DONE DEAL: 1.5-storey factory, Perai Industrial Estate, Penang

Rented for: RM75,000 a month Concluded by: J T Tan (REN 08365) of Khoo & Associates Realty (012-392 6682) When: Feb 14, 2018 Noteworthy: ● A factory with a land area of 121,968 sq ft and built-up size of 72,000 sq ft ● Nearby amenities: Juru Auto City, banks and various eateries ● About 4km away from Bukit Tengah Industrial Park, 8km away from Penang Bridge, 28km to George Town, 26km away from Bayan Lepas Industrial Park and Penang International Airport Situated close to the Penang Bridge, Perai Industrial Estate is a home for light and medium industries that create work opportunities for the locals.

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Berjaya Land ends FY18 in the red as forex rates, Sports Toto drag

KUALA LUMPUR (June 28): Berjaya Land Bhd, which is controlled by tycoon Tan Sri Vincent Tan, wrapped up its financial year ended April 30, 2018 (FY18) with another quarter of net loss, due mainly to unfavourable foreign exchange rates, and lower profit contribution from its number forecast operator business.

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MGB gets LoI for RM175.2m works

KUALA LUMPUR (June 28): MGB Bhd has received a letter of intent (LoI) from Kemudi Ehsan Sdn Bhd, a subsidiary of LBS Bina Group Bhd, to undertake piling, pile cap and building works including internal infrastructure works valued at RM175.

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Government should put RAC under KTMB — railway union

KUALA LUMPUR (June 28): The workers’ union of Keretapi Tanah Melayu Bhd (KTMB) has urged Transport Minister Anthony Loke Siew Fook to restructure Railway Assets Corp (RAC) and place it under KTMB so the latter can be a more multifaceted business organisation.

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Third Colony office set to open at KL Sentral

KUALA LUMPUR (June 28): Luxury serviced office and co-working space provider Colony is set to open its third location at KL Sentral by the end of this year, Colony Space Asia co-founder and executive director Timothy Tiah told EdgeProp.

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