News by M

CMMT’s management is focusing its efforts to arrest rental reversion decline for Sungei Wang Plaza and has put in place strategies to help reposition and rebrand the mall.

The good intentions behind the measures to increase the supply of affordable housing announced in the recently tabled Budget 2017 may be good but they would need effective implementation, said the Selangor branch chairman of the Real Estate and Housing Developers' Association Malaysia (Rehda), Zulkifly Garib.

THE RM1.25 billion Eastern Dispersal Link (EDL) in Johor has not been a rewarding investment for Malaysian Resources Corp Bhd (MRCB) so far. Between the lower-than-expected traffic volume and heavy debt, it has been a deadweight for the group’s balance sheet and a drag on earnings.

Revenue was slightly higher at RM41.98 million, compared with RM41.86 million a year earlier...

“Efforts to bring housing prices down should be done collectively with all stakeholders involved including the government, local authorities, financial institutions, contractors as well as the public,” said Real Estate and Housing Developers' Association Malaysia deputy president Datuk Soam Heng Choon.   

"We are working tirelessly to secure more new contracts before the end of the year," its chairman and managing director Tan Sri A K Nathan said.

I-Bhd said revenue rose to RM113.58 million from RM55.22 million

The 600km rail line will be implemented in phases and connect townships such as Port Klang, the Integrated Transport Terminal Gombak, Bentong, Mentakab, Kuantan, Kemaman, Kerteh, Kuala Terengganu, Kota Baru and Tumpat.