“ERL is allowed to impose market-driven fares which will benefit the public, the government and ERL."

Developed on a 4.52-acre site by Distinctive World Sdn Bhd, the project marks the maiden development by the joint venture between Distinctive Capital Sdn Bhd and Eccaz Sdn Bhd. 

Chung said the tax consultant industry had not been properly consulted nor forewarned about the change that came into effect on Monday.

The service tax would be imposed on M&R services starting from Monday (Feb 26).

The interest cost was recorded at RM38.8 million compared with RM34.7 million previously. 

Quarterly revenue, however, was only marginally down by 0.28% at RM1.687 billion, compared with RM1.692 billion in 2QFY2023.

Revenue for the quarter ended Dec 31, 2023 rose 7.86% year-on-year to RM332.65 million from RM308.4 million. 

The land, measuring approximately 13,263.38 sq m, was purchased by MCE in 2014 from Bandar Setia Alam Sdn Bhd.

TH Properties Sdn Bhd and Malaysian Resources Corp Bhd (MRCB), through a 70:30 joint-venture company named 59 Inc Sdn Bhd, officially launched serviced apartment Padang Residences on Monday, according to a press statement.

UDA Holdings Bhd has committed itself to fund any renovation and beautification works to “Lorong UDA” here, which was officiated by the Duli Yang Teramat Mulia Tuanku Syed Faizuddin Putra Ibni Tuanku Syed Sirajuddin Jamalullail, Raja Muda of Perlis last Saturday (Feb 24).