News by M

The Kuala Selangor District Council (MDKS) will be renting out shoplots from the Bandar Melawati bus and taxi stand, and one shoplot from the Sungai Buloh Bazaar.

Inari said its wholly-owned subsidiary Inari Technology Sdn Bhd on Monday signed an agreement with Unetsys Sdn Bhd for the proposed acquisition.

A whistleblower group and a former student activist lodged a police report today over Majlis Amanah Rakyat's (Mara) purchase of properties in Australia.

“We cannot just sit, wait and do nothing for 10 years. We need to take medium-term measures like widening our roads.”

The highest absolute price growth can be found at SkyVilla Condominium, where the average price rose 18.6% y-o-y to RM333 psf. 

A businessman looking into procuring land in Teluk Gong for a factory has claimed he was required to pay an inducement in exchange for a speedy land conversion process.

Pasir Pinji assemblyman Howard Lee said there had been numerous complaints about the rubbish strewn across the road between Masjid Zainal Abidin and the Kuan Woh Yuen settlement area.

The two groups yesterday entered into a partnership via their respective subsidiaries — UEM Land Bhd and Leisure Farm Corp Sdn Bhd. Under the deal, they will form a joint venture (JV) company where they are equal partners.

Mah Sing indicated that it had repurchased the balance RM315 million nominal value of its redeemable CBs for RM337 million. The CBs had an original nominal value of RM325 million when they were issued in June 2011.

The Wall Street Journal quoted sources as saying that Sime Darby, the world's largest palm oil producer, had also put on hold earlier plans to raise funds in a bid to reduce its debt, which stands at RM19.7 billion at the end of September according to stock exchange filings.