“The current proposed guidelines by the Penang government require an onerous process via which all Hosts must have registration with the Malaysian Companies Commission (SSM) and submit physical forms to apply for additional licenses from local authorities.”
The Federal Court had on Friday (Jan 20) in a landmark decision ruled that for any hill top or hill slope development projects which are designated as environmentally sensitive in a development plan, approval has to be gained from the National Physical Planning Council (NPPC) as stipulated under Section 22(2A)(c) of the Town and Country Planning Act 2001 (TCPA).
Although Bank Negara Malaysia (BNM) unexpectedly kept interest rates on hold at its Jan 19 meeting, Fitch Solutions maintained its forecast that the overnight policy rate will be raised to 3.25% over the coming months.
S P Setia bagged two silver wins at the MIP Planning Excellence Awards (MIPPEA) 2022 held at The Majestic Hotel on Jan 17.
The opening of international borders and the transition from the pandemic to the endemic phase in April 2022 and the general election in November 2022 would be few of the highlights that brought the property market to the road to recovery.
Battersea Power Station (BPS) recorded £480 million (RM2.55 billion) in new residential sales in 2022, along with a further £1.1 billion (RM5.85 billion) worth of apartments completed and handed over, as the community grew to over 2,500 residents.
Bank Negara Malaysia (BNM) has paused the key rate hike, keeping the overnight policy rate (OPR) at 2.75% at its first Monetary Policy Committee (MPC) meeting this year, bucking consensus estimate of a 25- basis-point (25bps) increase.
Mah Sing Group Bhd is buying two parcels of land measuring 8.2 acres in Puchong for RM85.86 million from Millennium Acres Sdn Bhd, an entity 50%-owned by Tanco Holdings Bhd’s managing director Datuk Seri Andrew Tan Jun Suan.
Toll exemption will be given to highway users nationwide on Jan 20 and 21 in conjunction with the Chinese New Year, Prime Minister Datuk Seri Anwar Ibrahim announced.
Noteworthy:
When: August 2022
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