News about l

KUALA LUMPUR (Dec 2): Construction work on the Penang light railway transit (LRT) project, which is part of the first phase of the island’s Transport Master Plan (TMP), will start in 2018.

IMPIANA Sdn Bhd, the operator of Impiana Hotels & Resorts, will triple the number of rooms under its management to 3,151 by 2018 as it expands its portfolio in Malaysia, Indonesia, Thailand and the Maldives.

STEEL maker Tan Sri William Cheng seems to be on an asset divestment trail.

PETALING JAYA (Dec 1): Sunway Property Bhd will be launching its newest integrated development, Sunway Gandaria, in Bandar Baru Bangi in the first quarter of 2016.

KUALA LUMPUR (Dec 1): UEM Sunrise Bhd and WCT Holdings Bhd plan to undertake a RM3 billion mixed-property project in Serendah, Selangor, under a proposed equally-owned joint venture (JV).

JOHOR BAHRU (Dec 1): The state’s RM3 million budget to help Johoreans buy their own homes is underfunded, Opposition assemblyman Ee Chin Li (DAP-Tangkak) has said in response to Housing and Local Government chairman Abd Latiff Bandi’s winding up speech on the Supply Enactment 2016 at the State Assembly session on Sunday.

SEREMBAN (Dec 1): The state is not ready to declare Seremban a city even though the status had been granted by the federal authorities in 2012.

KUALA LUMPUR (Dec 1): OSK Holdings Bhd saw its net profit jump almost sevenfold to RM381 million in the third quarter ended Sept 30, 2015 (3QFY15), from RM55.

KUALA LUMPUR (Dec 1): Iskandar Waterfront City Bhd (IWCity), which saw a five-fold improvement in net profit for the third quarter ended Sept 30, 2015 (3QFY15), said it had received a notice from Pentadbir Tanah Johor Bahru for the compulsory acquisition of two parcels of land by the state government for RM170.

HAVING been a burglary victim himself, S P Setia Bhd executive vice-president Datuk Koe Peng Kang knows the importance of safety for a family.