News by Bernama

Penang on Tuesday launched its Publicity and Public Participation Programme for the Final Report of the Draft of the Penang Silicon Island Local Plan (RTPSI) 2050, which was specifically designed for a greenfield area or fully reclaimed development.

CGS International Securities Malaysia Sdn Bhd (CGS MY) has completed the RM94.5 million private placement for YTL Hospitality REIT (KL:YTLREIT), where CGS MY acted as the principal adviser and sole bookrunner for the transaction.

Capitaland Malaysia Trust’s (KL:CLMT) manager, CapitaLand Malaysia REIT Management Sdn Bhd, said CLMT MTN Bhd, a special purpose vehicle wholly owned by CLMT via MTrustee Bhd as the trustee, has lodged documents with the Securities Commission Malaysia (SC) for a proposed medium-term note (MTN) programme of up to RM3 billion.

The federal government is reviewing all proposals and recommendations to address rising construction material costs following tensions in West Asia, Deputy Works Minister Datuk Seri Dr Ahmad Maslan said.

Singapore has introduced the Cross-Border Railways (Border Control Co-Location) Bill to support the operationalisation of the upcoming Johor Bahru-Singapore Rapid Transit System (RTS) Link.

Chow said the state will not wait for the full reclamation of the island’s 930.777 hectares before moving ahead with topside development.

Individuals can submit applications by obtaining a tax identification number (TIN) and logging in via the MyTax portal.

The Penang government will conduct a legalisation programme for People’s Housing Projects (PPR) and State Rental Homes, which have rental arears exceeding RM2 million.

A total of 34 previously sick projects under PR1MA Malaysia Corporation have been completed, enabling 22,925 buyers to finally receive their homes after years of waiting.

Sunway Bhd (KL:SUNWAY) plans to implement joint procurement in construction as part of its short-term strategy within nine months of acquiring IJM Corporation Bhd (KL:IJM).