News by Wong Ee Lin

The purchase, via Oriental Interest’s 70%-owned subsidiary Myra Land Sdn Bhd, is part of the group’s “future expansion with regards to its strength and niche in the property development market in the central region of Peninsular Malaysia” Oriental Interest said.

... mainly to fund its construction project expenditure.

The seven-second and 13-second videos show fire engulfing the landscaping that had plastic flowers near the escalators.

"...the toll rates for the LDP would increase from the current RM2.10 to RM3.10, under the current concession agreement."

Namely its Dutamas project or ALIX Residences in North Kiara and TA 3 & 4 in KLCC.

For that to happen, MBSB still has to convert its conventional assets worth about RM1 billion to Islamic assets, which make up about 10% to 12% of its asset portfolio.

He said Kerjaya Prospek is aiming to launch two high-rise projects in the second half of next year, in Shah Alam and Dutamas, with an estimated gross development value of RM250 million and RM400 million respectively.

The property developer attributed the improved earnings to better performance across all three segments, namely property development, property investment, and leisure and hospitality segments.

Over the longer term, Yong Tai being the master developer of Impression City development will benefit from the value created by Encore Melaka theatre’s collaboration with HRC World.

“Rural water supply projects usually do not generate huge income, hence [in] the meeting today (yesterday) [we] agreed to write off outstanding debts [related to rural water supply projects] due from state governments from 2001 onwards, amounting to RM3.8 billion,” said the PM.