Developers News
RM1.6b annual sales for KLIA2 retailers seen
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB), which will start awarding concessions to retailers for KLIA2 in April, expects the concessionaires to help it achieve annual sales of RM1.6bil once the new low-cost carrier terminal (LCCT) runs at full capacity.
MAHB is currently registering annual sales of RM1.3bil from all 39 airports it operates. Of this, RM900mil is derived from sales at the...
RM1.6b annual sales for KLIA2 retailers seen
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB), which will start awarding concessions to retailers for KLIA2 in April, expects the concessionaires to help it achieve annual sales of RM1.6bil once the new low-cost carrier terminal (LCCT) runs at full capacity.
MAHB is currently registering annual sales of RM1.3bil from all 39 airports it operates. Of this, RM900mil is derived from sales at the...
800 more telco towers to be set up in rural areas
KUALA LUMPUR: Over 800 more telco towers will be set up in rural areas throughout the country by the end of the year, said Deputy Information, Communications and Culture Minister Datuk Joseph Salang.
He said the exercise came under the purview of the Malaysian Communications and Multimedia Commission’s (MCMC) Time 3 Programme, aimed at bridging the digital divide between rural and urban areas.
“The...
KSL’s Ku wants to sell his Ulu Tiram oil palm estate
JOHOR BARU: KSL Holdings Bhd executive director Ku Hwa Seng has been identified as the businessman who is disposing of his privately-owned freehold oil palm estate in Ulu Tiram for RM83.08mil.
A source said the decision to sell the estate was made on his capacity as the private owner of the land and had nothing to do with the group and its subsidiaries.
“The land is suitable for developers planning...
Demonstration on the proposed EDL toll charges
JOHOR BARU: The Johor Baru MCA Youth and Gerakan Youth conducted a peaceful demonstration here recently, to show their disapproval on the proposed toll charges following the opening of the Eastern Dispersal Link (EDL).
Johor Baru MCA youth chief Kua Song Tuck said he had received many complaints from the public especially Malaysians working in Singapore about the charges.
“These people travel to...
Royal town with landmarks of tusks
MUAR: All main roads into the district will be adorned with landmarks of ‘elephant tusks’, in preparation for Bandar Maharani’s official declaration as the royal town of Johor.
Muar district officer Amran Abdul Rahman said Johor Ruler, Sultan Ibrahim Sultan Iskandar had decided on the matter and the Public Works Department would design the landmark.
He said other districts too would have similar...
Chan to exit KEuro?
PETALING JAYA: Tan Sri Chan Ah Chye, the long-time major shareholder, president and chief executive of Kumpulan Europlus Bhd (KEuro) will soon start to make an exit from the company sometime this year, reliable sources said.
Chan, who could not be reached for this article, will first step down from his executive position in the company and play a passive shareholder role, the sources said.
The sources...
Confirm or deny forfeiture of site by Selangor govt, KHSB told
PETALING JAYA: Bursa Malaysia has queried Kumpulan Hartanah Se-langor Bhd (KHSB) over the forfeiture of a 234ha piece of land in Gombak.
It is asking the company to either confirm or deny the forfeiture of the leasehold land by the Selangor state government.
Bursa also wants KHSB to announce the deliberation and decision of the board of directors on the matter and the action taken by the...
Exhibition on Gaya Street attracts big crowd
KOTA KINABALU: One of the oldest streets in the state capital came alive last weekend in an event called Bonding with Gaya Street.
The exhibition was held in conjunction with Kota Kinabalu’s 12th year celebration of being recognised as a city. The event drew flocks of people eager to either relive or learn of Gaya Street’s rich and colourful history through old photos and artifacts, among others.
Originally...
Projects benefits all communities in Sabah
KOTA KINABALU: More than RM1.2bil worth of projects under the Sabah Development Corridor (SDC) have been awarded and these have benefitted all communities.
Sabah Economic Development and Investment Auhority chief executive said Datuk Dr Yazakub Johari said the ongoing SDC projects include the Keningau Integrated Livestock Centre.
Other projects were the various agriculture related or agripolitan schemes...
