PTT Synergy Group Bhd has proposed to acquire a piece of industrial land in Bandar Bukit Raja, Klang from Sime Darby Property Bhd for RM12.25 million.

Telekom Malaysia Bhd (TM) has clarified that the telecommunications giant's decision to exit the Kuala Lumpur Tower (KL Tower) concession is part of its business transformation programme to focus its efforts and resources on strengthening its core business of telecommunications and technology.

On Dec 20, the Dewan Rakyat unanimously approved the 2023 Mini Budget and the Consolidated Fund (Accountable Expenditure) Bill 2022.

MARC Ratings has affirmed its rating of AA+ with a stable outlook for Sime Darby Property Bhd’s (SD Property) RM4.5 billion Islamic medium-term notes (IMTN) programme (Sukuk Musharakah). The outstanding under the rated programme stood at RM800 million as of Nov 30, 2022.

“We strongly support the calls made by other professional bodies to maintain the foreign worker management system under the Ministry of Human Resources as it will not only minimise bureaucratic red tape but also streamline the process within one ministry.”

Economists, in general, are keeping their view that Bank Negara Malaysia (BNM) will raise the overnight policy rate (OPR) by another 50 basis points (bps) to 3.25% in 2023, amid expectation that inflationary pressure will ease.

Noteworthy:

• Leasehold
• Built-up size: 2,980 sq ft
• Land size: 4,420 sq ft
• 5 bedrooms, 5 bathrooms
• Unfurnished
• Nearby amenities : schools, universities, Plaza Shah Alam, SACC Mall, LRT UiTM, hypermarkets
• Accessibility: Federal Highway, New Klang Valley Expressway (NKVE), Elite Highway, Shah Alam Expressway

When: November 2022

Toyo Ventures Holdings Bhd's units have entered into an interim agreement with a consortium led by Sunway Construction Group Bhd (SunCon) to negotiate details for the consortium to undertake a US$2.2 billion (RM9.73 billion) job for the development of a 2,120 MW coal-fired power plant in Vietnam.

Tiong Nam Logistics Holdings has entered into a joint venture (JV) agreement with Johor Corp to develop a high-tech logistics industrial park on a 300-acre land at Sedenak Technology Valley, Johor.

A unit of Berjaya Corp Bhd (BCorp) is acquiring six parcels of freehold land collectively measuring about 20,977.15 square metres in Yokohama, Japan, for ¥12.66 trillion (RM408.82 million) cash.