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A ferry service between Sabah and the Philippines’ Palawan province is in its final planning stages with approval currently pending. With operations expected to commence in February 2018, the roll-on roll-off ferry service between Kudat in Sabah and Palawan, is expected to amplify economic activity and boost tourism between the two areas. The ferry has…

According to the Ministry of Natural Resources and Environment, the proposed Penang South Reclamation Scheme (SRS) may alter the continental shelf of Penang thereby encroaching into international waters. The continental shelf length authorised under current laws is three nautical miles (5.5km) from shore. However, if the proposed project is reclaimed between 3km and 4km, the…

Hospitality development firm Pulai Springs Resort Bhd, will soon have a new area dedicated to boutique houses at its Jalan Pontian property in Johor Baru. Known as ‘The Enclave’, the green development comprises 33 semi-detached houses and bungalows with an expected completion in the third quarter of 2019. This guarded community is a short drive…

Karyon Industries Bhd is spending RM6.7 million to acquire 41,355 sq. ft. of land in Plentong, Johor, along with buildings erected on it, to potentially set up an additional manufacturing line and to increase storage capacity. Its wholly-owned subsidiary Hsing Lung Sdn Bhd, has entered into a sale and purchase agreement with Easa Trading Sdn…

Malaysian Resources Corp Bhd (MRCB) will commence negotiations with the government to discuss terms of the mutual termination agreement of the concession for the Eastern Dispersal Link (EDL) highway in Johor. MRCB had planned to dispose of the EDL highway following the government’s decision to abolish toll collection on the highway in 2018. MRCB considers…

While the property market has remained soft in 2017, Valuation and Property Services Department (JPPH) believes the market is still holding up as transactions are still evident. Overall market activity is recording a lower rate of decline compared with 2016 and 2015. As transactions are still occurring, this implies that demand for properties prevails, provided…

Ahmad Zaki Resources Bhd’s (AZRB) has secured a RM138.38 million contract to build two academic buildings at Universiti Teknologi Petronas (UTP) in Bandar Seri Iskandar, Perak. Its wholly-owned subsidiary Ahmad Zaki Sdn Bhd, has received and accepted the letter of award from Institute of Technology Petronas Sdn Bhd to build academic buildings for the faculty…

Medic IG Holdings has established the An-Nur Specialist Hospital (ANSH) in Section 15, Bandar Baru Bangi, for the provision of affordable healthcare. Housed on a 2.3 acre plot, the 200-bed, seven-floor medical centre is a component of the Bangi Gateway development. The purpose-built hospital, which the company is leasing for 21 years, is expected to…

Automated equipment manufacturer Pentamaster Corp Bhd, has embarked on the Penang Automation Cluster project to groom local small and medium enterprises (SME) to produce high-quality precision machine parts. The company formed a joint venture with the Malaysia Automation Technology Association (Mata) and ViTrox Corp Bhd, as part of its corporate social responsibility (CSR) initiative. Pentamaster…

The Eco Business Park V (EBP V) in Puncak Alam, Selangor is a 516 acre leasehold development featuring an innovative flexi-space concept, which allows business owners to utilise their space as either a retail outlet, office, warehouse, or production house. Eco-friendly design elements are incorporated into factory units to achieve cost efficiency and minimise carbon…

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Jones Lang Wootton