Supermax aborts RM73m land buy from S P Setia
This follows its failure to obtain approval from the Economic Planning Unit (EPU) to waive a 30% Bumiputera equity ownership condition prior to transferring ownership of the land.
MEX 1 Capital completes restructuring exercise via RM1.13b Islamic MTN
The sukuk is based on the shariah principle of Musharakah-rated A2 by RAM Ratings, said the Maju Holdings Sdn Bhd-owned highway concessionaire.
Cahya Mata unit raises cement prices amid rising production cost
The price revision effective Thursday (Feb 17) is due to significant and sustained rising cost of raw and packaging materials and freight charges, CMS said in a statement.
Financing alone not enough to address B40, M40 homeownership, says Nor Shamsiah
Speaking during the fourth quarter of 2021 gross domestic product (4Q21 GDP) statistics press conference on Friday (Feb 11), the governor said the central bank had always maintained that the financing model is a key component to support homeownership, with recommendations ready to address the matter.
Iskandar Capital announces mega project of 3,000 acres in Iskandar Puteri
At the document exchange ceremony on Thursday (Feb 10), the deputy state secretary of Johor (development) Datuk Mohammed Ridha highlighted the importance of close collaboration between the Johor government and private sector in realising the agenda of Johor state: “I am very pleased with Iskandar Investment Bhd (IIB)’s effort to understand the aspiration of (the) Johor government and embarking in an inclusive and sustainable project such as the MIH in Wawari, Iskandar Puteri.
i-City invests RM10m for Metaverse theme park enhancement
The theme park enhancement project will be carried out in collaboration with China Mobile International (CMIM) to combine i-City’s City of Digital Lights with an immersive 3D Metaverse experience.
S P Setia ventures into healthcare industry
In a media statement, S P Setia president and CEO Datuk Choong Kai Wai said he is confident with the success of the new venture, given the ageing population in Malaysia and the need for such services to be conveniently accessible in established townships housing multi-generational families like Setia Alam.
Melaka Gateway dispute: Apex court hearing adjourned as parties pursue out-of-court settlement
A three-member Federal Court bench had on Wednesday granted KAJ an adjournment till May 19, 2022 to hear the company's application for permission to appeal against the Court of Appeal's decision in 2021 to reject its application for permission to initiate a judicial review to challenge the Melaka state government’s move to terminate its agreement with KAJ involving land reclamation with the Straits of Malacca for the Melaka Gateway project.
Colony inks co-working space deal to house Carsome’s expanded HQ
The office space to house Carsome’s expanded headquarters will be built and managed by Colony, said the coworking space provider, adding that Carsome has been one of its anchor tenants in Colony@Mutiara Damansara since 2019.
Trust-owned Menara TM is up for sale
According to an advertisement in StarBiz on Wednesday (Feb 9), the sale of the building is being conducted via expression of interest.
