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“[From this average figure], clients will normally spend about 50% to 70% on furnishing.

The group said its wholly-owned subsidiary LLB Bina Sdn Bhd has signed a deed of mutual termination with the land owner, Premier Land Resources Sdn Bhd, to terminate the agreement in relation to the acquisition entered in January last year.

Magna Prima said the disposal consideration of RM65 million was arrived at after taking into account the negative net current liabilities of RM68.

While the termination of the controversial Petaling Jaya Dispersal (PJD) Link was welcomed by many Petaling Jaya residents and non-governmental organisations who have been calling for the project to be scrapped due to environmental and social concerns, Parti Pribumi Bersatu Malaysia (Bersatu), one of the main component parties of Perikatan Nasional (PN), has questioned the right of the caretaker Selangor government led by Menteri Besar Datuk Seri Amirudin Shari in making such an impactful decision ahead of the polls.

In a note on Thursday (Aug 3), analyst Edwin Woo said rough calculations show that net gearing levels could rise to 0.

"Why was this announcement made during the election period, and not at any point earlier?" KUALA LUMPUR (Aug 2): Parti Pribumi Bersatu Malaysia has questioned the right of Datuk Seri Amirudin Shari (pictured) to reject the application for the proposed Petaling Jaya Dispersal Link (PJD Link) project, since he is currently only the caretaker Selangor menteri besar.

The four, who are part of the "Say No to PJD Link" movement led by lawyer T Chakaravarthi, in a statement on Wednesday (Aug 2) said while they welcome the caretaker Selangor Menteri Besar Datuk Seri Amirudin Shari's announcement of the cancellation of the project, they noted that there are subsequent news quoting Amirudin as saying that the project may be revived if some conditions are met.

Tan, 46, started his career with KPMG Malaysia in 1999 after his graduation from University of Technology, Sydney, Australia.

Minister of Natural Resources, Environment and Climate Change Nik Nazmi Nik Ahmad: The repercussions of climate change are being seen worldwide, including recent heatwaves that have affected many Asian countries, increasing sea levels, and more regular flooding in our backyards.

Avillion’s revenue jumped 108% to RM66.