Bok Yu is the son of SHH Resources founder and managing director Datuk Teo Wee Cheng, who along with his wife Datin Teo Chan Huat, are major shareholders in the group with a combined stake of 17.28%.

It expects to draw more than a million shoppers living within a 30 to 45 minute drive from the retail mall. 

Excluding Malaysia, tourist arrivals to Indonesia, the Philippines, Singapore, Thailand and Vietnam have recovered to an average of about 60% of 2019 levels

Arlina, who served the central bank from September 2000 to July 2022, has 25 years of experience in the banking, finance and economics industries.

Rashdan has given up all directorships effective immediately while his last day at Gamuda will be June 30.

The JV partner is Fivestar Development (Puchong) Sdn Bhd, who issued the notice in relation to a residential development in Petaling, Selangor, that the entities were jointly developing.

Pavilion Real Estate Investment Trust (REIT)’s net property income rose 11.5% to RM104.8 million in the first quarter ended March 31, 2023 (1QFY2023) from RM93.99 million in the same quarter a year earlier, as it reported stronger revenue thanks to higher rental income due to increased occupancy, rent revenue, and advertising and marketing income at its retail malls.

Aeon Co (M) Bhd is acquiring a piece of land measuring 8.691 hectares in Kota Bharu, Kelantan for RM165 million.

Office-focused Tower Real Estate Investment Trust (REIT) reported an 87% year-on-year drop in net trust income or net profit in its third quarter ended March 31, 2023 (3QFY2023), as earnings were weighed down further by higher electricity tariff, minimum wage hike, as well as interest, housekeeping and security expenses.

Property developer OCR Group Bhd has maintained that there is no operational impact on the group arising from the lawsuit filed by a former contractor over alleged payment default of RM30.93 million in relation to projects in Kuantan and Petaling Jaya.