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Seremban's city status deferred to end 2019
SEREMBAN (September 5): A plan to officially declare Seremban a city next January has been deferred, due to delays in refurbishment works at the proposed Seremban City Council headquarters.
Pesona Metro active, up 5.88% on bagging job to build apartments
KUALA LUMPUR (Sept 5): Pesona Metro Holdings Bhd rose 5.
Chinese nationals can buy Forest City units, but no residential visas, says Mahathir
KUALA LUMPUR (September 5): Tun Dr Mahathir Mohamad has confirmed that Chinese nationals may purchase residential units at Forest City, but visas will not be issued to them.
UOA REIT mulls formation of sub-MCs at its properties to avoid disputes
PETALING JAYA (Sept 4): UOA Real Estate Investment Trust (UOA REIT) is considering forming sub-management committees (sub-MCs) for properties held under UOA REIT as this will allow the different components in mixed developments to operate independently and avoid potential disputes.
PNB arrangement seen unlocking Media Prima’s property value
Media Prima Bhd (Sept 3, 45 sen) Maintain neutral with a higher target price of 49 sen: Media Prima Bhd’s second quarter of the financial year ended June 30, 2018 (2QFY18) revenue grew 4.
Menara UOA Bangsar former management committee resumes duty as temporary caretaker
PETALING JAYA (Sept 3): The former management committee of Menara UOA Bangsar was instructed by Dewan Bandaraya Kuala Lumpur's Commissioner of Buildings (COB) to resume their duty as interim caretakers of the building for two months, according to Henry Butcher Malaysia (Mont Kiara) Sdn Bhd executive director Low Hon Keong.
DRB-Hicom’s Mohamed Hazlan to helm Prasarana
KUALA LUMPUR (September 3): DRB-Hicom Bhd’s Datuk Mohamed Hazlan Mohamed Hussain will take over the helm of the financially stressed Prasarana Malaysia Bhd after its former chief executive officer (CEO) Masnizam Hisham’s tenure has been cut short by the ministry of finance (MoF), according to sources.
DNC Asiatic’s assembly plants put up for sale, says report
KUALA LUMPUR (Sept 1): Two motorcycle assembly plants belonging to DNC Asiatic Holdings Sdn Bhd have been put up for sale, according to a report by The Edge business publication.
Outgoing Prasarana CEO thanks MoF for issuance of bonds to pay staff salaries
PETALING JAYA (August 31): Prasarana Malaysia Bhd chief executive officer Masnizam Hisham has expressed appreciation to the Finance Ministry for the issuance of bonds to pay the salaries of its 17,000 employees “I am grateful and would like to thank the Finance Ministry for approving the issuance of sukuk/bonds that will allow the salaries of Prasarana staff for September and the coming months.
