Malaysian Resources Corp Bhd's (MRCB) net gearing levels could surpass 0.49 times if it undertakes the redevelopment of transport hub KL Sentral simultaneously with that of the Shah Alam Sports Complex, said Hong Leong Investment Bank (HLIB) Research.
Parti Pribumi Bersatu Malaysia has questioned the right of Datuk Seri Amirudin Shari to reject the application for the proposed Petaling Jaya Dispersal Link (PJD Link) project, since he is currently only the caretaker Selangor menteri besar.
Four Petaling Jaya residents who filed a legal action against the Petaling Jaya Dispersal link (PJD link) wants the Selangor government to give a firm commitment to reject any future highway development in the PJ area.
Construction and integrated facilities management group Widad Group Bhd has appointed Saloma Mohd Jonid as its new executive director, effective Tuesday (Aug 1).
In a filing with Bursa Malaysia on Tuesday (Aug 1), the company said Tan will helm the transformation and growth of the group together with the management team.
The third installment of the Green Build Conference (GBC) 2023, which was held on Tuesday (Aug 1), highlighted the importance of long-term sustainability in the country’s real estate industry by urging stakeholders to plan their climate ambitions accurately and demonstrate their commitment and ability to take decisive climate actions.
The 52-year-old Tan has over 26 years of international experience in the property development and construction industries, having held leadership positions at other property companies.
Avillion incurred net losses of RM5.4 million at the group level and RM4.84 million at the company level in FY2023, although the group’s hospitality, property, and travel divisions have recovered after the Covid-19 pandemic.
The land is next to the Bayan Lepas WaterFront development site.
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