Westports buys land below sea from PKNS for RM116.19m to expand container terminal
KUALA LUMPUR (Sept 13): Westports Holdings Bhd is buying a parcel of land below sea, measuring 381 acres (154.
Widow, children get to intervene in mum's claim to Jamaluddin’s RM2.1b estate — report
KUALA LUMPUR (Sept 13): The Syariah High Court here today allowed the Jamaluddin Jarjis’ (pictured) widow, Kalsom Ismail, and her four children (aged between 23 and 33) to intervene in his mother's faraid claim to the portion of the RM2.
DBKL task force investigates 97 suspicious land transactions
KUALA LUMPUR (September 13): A special task force probed 97 dubious transactions of 675.
Jho Low used 1MDB money to buy US$325,000 Ferrari for Kim Kardashian — report
KUALA LUMPUR (Sept 13): Sovereign fund 1Malaysia Development Bhd (1MDB)’s former special advisor Low Taek Jho or Jho Low is alleged to have gifted Kim Kardashian (pictured) and her ex-spouse Kris Humphries a US$325,000 white Ferrari for their wedding in 2011.
Tony Tiah fails in takeover bid for TA Enterprise
KUALA LUMPUR (Sept 13): Datuk Tony Tiah Thee Kian, who launched a mandatory takeover offer (MGO) for TA Enterprise Bhd at 66 sen per share in July, has failed to garner the required acceptance from minority shareholders which would have given him control of over 50% of the total voting shares in the group.
DONE DEAL: 1½-storey factory, Saga Jaya Industrial Park, Seberang Perai
Rented for: RM9,000 a month Concluded by: Mayzel Wong (REN 17359) of Khoo & Associates Realty (017-575 8999) When: July, 2018 Noteworthy: ● A factory with a land area of 10,500 sq ft and built-up size of 6,000 sq ft ● Nearby amenities: Mydin shopping mall, Bukit Tengah railway station, eateries and Juru Auto City ● Easy access to North-South highway, 15km to Bandar Cassia in Simpang Ampat, 23km to George Town and 24km away from Penang International Airport.
REITs expected to be active in greenfield, brownfield projects
Real estate investment trust sector Maintain neutral: There are no surprises for 2QCY18 earnings for real estate investment trusts (REIT).
Construction landscape likely to remain challenging
Construction sector Maintain neutral: For the recent second quarter of 2018 results season, seven (54%) out of the 13 contractors under our coverage reported core earnings that were below expectations and six (46%) were within.
75% of shops & eateries not subject to SST after turnover threshold raised
KUALA LUMPUR (Sept 12): Seventy-five per cent of shops and restaurants are not subject to the new tax system that replaced the goods and services tax (GST), following the increase of annual turnover threshold for the sales and services tax (SST) to RM1.
Forest City has seen “significant increase” in S'porean, M'sian buyers
PETALING JAYA (Sept 12): There is a significant increase in Singaporean and Malaysian buyers of Forest City units thanks to marketing efforts in its sales galleries within both countries, said Country Garden Pacificview Sdn Bhd (CGPV) in a press statement today.
