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Axis REIT signs RM42mil land deal with Scomi Engineering
PETALING JAYA: Axis Real Estate Investment Trust (Axis REIT) has entered into an RM42mil agreement with Scomi Engineering Bhd for the acquisition and leaseback of a parcel of industrial land, together with an industrial complex.RHB Trustees Bhd, as the trustee for Axis REIT, signed the agreement...
Mah sing names Ho Hon Sang new CEO cum executive director
PETALING JAYA: Mah Sing Group Bhd has appointed Ho Hon Sang as chief executive officer cum executive director effective today, who will be taking over from Ng Chai Yong who resigned to pursue other interests.“Chai Yong has contributed to the strong performance of Mah Sing Group and we appreciate...
Paramount Property creates thriving environment
BY MAK KUM SHILatest project: An artist’s impression of KDU University College flagship campus in Paramount Utropolis in Selangor.PETALING JAYA: The whole is greater than the sum of its parts. This is true, especially for Paramount Property’s Paramount Utropolis, and there are several benefits...
Mosaic and tile producer to invest RM5mil outside KL
Malaysian Mosaics’ new office at SPICE Canopy inRelau, Bayan Lepas.MALAYSIAN Mosaics Sdn Bhd plans to invest RM5mil to expand its presence outside Kuala Lumpur, where the company is headquartered.Its chief executive officer Alex Yeow Wai Siaw said the RM5mil was about 2% of the company’s annual...
Johor to promote rural tourism experience
BATU PAHAT: Johor has come up with its own rural tourism product called DesaStay which provides a kampung experience for tourists.Launched by Johor Mentri Besar Datuk Mohamed Khaled Nordin, he said that DesaStay was different from the homestay concept as it involves the participation of the whole...
Roadworks affecting shops
BY T. AVINESHWARANCordoned off: A motorist passing by the partially collapsed building which housed the famous salted chicken shop.IPOH: The famed salted chicken here is in the headlines again with the partial collapse of a shop that sells the poultry baked in salt and Chinese herbs.There are at...
Sunway Velocity Mall sees full occupancy
New landmark: Chan explaining the development of Sunway Velocity shopping mall.PETALING JAYA: Sunway Velocity Mall, which will be opening its doors in Cheras on Oct 28, expects to operate with full occupancy by the first half of 2017.Sunway Shopping Malls & Theme Parks chief executive officer H.C....
Manjung 4: Inside Southeast Asia’s first ultra supercritical power plant
The Manjung 4 ultrasupercritical plant located in Perak.Ultra-Super- Critical. Yes, it is quite a mouthful. If it sounds impressive, it’s because it is.Ultrasupercritical technology is the current gold standard for coal-fired plants in the world, and GE’s market-leading technology underpins the...
Squatter settlements being demolished
Getting to work: Yeo (centre) inspecting demolitions at the illegal settlements at Kg Sembulan in Kota Kinabalu.KOTA KINABALU: After years of putting up with squatters at several illegal settlements in Kg Sembulan near here, City Hall has finally decided to act.The squatters have been issued...
Assessment discount for the poor and disabled
BY EDWARD RAJENDRAASSESSMENT tax discounts given to owners of properties without tenants, disabled homeowners and those owning low-cost properties in Selangor has seen a positive impact on the people.Selangor Local Government, New Village Development and Legalising of Factories committee chairman...