Maybank IB said the proceeds from the land sale will be deployed for working capital over the next twelve months. “We are not surprised by the land sale as UEM Sunrise had indicated earlier its intention to focus on its Malaysian project and switch its international business focus to Australia,...

BY ADRIAN CHANDatuk Roger TanPETALING JAYA: The sale and transfer of property valued at RM500,000 and below will now be subjected to a 1% conveyancing fee.Taking effect today, it came about with the revision of the fee structure in the Solicitors’ Remuneration Order by the Bar Council last...

BY VICTORIA BROWNPETALING JAYA: Kuala Lumpur has been ranked the second best city in South-East Asia in Mercer's 2017 Quality of Living rankings, with Johor Baru in third place.The annual survey by consulting firm Mercer, used by multinational companies to design expatriate packages, ranked Kuala...

BY SARBAN SINGHFIFTEEN families living in various Chinese New Villages in the Seremban parliamentary constituency can now sleep easy following repairs to their   dilapidated homes under a programme funded by the Prime Minister’s Department.MCA Youth chief Datuk Chong Sin Woon said the families...

CIMB Research said Gamuda has the advantage in the underground portion of the project while IJM has an edge in the hill-tunnelling scope. (Pic shows one of Gamud's projects under construction.)PETALING JAYA: Contractors Gamuda Bhd and IJM Corp Bhd are set to be the potential beneficiaries of the...

(From left) IOIPG chief operating officer for property development Teh Chin Guan, MPSJ council deputy president Mohd Zulkurnain bin Che Ali, IOIPG chief executive officer Lee Yeow Seng, MPSJ president Datuk Nor Hisham bin Ahmad Dahlan, IOI group executive chairman Tan Sri Datuk Lee Shin Cheng,...

PETALING JAYA: UEM Sunrise Bhd is selling 4.9 acres in British Columbia, Canada for C$113mil (RM372.57) under its strategy to focus on the domestic market in Malaysia and to shift its international business focus to Australia.The property company said on Monday its unit UEM Sunrise (Canada)...

BY THO XIN YINANNING: The China-Malaysia Qinzhou Industrial Park (CMQIP) here has so far confirmed over 50 industrial projects with a total investment value of close to 30 billion yuan (RM19.3bil).Prime Minister’s special envoy to China Tan Sri Ong Ka Ting said they are very encouraged by the...

PETALING JAYA: Property developer Tanco Holdings Bhd’s independent directors and adviser have advised minority shareholders to reject the takeover offer by the company’s major shareholders.Last month, Tanco said the joint offerers were Datuk Seri Tan Jing Nam, Andrew Tan Jun Suan and Datuk Tan...

BY M. HAFIDZ MAHPARThis photo, taken a year ago, shows Prime Minister Datuk Seri Najib Tun Razak being briefed on BHS Industries’ green technology project by the company’s chairman Datuk Sohaimi Shahadan.KUALA LUMPUR: BHS Industries Bhd, which is developing the Green Technology Park (GTP) in...