PETALING JAYA (April 22): Sime Darby Property Bhd (SimeProp) is seeking to establish a long-term incentive plan (LTIP) for its executive director and key senior management staff, with the total shares made available under the plan capped at 5% of its total issued shares at any one time during the plan's 10-year duration.
GEORGE TOWN (April 10): Penang on Tuesday launched its Publicity and Public Participation Programme for the Final Report of the Draft of the Penang Silicon Island Local Plan (RTPSI) 2050, which was specifically designed for a greenfield area or fully reclaimed development.
PETALING JAYA (April 3): In less than a decade, E Trend Realty Sdn Bhd has grown from a modest startup into a fast-growing nationwide real estate platform, driven by a strong emphasis on people, systems and vision.
GEORGE TOWN (April 2): The Penang state executive council has agreed to a revised mechanism for determining the annual quit rent rates aimed at reducing the financial burden on landowners.
KUALA LUMPUR (Jan 12): JAKS Resources Bhd (KL:JAKS) has agreed to sell its 100% stake in JAKS Solar Nibong Tebal (JSNT) to Sunview Group Bhd (KL:SUNVIEW) unit, Sunview Asset Management Sdn Bhd, for RM15 million in cash plus up to RM40 million owed by JSNT.
The earnings uplift stems from the sale of industrial land in Kulai by KLK’s wholly-owned subsidiary Aura Muhibbah Sdn Bhd (AMSB) to a joint venture with Mah Sing Group Bhd (KL:MAHSING), which Kenanga Research estimates will result in a one-off disposal gain of about RM77 million.
The decision was delivered in the case of Spatial Design Architects Sdn Bhd v Majlis Perbandaran Klang & Ors [2024] MLJU 3982, where the court found that any condition reserving submission rights exclusively for Registered Town Planners contravenes the Town and Country Planning Act 1976.
This marks the first time a developer-led township has received Platinum recognition in a programme traditionally reserved for local councils and government agencies.
The proposed waiver amounts to shaving off RM30.
Nurul said many local issues stem from top-down planning methods that overlook on-the-ground realities.
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