News by theedgemalaysia.com

IOI Corp Bhd has appointed former Khazanah Nasional Bhd senior adviser and director Lim Tuang Ooi as its new independent and non-executive director.

The government is seeking to strike out a lawsuit revolving around the cancellation of the RM110 billion High-Speed Rail (HSR) project between Malaysia and Singapore, on the grounds that public policy decisions are a non-justiciable matter in any court and plaintiff Mohd Hatta Sanuri has no legal right to initiate the suit.

RHB Investment Bank research has maintained its “overweight” rating on the property sector and said it remains upbeat on the sector, given positive news flow that could lift market sentiment, including the revival of major infrastructure projects, a potential review of the Malaysia My Second Home (MM2H) programme, other potential catalytic developments, as well as a stable interest rate outlook.

Kerjaya Prospek Property Bhd has appointed Joanne Lee as its new chief executive officer, effective Thursday (July 13).

Kuala Lumpur Kepong Bhd's (KLK) property arm is expected to contribute higher earnings to the group in three years, due to future launches and sales at its Bandar Seri Coalfields (BSC) retail mall, while the revival of the Kuala Lumpur-Singapore High Speed Rail (HSR) may be a boon to its Johor developments, said Maybank Investment Bank.

Solarvest Holdings Bhd’s unit has signed an agreement to collaborate with Perbadanan Kemajuan Negeri Selangor to install residential solar solutions in the homes of the state development arm's employees.

Stella Holdings Bhd said its unit has won a RM91.36 million sub-contract for a  medium-cost apartment project undertaken by the Penang State Islamic Religious Council in the Seberang Perai Tengah district.

The Construction Industry Development Board Malaysia (CIDB) has launched the National BIM e-Submission Initiative (NBES) to accelerate the Building Information Modelling (BIM) technology adoption in Malaysia, and improve the review and approval process of building plans by local authorities.

Given the hefty debt on the government's shoulders, the revived Kuala Lumpur-Singapore High-Speed Rail (KL-SG HSR) project is expected to be fully funded and driven by the private sector, according to MyHSR Corp Sdn Bhd.

MyHSR Corp said it is embarking on a full-fledged request for information (RFI) that will be opened to all these three parties to submit their concept proposals.