Selangor Dredging Bhd’s wholly owned unit is buying 29.19 acres (11.81 hectares) of vacant leasehold land, together with completed earthworks, in Dengkil, Selangor for RM87.9 million from Xtra Touch Sdn Bhd.
Berjaya Land Bhd has secured a syndicated loan of US$330 million (RM1.58 billion) from a consortium of Japanese financial institutions to fund the development of the prestigious Four Seasons Resort & Private Residences in Okinawa, Japan.
Ageson Bhd’s external auditor, Jamal, Amin & Partners is unable to provide a basis for an audit opinion on the company’s audited financial statements for the 18-month financial period ended Dec 31, 2022 (FY2022) as the group has failed to provide sufficient appropriate audit evidence.
Integrated construction and property firm PTT Synergy Bhd has secured a RM53.29 million contract for construction and completion of various works related to Phase A (Package 1) Elmina Business Park 2 in Rawang.
“About using OPR to defend the currency, it is probably not ideal, if I may say, [it is] not effective.”
Anwar pointed out that Malaysia's economic indicators, such as inflation and unemployment rates, are still relatively low, while the economy and investments are steadily growing.
“We maintain our overweight stance on both the property and MREITs sector.”
Berjaya Land said the apex court allowed its appeal against the Selangor government and the director of the JPBD with costs of RM80,000, and reinstated the orders made by the High Court in 2017.
The group said it was informed of this via a letter from the Companies Commission Malaysia dated Oct 4.
Approvals to restructure loans and reduce interest on loans for buyers of “sick and abandoned” housing projects are subject to the discretion of the financier, said the Minister of Local Government Development Nga Kor Ming.
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