News about ng

GEORGE TOWN (April 6): The Federal Government is willing to provide input on the RM27 billion Penang Transport Master Plan (PTMP), according to Works Minister Datuk Seri Fadillah Yusof (pictured).

KUALA LUMPUR (April 6): IGB Real Estate Investment Trust (IGB REIT) closed in negative territory yesterday on a knee-jerk reaction from investors to news that one of its properties here was involved explosions.

SHAH ALAM (April 6): Fresh from completing two major asset purchases recently for RM646.

KUALA LUMPUR (April 6): Pelaburan Hartanah Bhd (PHB) continues to be on the lookout for suitable properties for possible injection into Amanah Hartanah Bumiputera (AHB) and to further increase its fund size, said its group managing director and chief executive officer Datuk Kamalul Arifin Othman.

PETALING JAYA (April 5): Malaysian Resources Corp Bhd’s (MRCB) unit MRCB Builders Sdn Bhd will build a cold storage processing and distribution hub in Kajang for national retailing chain Giant.

KUALA LUMPUR (April 5): Prime Minister Datuk Seri Najib Tun Razak (pictured) said the Government would build another 5,000 affordable houses in Miri and Kuching, Sarawak, to ensure more people could own comfortable and safe residential units.

KUALA LUMPUR (April 5): Unperturbed by low profit margins in the affordable segment, Aset Kayamas Sdn Bhd, a privately held property developer, is going full steam ahead with its launches this year as it banks on volume growth to improve its earnings.

KUALA LUMPUR (April 5): IJM Corp Bhd announced a groundbreaking partnership with Facebook last Friday, to bring the business version of Facebook to its 4,600-odd employees across the group.

AN undersupply of affordable housing, particularly in major urban areas, coupled with an oversupply of office and retail spaces, may lead to deeper imbalances in the property market, says Bank Negara Malaysia in its 2015 annual report, which was released recently.

KUALA LUMPUR (April 4): AmInvestment Bank said it does not preclude the possibility of seeing Peninsular-based contractors being invited to set up joint ventures (JVs) to bid for jobs, after The Edge Weekly reported that UEM Group Bhd, MMC Corp Bhd and Warisan Tarang Construction Sdn Bhd are teaming up for the Sabah portion of the Pan Borneo Highway.