Power Root Bhd is buying 116 parcels of freehold residential land, totalling about 771,949 sq ft in Johor Bahru, Johor, for RM25 million in cash.

Malaysia Building Society Bhd (MBSB) is targeting to deliver a high return on equity (ROE) of 6.0%-6.5% this year, up from 5.2% in 2022, even as the Islamic commercial bank faces margin pressure arising from increasing cost of funds.

S P Setia subsidiary I&P Alam Impian Sdn Bhd has entered a partnership with UiTM Shah Alam to promote “artistic expression and creative lifestyles among its community”.

One cannot escape “technology” these days. From individuals to companies and countries, big and small, almost all are leveraging it to forge ahead. Traditional businesses that resist the advancement or are slow to catch up will find themselves left behind the competition.

Noteworthy:

• Freehold
• Built-up size: 362 sq ft
• 1 bedroom, 1 bathroom
• Fully furnished
• Nearby amenities: Restaurants, Genting Strawberry Leisure Farm, Genting Skyway, Genting Highlands Premium Outlets, Chin Swee Cave Temple, 
• Accessibility: Karak highway, Genting Sempah–Genting Highlands highway

When: March 2023

The platform will serve to unlock value in Khazanah’s existing portfolio and achieve commercial returns by developing its seed assets through new investments and collaborating with high potential local and international companies. 

The meeting is also to seek shareholder approval to appoint four new members to its board. 

The property, which is located at Giant Hypermarket Bercham, has a net book value of RM23.09 million. 

Lower net income coupled with expansion in AUM had led to a lower return on assets for PNB last year, down to 3.1%, from 3.6% in 2021, and 3.5% in 2020 and 2019.

The project, commissioned by Global Vision Logistics Sdn Bhd, will establish the country's first green-certified logistics hub, one of the largest in the Asean region.