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BLand withdraws from RM3.05b mixed-development project in Myanmar

In a bourse filing, BLand said its 80%-owned subsidiary, BDS Smart City Co Ltd, has served a written notice on the Yangon Region Government (YRG) to terminate the concession agreement due to non-fulfilment of conditions. The agreement was signed on Feb 7, 2020.

DONE DEAL: Two-storey terrace at Damansara Heights, Kuala Lumpur

Noteworthy:

  • Freehold

  • Built-up: 2,370 sq ft

  • Land size: 3,412 sq ft

  • Four bedrooms, four bathrooms

  • Unfurnished

  • Accesibility: MRT Pusat Bandar Damansara, Damansara City Mall, easy accessibility via Jalan Semantan, Jalan Damansara, Jalan Tuanku Abdul Halim, SPRINT Highway and Penchala Link

When: January 2022

Rehda: Residential Tenancy Act should be reviewed and reconsidered carefully

In a statement, Rehda acting president Datuk N K Tong (pictured) recognised the intention behind the proposed RTA that aims to facilitate some issues arising in the market. However, such an act should take into account the fact that not all tenants and landlords have the same needs and capabilities, and require different levels of protection, particularly tenants from the B40 group.

Ireka joins PN17 list as Bursa rejects its bid for extension of relief period

Ireka first triggered the criteria for PN17 under Bursa's Main Market Listing Requirements in August 2020, after its auditors highlighted a material uncertainty relating to its ability to continue as a going concern regarding its audited financial statements for the financial year ended March 31, 2020 (FY20), and its shareholders’ equity had fallen to RM77.51 million or 42.67% of its RM181.29 million share capital as at end FY20, which was below the required 50% threshold.

Lendlease appoints Yong Su-Lin as managing director of Malaysia

According to a press statement on Tuesday (Mar 1), Yong will assume leadership of the business in Malaysia, driving the strategy, growth and operations across Lendlease’s development, investments and construction businesses in the country. The appointment follows incumbent Stuart Mendel’s return to Australia after seven years in Malaysia.