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KUALA LUMPUR (April 14): PNB Development Sdn Bhd, a subsidiary of Permodalan National Bhd (PNB) group can be a source for S P Setia Bhd and I&P Group Sdn Bhd to expand their landbank for future projects, said PNB group chairman Tan Sri Abdul Wahid Omar.

KUALA LUMPUR (April 14): S P Setia Bhd, Permodalan Nasional Bhd (PNB) and Amanahraya Trustees Bhd (as trustee for Amanah Saham Bumiputera) have entered into a non-binding Memorandum of Intent to commence negotiations on the proposed acquisition of I&P Group Sdn Bhd by S P Setia.

SINGAPORE (April 14): Ascott Residence Trust (ART), through its wholly-owned subsidiary Zenith Residences Tokyo Tokutei Mokuteki Kaisha (Zenith TMK), has agreed to divest its trust beneficiary interests (TBI) of 18 rental housing properties under Zenith TMK’s portfolio in Tokyo, Japan, for 12 billion yen (approximately S$153.

KUALA LUMPUR (April 13): UMLand has soft-launched a 312-single-bed youth-centric hotel called Bedtel in Bandar Seri Alam in Johor Bahru last month.

KUALA LUMPUR (April 13): Kuala Lumpur and Johor Bahru both remained outside the global top 100 list of most liveable locations for Asian expats in the 2017 Location Ratings Survey conducted by international knowledge, information and software provider ECA International.

AEON Co (M) Bhd (April 12, RM2.

KUALA LUMPUR (April 12): MIDF Research has projected the construction industry to grow by 6.

SINGAPORE (April 12): Oxley Holdings is acquiring properties in the Mediterranean island resort of Cyprus for S$42 million (RM132.

SELAYANG (April 11): Hua Yang Bhd plans to expand its presence on Penang mainland by launching another three projects with an estimated combined gross development value (GDV) of RM800 million in the next three years, according to its assistant general manager Tony Ng.

KUALA LUMPUR (April 7): Boustead Holdings Bhd is banking on better economy, higher government spending and higher foreign direct investment (FDI) for better earnings this year.