nearly 82% of residential power users in the second half of the year, according to Energy, Technology, Science, Climate Change and Environment minister Yeo Bee Yin (pictured).
Gabungan AQRS sees better FY18
KUALA LUMPUR (July 13): Gabungan AQRS Bhd’s net profit for the second financial quarter ended June 30, 2018 (2QFY18) more than doubled to RM19.
New guideline of allowing REITs to engage in property development a sector catalyst
Real estate investment trust sector Maintain neutral: We maintain “neutral” rating on the real estate investment trust (REIT) sector given the general oversupply situation but this should be offset by the appeal of REITs given the current uncertain equity markets.
IGB REIT seen to gain from improved consumer sentiment, spending
IGB Real Estate Investment Trust (REIT) (July 12, RM1.
Shares jump on LRT3 green light
KUALA LUMPUR (July 13): Shares in George Kent (Malaysia) Bhd and Malaysian Resources Corp Bhd (MRCB) rallied yesterday after Finance Minister Lim Guan Eng announced that the cabinet had approved the continuation of the light rail transit Line 3 (LRT3) project at a final cost of RM16.
Kumpulan Jetson unit bags RM88m serviced apartment job
KUALA LUMPUR (July 12): Kumpulan Jetson Bhd's wholly-owned subsidiary Jetson Construction Sdn Bhd has bagged a contract worth RM88.
Share unit weightage – the next ‘time bomb’ in property management?
KUALA LUMPUR (July 12): Malaysia Shopping Malls Association (PPK) committee member for research YL Lum foresees that the calculation of share unit weightage in strata-titled properties will be the next ‘time bomb’ in property management.
