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This means the government would then lose out on corporate taxes and income taxes as a big part of taxes are paid by tycoons, he said.

The new unit placement to third party investors to be identified later represents up to 20% of Axis REIT's total issued units of 1.24 billion units as at Sept 30, 2019.

The MBPJ has been contacted but no action has been taken yet.

MBAM president Foo Chek Lee said the construction industry was known for being slow in adopting new technology.

City councillor Gooi Seong Kin gave this reminder at the Penang Island City Council full meeting here today.

This follows the High Court today dismissing the constitutional challenge brought by seven smokers, as it ruled that the Health Ministry's move to impose the ban is not filled with illegality and impropriety.

After reinventing its Menara HLA by offering co-working and co-living spaces, Tower REIT, part of the Hong Leong Group, is also looking to revamp another asset in an attempt to improve occupancy and net property income.

Start-ups coming here will gain access to funding, market, data and marketing opportunity.

The new phase called Dahlia comprises 222 units of two-storey terraced houses with land area sizes measuring 20ft by 65ft and built-ups of 1,750 sq ft.

The refurbishment of PPR Seri Cempaka’s sports court will convert the existing netball court into a multipurpose court that can be used for futsal and badminton as well. Additionally, there are plans to install a flexible netball post and two futsal goal posts.