“Nga: Akta Pembaharuan Bandar akan dibentang tahun depan,” terpapar di laporan utama berita. Laporan tersebut menyebut Menteri Pembangunan Kerajaan Tempatan (KPKT) Nga Kor Ming, menekankan akan kepentingan Akta ini dalam mempastikan pembaharuan bandar yang sistematik, teratur dan efisien demi meningkatkan ekonomi negara.
Hua Yang Bhd’s net profit rose 58.75% to RM535,000 for the second quarter ended Sept 30, 2023 (2QFY2023) from RM337,000 a year earlier, amid a surge in revenue.
AMMB Holdings Bhd has provided a RM450 million financing facility to Eastern & Oriental Bhd’s (E&O) unit to fund the development of the Andaman Island project in Penang.
Following the Umech land sale controversy, the Penang Development Corporation (PDC) board, chaired by Chief Minister Chow Kon Yeow, has instructed the management to prepare a paper to review the sale of land for projects that would be implemented on PDC land in the Batu Kawan Industrial Park 2 (BKIP2).
Noteworthy:
When: February 2023
Valiant First Sdn Bhd has filed a suit against aviation and defence company Destini Bhd, seeking specific performance for the completion of the sale of two plots of land in Glenmarie and Bukit Jelutong.
MHub is collaborating with RHB Bank in “a transformative partnership that aims to revolutionise the property buying and selling experience”.
Even though the RM646.02 million land deal between Penang Development Corp (PDC) and Umech Land Sdn Bhd — a 70%-owned subsidiary of Sunway Bhd — has been cancelled, the state needs to explain how the controversial agreement came to be signed, the Penang Chinese Chamber of Commerce (PCCC) insisted on Wednesday.
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The government is looking into raising the floor for paid-up capital and accumulated capital for new property developers, and to blacklist directors of sick and abandoned projects in an effort to ensure the sustainability of the housing sector.
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