BY JOSEPH CHINKUALA LUMPUR: KIP Real Estate Investment Trust  (KIP REIT) plans to raise at least RM234mil under its proposed listing on the Main Market of Bursa Malaysia Securities.In its prospectus issued on Friday, it said the initial public offering (IPO) involved 234.15 million units at an...

KUALA LUMPUR: YTL Hospitality REIT is a still a Buy though Affin Hwang Capital Research has lowered its target price from RM1.60 to RM1.38 due to the dilution effect after its equity placement.It said on Friday the Buy rating was based on the attractive yields of 7.0% to 7.6%. Future asset...

PETALING JAYA: The SMART Tunnel in Malaysia has been listed as one of the top 10 world's greatest tunnels by CNN.The article explains that the tunnel is expected to prevent billions of dollars of possible flood damage and costs from traffic congestion in Kuala Lumpur's city centre.Built in 2007,...

BY SHALINI RAVINDRANandDIYANA AZIZAn angry motorist confronts a DBKL enforcement officer in Bangsar over the parking fee hike. CONFUSION reigned across the city as the increased charges for parking bays owned by Kuala Lumpur City Hall (DBKL) kicked off within the central business district (CBD) on...

BY VIJENTHI NAIRDBKL staff cutting a lock to open a PPR Raya Permai unit believed to be rented out to foreigners. Looking on (in yellow) is Muzammer. — filepic THIS year, Kuala Lumpur City Hall (DBKL) confiscated 328 out of 946 housing units found to have been misused between January and...

BY PRIYA MENONRecent MBSA raids have revealed a lackadaisical attitude among restaurant operators towards maintaining cleanliness of their premises. — filepicRESTAURATEURS had better keep their premises clean as the Shah Alam City Council (MBSA) is mulling over the suggestion by councillors to...

 THE recent high demand for water in areas along the Sungai Semenyih water treatment plant’s distribution route affected the water pressure to Bandar Puteri Puchong.Syarikat Bekalan Air Selangor (Syabas) corporate communications head Amin Lin Abdullah said in a statement that the water pressure...

BY ANDY CHUAThe bulk of SMc’s expenditure goes to road upgrade.SIBU: 2016 has been a fruitful year for Sibu Municipal Council (SMC), said its chairman Datuk Tiong Thai King.Speaking at the council meeting, Tiong said despite the lack of development fund, the council continued to serve the people...

PETALING JAYA: Good news on New Year’s Eve for Klang Valley’s rail and bus commuters.Services of selected light rail transit (LRT), mass rail transit (MRT), monorail and feeder bus services will be extended on Saturday evening until the early hours of New Year’s Day.Prasarana Malaysia Bhd in...

PETALING JAYA: Country Heights Sdn Bhd (CHSB) has been ordered to pay the Government tax arrears amounting to RM22.49mil.Shah Alam High Court Justice Tun Abd Majid Tun Hamzah made the ruling yesterday, according to a statement issued by the Inland Revenue Board.It stated that the outstanding tax...