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Sarawak will implement its first project under the Bioeconomy Community Development Programme (BCDP) that will see a new biofeed manufacturing facility being developed in Mukah. The project is expected to promote the growth of the animal and aqua feed industry by converting fish waste and sago waste into high value protein additives. A memorandum of…

Integrated poultry farmer Lay Hong Bhd has proposed to dispose of a 30% stake in G-Mart Borneo Retail Sdn Bhd to PanPages Bhd for RM10.75 million as it seeks to build up its online e-commerce business. G-Mart has 16 stores in Sabah and completion is expected within two months. (The Star, 9/5/2017)

Tourism will become Sandakan town’s key economic driver with the upgrading of the airport terminal together with the extension of the runway to accommodate larger aircraft such as the Boeing 737 and Airbus 320. When the project is complete, there will be more direct flights from Japan, South Korea and China. The improvements are necessary…

Sabah continues to draw in visitors despite some setbacks in the Sabah state over the last few years. China remained the main contributor with 33.2% of the Sabah state tourism’s market share, underpinned by 79 scheduled flights each week between the state capital and cities in China. In May 2017 alone, some 3,500 tourists from…

IJM Perennial Development Sdn Bhd, a joint venture between IJM Corp Bhd and Perennial Real Estates Holdings Ltd, has unveiled The Light City, a large scale integrated mixed use waterfront development with a total gross development value of over RM4.5 billion in Gelugor, Penang. The Light City will have a total gross floor area of…

There was an increase of three million tourists who stayed overnight and shopped in Johor over the period between 2012 and 2015 (inclusive). Tourists who stayed overnight and spent money in Johor recorded a significant increase from 3.9 million people in 2012 to 6.95 million in 2015. Johor is expected to continue to receive an…

Iskandar Waterfront City Bhd (IWC) has announced that there will be an injection of 3,598 acres of land worth RM4.3 billion in relation to its proposed merger with Iskandar Waterfront Holdings Sdn Bhd (IWH). IWC proposed to enter into several Sale and Purchase Agreements (SPA) to buy properties in Johor controlled directly or indirectly by…

Property developers are poised to see higher sales in 2017 after three consecutive months of year-on-year increases in approved loans. According to Bank Negara, approved loans for the purchase of property increased 3% year-on-year to RM11.3 billion. This was driven by a 20% increase in loan applications, which implies significantly better demand. In 1Q17, approved…

A national Buddhist centre and houses of worship of other major faiths will be built in Putrajaya. The centre, which will be built on a 0.67 acre government owned land, is next to a Hindu temple that is currently under construction. Named the Devi Sri Lalithaambigai Alayam complex, the Hindu temple will feature elements from…

The Government will open four new Urban Transformation Centres (UTC) in 2017 to provide various services for “the public under one roof”. The first to be opened will be UTC Ampangan in Negri Sembilan in mid May 2017. The opening of UTC Kampung Sena in Kangar, Perlis, has been scheduled for either July or August…

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