Kawan Food said it intends to build a second manufacturing facility for its operations on the proposed site. It plans to expand its cold room facility to include a warehouse and cold chain distribution for in-house and external products, equipped with new technology such as robotic automated warehouse to cater for frozen, chilled and ambient food products.

He acknowledged that the implementation of the Movement Control Order (MCO) to curb the spread of the Covid-19 pandemic was one of the main reasons that caused the delay in the highway's construction, thus resulting in delays to the maintenance of several roads in the Pan Borneo alignment.

According to Tanjung Pinang Development's website, the company holds the concession rights to both phases of the Seri Tanjung Pinang (STP) reclamation project at the north-east coast of Tanjung Tokong in Penang.

The research house's analyst Loong Kok Wen said in a note that degearing is now management’s top priority, and she believes the handover of a few projects in Melbourne and Singapore, as well as the potential completion of some land disposals, will help reduce the group’s net gearing to 0.51 times to 0.53 times by year end from the current 0.61 times (including non-controlling interests).

To ease the process, EdgeProp Malaysia has introduced Location Scan, a tool that empowers property buyers to make informed decisions driven by data. By a simple tap to the link on EdgeProp.my property portal, homebuyers can better understand the property and the area of their choice. 

Having bought properties for investment purposes, you may mistake the rental returns as investment gains that are tax-exempted, but unfortunately, any rent received is to be declared as taxable income. 

According to Luxchem’s bourse filing, Luxchem Trading Sdn Bhd (LTSB), a wholly-owned subsidiary of the company, has entered into a sale and purchase agreement (SPA) with Worldwide Emergency Assistance (Malaysia) Sdn Bhd to purchase the whole of Block N at Jaya One, Petaling Jaya.

In a statement, OCR said the joint venture will be undertaken with Magna Prima's 70%-owned unit Magna Ecocity Sdn Bhd, who owns a 20-acre leasehold plot in Section 15, Shah Alam, Selangor.

In a Bursa Malaysia filing on Wednesday (April 20), the REIT said its revenue increased by 4.7% to RM18.83 million compared with RM17.99 million, supported by lower rental rebate amortisation and better promotional area income as a result of the further relaxation of the standard operating procedures during the quarter compared with a year ago.

The commercial property REIT — which has offices, warehousing and manufacturing facilities in its portfolio — reported a 16.02% increase in revenue to RM66.69 million from RM57.48 million a year prior.