Only World Group on acquisition trail
It expects to seal investment deal ‘in next couple of months’.
No official requirement stipulating bumi-partnered law firms for civil servants' housing loan applications
Deputy Finance Minister Datuk Chua Tee explained that he was assured by officers from thePublic Sector Home Financing Board (LPPSA) during a briefing that such a requirement does not exist in government policy.
RM36.06b contracts from mega projects earmarked for bumi firms
The 12 projects include the mass rapid transit (MRT) Line 1 and MRT Line 2, KL118 Tower, the West Coast Expressway (Taiping to Banting), Bukit Bintang City Centre, Asia Aerospace City, and the Sungai Besi-Ulu Kelang Elevated Expressway.
BCorp to raise stake in BLand
Berjaya Corp Bhd (BCorp) intends to raise its stake in its 63.05%-owned subsidiary Berjaya Land Bhd to 75.05% for RM419.11 million or 70 sen per BLand share.
Glomac 2Q net profit up 33.1% driven by key property projects
Glomac said the company’s higher revenues for both the latest quarter and half-yearly period were driven by progress billings in its key ongoing projects such as Lakeside Residences, Saujana Rawang, Glomac Centro and Reflection Residences.
EPF mulls disposing of UK property
According to a PropertyWeek.com report dated June 12, the EPF is said to be offering £155 million (RM1.02 billion) for the luxury business park, which currently houses the European headquarters of US telecommunications company Verizon UK Ltd.
IOI Properties looking to increase its land bank
IOI Properties Group Bhd plans to take advantage of the current poor market sentiment to increase its land bank.
KL-Singapore high-speed rail draws response from 150 firms to info request
In a joint statement today, the Land Public Transport Commission (SPAD) and Singapore’s Land Transport Authority (LTA) said these companies and consortia come from across the HSR value chain and include entities based in Malaysia, Singapore, Asia-Pacific, Europe, the Middle East and North America.
Genting Malaysia to dispose land to Genting Plantations for RM65.76 mil
In a filing with Bursa Malaysia, Genting said Genting Highlands Tours had entered into a conditional sale and purchase (SPA) agreement with Esprit Icon Sdn Bhd, a wholly-owned subsidiary of Genting Plantations, for the disposal of the land.
Request for information launched on Kuala Lumpur–Singapore High-Speed Rail project
In a joint statement, Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar and Singapore’s Coordinating Minister for Infrastructure and Transport Khaw Boon Wan said it is imperative that the governments are “properly informed” of industry views.
