Toll collected 2x cost of highway construction
KUALA LUMPUR (Nov 16): Double the cost of the construction of highways has been collected, since operations to collect tolls began, said Works Minister Baru Bian.
Tengku Adnan claims trial to receiving RM3m to facilitate land deals
KUALA LUMPUR (Nov 15): Datuk Seri Tengku Adnan Tengku Mansor pleaded not guilty in the Sessions Court today to two counts of corruption involving the receipt of RM3 million to facilitate land deals during his tenure as the Federal Territories Minister.
Vibrations from DASH construction works shake Damansara Perdana folk
PETALING JAYA (Nov 15): Construction works for the Damansara-Shah Alam Elevated Expressway (DASH) happening at Jalan PJU 8/5C, Damansara Perdana this afternoon have caused a series of “obvious shaking” which scared the office workers in the nearby office to run-off from their buildings.
Lack of contribution from Battersea cuts S P Setia 3Q net profit by 81%
KUALA LUMPUR (Nov 14): S P Setia Bhd saw its net profit plunge by 81.
MRCB’s EDL concession termination expected to reduce its net gearing
Malaysian Resources Corp Bhd (Nov 13, 74.
Forest City developer contributes to revitalisation of century-old school
GELANG PATAH, JOHOR (Nov 14): Country Garden Pacificview (CGPV) Sdn Bhd, the developer of Forest City recently contributed RM550,000 to refurbish SK Tanjung Adang, a 100-year old school in Gelang Patah, Johor.
Guan Eng: Luxury cars not eligible for targeted petrol subsidy
KUALA LUMPUR (Nov 13): Finance Minister Lim Guan Eng said today luxury car owners will not receive petrol subsidies from the government as announced under Budget 2019 even though their vehicle engines have capacities of 1,500cc and below.
Rehda Institute, MRMA to set up residential REIT to provide rental housing
KELANA JAYA (Nov 13): Rehda Institute is looking at introducing a Residential Real Estate Investment Trust (REIT) which could provide more rental housing to the B40 income group.
Govt should promote rent-to-own concept to boost homeownership
KELANA JAYA (Nov 13): The Housing and Local Government Ministry (KPKT) should take the initiative to work with the private sector to promote the rent-to-own concept or other alternatives to encourage homeownership without over-stretching the finances of individuals instead of increasing affordable housing supply, said Socio-Economic Research Centre (SERC) executive director Lee Heng Guie.
S’pore-listed Thomson Medical to spin off property business
KUALA LUMPUR (Nov 13): TMC Life Sciences Bhd said its parent, Singapore-listed Thomson Medical Group Ltd (TMG), plans to spin off its real estate business to its existing shareholders via a distribution in specie by way of a capital reduction of S$155.
