PETALING JAYA: The Malaysian timber industry continued to perform well despite the Covid-19 pandemic and its associated economic fallout, with exports recording a growth of 3.1% to RM22.70bil in 2021 from RM22.02bil in the previous year, Bernama reported. The Malaysian Timber Council (MTC) said in terms of percentage of export value growth year-on-year, plywood tops...
Read more“BE fearful when others are greedy and greedy when others are fearful,” is a famous quote by billionaire investor Warren Buffett (pic) made more than three decades ago. This quote is relevant now. Some investors fear the impact of the 40-year record high inflation which is driving up prices of goods and services, and in...
Read moreSARAVANAN, a minimum wage worker, complains about how he has to pay almost RM10 more for five kg of cooking oil in a span of just two years. “The price of vegetables, poultry products and processed items have all increased significantly. The only thing that doesn’t increase as much is my salary. “I’m not...
Read morePARIS: Real-world real estate in NFT form? That’s right, forget the craze for buying virtual real estate in the metaverse, now it is the purchase of bricks-and-mortar properties through non-fungible tokens that is starting to emerge. In February, a house in Florida was sold via NFT at auction for $653,000. And this is just the...
Read moreSunsuria Bhd is paying RM74.17 million for a parcel of leasehold agricultural land in Ijok, Kuala Selangor, to expand its property development and property investment businesses. According to a filing with the Bursa Malaysia last Friday, the proposed acquisition represents an opportunity for the company to accumulate strategic industrial land. The developer has proposed purchasing...
Read moreKUALA LUMPUR: LBS Bina Group Bhd has entered into a heads of agreement (HOA) with a few companies to collaborate in building and operating a light rail transport (LRT) system connected with the railway shuttle link currently being built from Singapore to Johor Bharu (RTS Link). The property and construction group said the collaboration would...
Read moreGEORGE TOWN: The Penang Development Corp (PDC) will develop between 100 and 150 acres of industrial land annually in Batu Kawan over the next three years. According to special adviser to Penang Chief Minister Datuk Seri Lee Kah Choon (pic), the demand for industrial land in Penang is strong. “Due to the pandemic, electronic raw...
Read moreKlang Valley’s MRT 3 Circle Line, which was previously shelved by the former Pakatan Harapan government, is now back on track. As announced by Transport Minister Dr Wee Ka Siong recently, the MRT 3 project is aimed to be fully completed by 2030 and it will start partial operations by 2028. The new rail project...
Read moreKUALA LUMPUR (March 16): The construction of the Mass Rapid Transit 3 (MRT3) is projected to keep industry players busy for the next eight years, and conglomerate Gamuda Bhd will be the main beneficiary given its work on the previous two projects, analysts said. Describing Putrajaya’s approval for the MRT3 as “timely” and “a shot...
Read moreNegeri Sembilan’s property market registered a slight drop of 2.9 per cent in the volume of transactions in the first nine months of 2021 compared to the same period in 2020. The value of transactions however rose by 19.4 per cent, bringing in a total of RM4 billion from RM3.4 billion in the corresponding period...
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