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The estimated reclamation cost for the approved reclamation area is RM72.

Advancecon had in an earlier filing on May 29 notified that Yeo was not re-elected at the group’s 26th annual general meeting, though he continued to remain as the COO.

On prospects, the REIT expects the hospitality industry to stay relatively buoyant amidst risks of higher inflation, interest rate hikes, and other economic challenges.

Tall trees, verdant leaves and chirping birds – many city folk are willing to forgo a couple more hours in beds on weekends or a few days away from their comfortable homes and sleep in tents just to enjoy such nature-rich getaways.

Its share price rose to an intraday high of 61.

“We will see first whether the decision is carried through.

Menteri Besar Datuk Seri Amirudin Shari said the decision was made as the administration is “not satisfied with the plans proposed”, especially in relation to its social impact on Petaling Jaya residents.

Ibraco said its subsidiary, Ibraco Construction Sdn Bhd, has accepted the letter of acceptance from the Jabatan Kerja Raya Sarawak to complete the new Batang Samarahan bridge And 9km new four-lane dual carriageway road JKR R5 Standard from Batang Samarahan To Batang Sadong.

“This TOD will bring about great change to Johor Bahru's property market, not only in terms of the train station but also residential houses, retail offices and hotels.