MGB settles RM7.23m with JV partner to revive Cameron Highlands project after six years The deal allows MGB to start getting approvals and launch the project in the third quarter, which is expected to take four years to complete. KUALA LUMPUR (April 22): MGB Bhd proposes to settle RM7.23 million with joint venture partner Aset…
Read MoreKUALA LUMPUR (April 23): The embankment of a retention pond in Taman Sri Alam, Saujana Utama, gave way again early this morning following heavy rainfall in the area. Selangor Fire and Rescue Department (JBPM) assistant director of Operations, Ahmad Mukhlis Mukhtar, said the department received an emergency call at 7.52 am. Five personnel and a…
Read MoreAmBank seeks to auction off property of Jho Low’s former aide Kee over RM1m loan The bank has also requested that a reserve price be set by the court and a licensed auctioneer appointed to handle the sale. KUALA LUMPUR (April 22): AmBank (M) Bhd is taking legal action to auction off a property in Bandar…
Read MoreHo Hup said details of the scheme of arrangement will be announced later. KUALA LUMPUR (April 22): After defaulting on loan facilities last week, Ho Hup Construction Co Bhd (KL:HOHUP) is seeking a court order to facilitate the restructure of its debt. The company, which has been classified as a Practice Note 17 (PN17) issuer…
Read MoreGDB secures court order to enforce adjudication award relating to 8 Conlay project “As a result of the above decision, the adjudication decision has been enforced by virtue of Section 28 of the Construction Industry Payment and Adjudication Act 2012 as if it is a judgement or order of the High Court.” KUALA LUMPUR (April…
Read MoreFong was initially suspended for two weeks from April 7 as a precautionary measure to facilitate an independent review into alleged misconduct that may have breached the company’s internal policies and terms of employment. KUALA LUMPUR (April 21): HHRG Bhd (KL:HHRG) has extended chief executive officer Fong Chee Khuen’s suspension by two more weeks until…
Read MoreMalaysian Institute of Planners supports govt’s initiative to introduce Urban Renewal Act While recognising the significant merits of the proposed Act in advancing urban renewal, MIP added that there “remains an opportunity to further enhance certain provisions to strengthen clarity, inclusivity, and practical applicability”. KUALA LUMPUR (April 21): The Malaysian Institute of Planners (MIP) welcomes…
Read MoreTan (second from left) and Adenan (second from right) exchanged the signed partnership agreement while Wong (left) and Nor Hazqiah (right) looked on. PETALING JAYA: Kwasa Land Sdn Bhd (Kwasa Land), the master developer of Kwasa Damansara, has partnered with Sunsuria Damansara Sdn Bhd for new residential development at Kwasa Damansara with a gross sales…
Read More(From left) Teo, Zafir, Aminuddin, Azmir, Mohamed Ridza and Mohd Idris performed the groundbreaking gimmick. PETALING JAYA: Sime Darby Property Bhd (SDP) has officially broken ground on Vision Business Park (VBP), a key component of the Malaysia Vision Valley 2.0 (MVV2.0) development. The ceremony was officiated by Negeri Sembilan Chief Minister Datuk Seri Utama Aminuddin…
Read MoreKUALA LUMPUR (April 21): International Workplace Group (IWG) has announced plans to launch a new centre under its premium Signature by Regus brand at Menara Merdeka 118, Kuala Lumpur, in the third quarter this year. The new centre will occupy two floors and provide 637 workstations, three meeting rooms, 31 co-working desks, a business lounge…
Read More
