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Tatt Giap Group Bhd To Sell Land For RM41 Million

By Kim Wong / 3 years ago

PETALING JAYA, Jan 1: Tatt Giap Group Bhd has agreed to dispose of a 42,376.3 sq m piece of leasehold industrial land in Prai, Penang, to CSC Steel Sdn Bhd for RM41 million as part of the group’s debt reducing exercise. In a stock exchange filing yesterday, Tatt Giap said it had created legal charges over […]

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Shortage Of Care Homes In UK Create Opportunities For Investors

By Kim Wong / 3 years ago

UK is facing a growing shortage of elderly care homes creating significant opportunity for investment and development. Knight Frank’s latest UK Healthcare Report states, the UK’s population of over 65’s is forecast to grow by 10% over the next five years; however the number of new care home registrations is significantly decreasing. Research shows there […]

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Indonesia Struggles With 13.5M Housing Backlog

By Kim Wong / 3 years ago

Indonesia’s government is struggling to tackle the country’s housing backlog of 13.5 million units as it has only been able to supply 50 to 62.5 percent of the total annual demand, reported the Jakarta Globe. After President Joko Widodo was elected in October 2014, he promised to build one million homes to address the yearly […]

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1MDB Rationalisation Plan Completed, Says Arul Kanda

By Kim Wong / 3 years ago

1Malaysia Development Bhd (1MDB) president and group executive director Arul Kanda Kandasamy said today‎ the debt-laden firm has achieved its target of completing its rationalisation plan within six months. The final step of the plan was completed with the execution of the sales and purchase agreement for 1MDB’s 60% stake i‎n Bandar Malaysia Sdn Bhd […]

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Experts Forecast Lower Loan Growth

By Kim Wong / 3 years ago

Loan growth in Singapore is expected to fall to five percent for the whole of 2015, but this could decline further next year, reported Channel NewsAsia citing experts. “Between 2013 and 2015, while domestic growth has slowed down, overseas growth was able to compensate for slowness in domestic growth. But now, with China-led regional slowdown, even […]

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Development Plan Is For Adjoining Land, Ashram Unaffected, Say Trustees

By Kim Wong / 3 years ago

KUALA LUMPUR (Dce 31): Our intention have never to demolish or build over the Vivekananda Ashram, but to develop the adjoining land, says trustee R Sri Skanda Rajah. He said the trustees were also not asking the government not to gazette the building as a heritage site, only the land. “We are not suing the […]

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Penang Gerakan: Investigate Rising Cost of Undersea Tunnel

By Kim Wong / 3 years ago

The Malaysian Anti-Corruption Commission (MACC) should probe the ballooning cost of the proposed undersea tunnel and the related road projects under the Penang Transportation Master Plan (PTMP), according to Gerakan state liaison committee member H’ng Khoon Leng. In a report by The Star, he said the MACC should look into the RM305 million cost of […]

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For The Love Of Green

By Kim Wong / 3 years ago

IN continuation of our “green” theme, we feature, this week, two more developers offering properties that offer a “greener” environment. While some question the characteristics of a “green developer”, we put aside all precepts and judgments as to what constitutes the makings of a “green developer”, instead we highlight developments that offer lots of greens […]

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No Choice But To Reclaim Land To Fund Transport Plans In Penang, Says Guan Eng

By Kim Wong / 3 years ago

GEORGE TOWN (Dec 30): Over the past seven years, the DAP-led Penang government has had to endure criticism from various quarters over many of the changes introduced in the state. Among them are the proposed undersea tunnel and highway projects and more recently, the proposal to reclaim more than 1,200ha fortwo man-made islands off the […]

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