News about ng

PETALING JAYA (Oct 27): Matrix Concepts Holdings Bhd will be launching Allysum, which is phase 2 of its Resort Homes collection in Bandar Sri Sendayan, Negeri Sembilan, by year end.

KUALA LUMPUR (Oct 27): While Malaysia imposes a lower rate of withholding tax on dividends paid to retail investors of real estate investment trusts (REITs) compared with many other countries, the Malaysian REIT Managers Association (MRMA) is of the view that a total tax exemption should be given to attract more investments.

CapitaLand Malaysia Mall Trust (Oct 26, RM1.

HONG KONG (Oct 27): Nano flats, or apartments each smaller than 200 sq ft, will be the new norm in Hong Kong as 2,100 of such complexes are on drawing boards through 2020.

Gadang Holdings Bhd (Oct 26, RM1.

Sold for: RM5.

KUALA LUMPUR (Oct 26): Mah Sing Group Bhd will host a preview and unit selection for three of its developments — M Centura, M Vista and Meridin East — at their respective show galleries this Saturday and Sunday.

KUALA LUMPUR (Oct 26): There should not be any speculation concerning the purchase of the four-star hotel in Kensington, London, by Felda Investment Corporation (FIC) as the case is still under probe, said Malaysian Anti-Corruption Commission (MACC) deputy chief commissioner (Operation) Azam Baki, Bernama reported today.

PETALING JAYA (Oct 26): The construction industry system and processes should be reviewed on the basis of responsibility and accountability of various parties, instead of the expediting of approvals, said the Malaysian Institute of Planners (MIP).

KUALA LUMPUR (Oct 26): PRG Holdings Bhd (pictured) today signed a collaborative agreement with Jiangsu Provincial Construction (M) Sdn Bhd (JPC) to venture into highway, bridge, port, housing development, as well as project investment and financing projects in Malaysia and abroad.