KUALA LUMPUR: Plantation firm Kuala Lumpur Kepong Bhd (KLK) will leverage on UEM Sunrise Bhd’s experience to make its maiden foray into property development in Iskandar Malaysia, Johor, a move that it hopes will boost contribution from its property segment to 15% of the group’s net profit in five years.

KUALA LUMPUR: Tan Sri Lee Kim Yew has wasted no time kicking off Country Heights Holdings Bhd’s (CHHB) expansion abroad after being made the group’s adviser. Already, the company has outlined plans to expand into China and Australia.

DESPITE the incursion in the eastern coast of Sabah earlier last year by an armed Filipino group, the state continues to experience an impressive double-digit increase in tourist arrivals.

In fact, Kota Kinabalu International Airport is the second busiest airport in Malaysia after Kuala Lumpur International Airport.

BANK NEGARA Malaysia’s policies to curb property speculation have been successful but they have also made it more difficult for genuine homebuyers to buy houses, says Raine & Horne International Zaki + Partners director Michael Geh.

KUALA LUMPUR: Consortium Zenith BUCG Sdn Bhd has been granted some nine acres of land (3.64ha) on Seri Tanjung Pinang 1 (STP1), worth RM305 million, by the Penang government to finance the cost of the initial feasibility studies and detailed design (FSDD) works in the RM6.3 billion Penang undersea tunnel project.

BAHAMAS: Bjarke Ingels Group (BIG) is designing a 175,000 sq ft condominium called The Honeycomb in the Bahamas.

HO CHI MINH CITY: Hoa Lam Shangri-La International Healthcare LLC (HLSL), in which Ireka Corp Bhd has a 68% stake through its London-based associate Aseana Properties Ltd, launched the City International Hospital (CIH) in Ho Chi Minh City, Vietnam, last month.The 320-bed CIH is the first private general hospital of international standard in Vietnam.

IPOH: ibis Styles Ipoh opened its doors in January, making it the first international hotel in town and its third in Malaysia, after ibis Styles Fraser Business Park and ibis Styles Cheras in Kuala Lumpur.“At ibis Styles Ipoh, we hope to cater for both business and leisure travellers,” said general manager Charanita Gill.