News about state

KUALA LUMPUR (August 31): IGB Bhd is undertaking an internal group reorganisation which will see its 49.

KUALA LUMPUR (Aug 29): Sime Darby Property Bhd (SDP) is targeting its recurring income segment to contribute up to 10% from its profit before interest and tax (PBIT) by 2022 or 2023 as part of the group’s strategic pillars to grow the recurring income, according to group chief financial officer Datuk Tong Poh Keow.

PETALING JAYA (August 20): A new ruling by the Selangor government requires councillors to declare any involvement or interest they or their family members may have in projects, prior to approval from select committees at a local authority level.

CYBERJAYA (Aug 16): The Real Estate and Housing Developers' Association Malaysia (Rehda) (pictured) hopes that the proposed single entity to oversee affordable housing will be different from the rest as there is more urgency now to ensure the issues faced are addressed promptly.

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KUALA LUMPUR (Aug 14): Malton Bhd said Pavilion Real Estate Investment Trust (REIT) has agreed to participate in the ownership of its ongoing shopping mall development called Pavilion Bukit Jalil located in Bukit Jalil City here.

Axis Real Estate Investment Trust (Aug 9, RM1.

KUALA LUMPUR (Aug 10): Even as it endeavours to maintain a 100% payout of its distributable net income in the next fiscal year, Sunway Real Estate Investment Trust has cautioned of the “fundamentally challenging oversupply situation” brought about by tremendous new supply of retail, hotel, and commercial space in the market, exacerbated by lacklustre foreign direct investments and tourism activities.

PETALING JAYA (Aug 9): 1Malaysia Development Bhd (1MDB) is still the registered owner of 234 acres of land in Air Itam, Penang, even after it was sold to another company as the transfer of ownership is incomplete, reported the Malay Mail.

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