News by M

Hextar World at Empire City in Petaling Jaya began operations on Nov 29 with the unveiling of High Street, an enclosed lifestyle promenade, accompanied by cultural performances and public activities.

The Federal Land Development Authority (Felda) and its wholly owned unit, FGV Holdings Bhd, said they take a serious view of the warning notices issued by the Terengganu government over alleged unlawful occupation of plantation land in the state.

Johor Land Group Sdn Bhd (JLG), the property arm of Johor Corporation, launched a 7,290 acres technology park in Sedenak, Kulai, some 50km to the north of the city centre of Johor Baru and 70km from Singapore.

Selangor remains committed to resolving long-standing issues in stratified housing through three key focus areas involving strata ownership, infrastructure upgrades and the strengthening of community social development.

SD Guthrie Bhd (KL:SDG), the world’s largest palm oil producer by acreage, is increasing its stake in a planned integrated industrial park in Johor, becoming an equal partner with Eco World Development Group Bhd (KL:ECOWLD) after EcoWorld reduces its share.

A total of 1,333 delayed, sick and abandoned private housing projects, involving 159,638 residential units with a gross development value of RM126.47 billion, have been revived by the Ministry of Housing and Local Government as of Oct 31.

The Trans-Borneo Railway project is progressing steadily as its feasibility study continues under the coordination of the Ministry of Transport (MOT) Malaysia, with the Sarawak Ministry of Transport actively contributing to the process.

Sunway Bhd (KL:SUNWAY) said its unit Sunway Cochrane Sdn Bhd has proposed to establish a sukuk wakalah programme of up to RM2 billion to support its working capital and expansion plans.

Intel Corporation has announced an additional investment worth RM860 million to make Malaysia its assembly and test operations hub, said Prime Minister Datuk Seri Anwar Ibrahim.

Property developer Asian Pac Holdings Bhd (KL:ASIANPAC) said its chief executive officer Chai Yee Choong has resigned effective Monday (Dec 1) “to pursue other opportunities".