News by Bernama

The investment bank noted that retail and industrial-focused REITs with strategic Johor assets are poised to benefit from sustained tenant demand, positive rental trends, and potential valuation uplift. 

“The first provision of financial assistance under the loan agreement is £6 million.”

Projects listed as priority include the Pan Island Link Highway, the development of the Penang Tuna Port, the Federal Road from Bayan Lepas to Teluk Kumbar, and the health complex in Seberang Perai.

Studies conducted through active fault mapping and the Malaysian Seismotectonic Map found fault zones in these states that are vulnerable to seismic activity.

"Nov 27 has been set for the hearing to determine whether Bina Puri will be wound up or if there will be a settlement between both parties."

He said the first phase of the high-impact project, which began in September, is expected to create more than 5,000 jobs across technical, service, logistics, marketing and management fields.

For this year alone, 325 sick and delayed housing projects involving 36,922 units with a GDV of RM28.85 billion had been revived.

Loke said the Terengganu segment is among the fastest to be completed as land issues were resolved earlier, coupled with its flat geographical terrain, which posed fewer construction challenges.

The initiative is part of ongoing efforts to address congestion and improve the commuting experience for over one million daily users of Klang Valley’s rail network.

He stressed that Malaysia’s land management requires a new, forward-looking approach, which emphasises cooperation between the federal and state governments to ensure land, as a national asset, is managed strategically, efficiently, and inclusively.