TO build up a stronger bond and connect with the local communities surrounding the Merdeka 118 precinct, PNB Merdeka Ventures Sdn Bhd (PMVSB) has spearheaded its Merdeka 118 Community Grants Programme in collaboration with urban rejuvenation organisation Think City Sdn Bhd. PMVSB is a wholly owned subsidiary of Permodalan Nasional Bhd (PNB). An objective is...
Read moreConstruction services company Tuju Setia Bhd has received a letter of award (LoA) to undertake main contractor works for Sunway d’hill Residences high-rise development in Kota Damansara, Selangor for RM311.7mil. In a statement, it said its wholly-owned subsidiary Pembinaan Tuju Setia Sdn Bhd has been commissioned by Sunway PKNS Sdn Bhd, a joint venture of Sunway City...
Read moreThe Sino-Singapore Tianjin Eco-City will become more sustainable and smarter in its next phase of development, featuring lush greenery, a park connector network, and digitally connected communities. This was agreed in a memorandum of understanding (MOU) signed by Singapore’s National Parks Board and China’s Tianjin Eco-City Administrative Committee at the 13th Sino-Singapore Tianjin Eco-City Joint...
Read moreSouth Korea-based printed circuit board (PCB) manufacturer, Simmtech, will be investing RM508mil to set up its first large-scale factory at the Kawan Industrial Park in Penang. Simmtech and the Malaysian Investment Development Authority (Mida) said in a joint statement that the new factory will create more than 1,000 high-skilled jobs in engineering, manufacturing and quality...
Read moreThe government has agreed to exempt taxation on foreign source income for resident taxpayers to ensure the smooth implementation of the tax initiative, said the Finance Ministry (MoF).(pic) The tax exemption is effective from Jan 1, 2022 to Dec 31, 2026. Subject to Inland Revenue Board criteria and guidelines, income tax exemption on dividends will...
Read moreFor several years, San Francisco investment banker Thomas Weisel had quietly shopped his beachfront Maui mansion with no takers. But when Covid hit, Hawaii’s luxury market surged, and so did interest in the modern home on just under an acre. After multiple buyers emerged, Mr. Weisel sold the roughly 22,000-square-foot home in July to “Yellowstone”...
Read moreMah Sing is cautiously optimistic about the property prospects in the medium to long term, citing robust demand for properties due to the young demographic. The impact of the epidemic has had an influence on the property market in Malaysia over the last two years. This has resulted in a change in consumer patterns and...
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