<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Nov 29): PJBumi Bhd said it has received a conditional development order from the Sungai Petani Municipal Council for the proposed development of its 4.6-acre industrial land in Sungai Petani, Kedah.</p></div>

<div class=newsTextDataWrapInner><p>The development comprises 24 units of smart medium industrial factories with an estimated gross development value (GDV) of RM42 million, said PJBumi in a filing with Bursa Malaysia on Wednesday.</p></div>

<div class=newsTextDataWrapInner><p>The group said that the construction period is 18 months.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>"The directors are of the opinion that the development is in the best interest of the group after considering, amongst others, the potential financial contribution to the earnings of the group" it added.</p></div>

<div class=newsTextDataWrapInner><p>At market close on Wednesday, PJBumi's shares were up 1.5 sen or 1.73% at 88 sen, giving it a market capitalisation of RM72.16 million.</p></div>


PJBumi Bhd said it has received a conditional development order from the Sungai Petani Municipal Council for the proposed development of its 4.6-acre industrial land in Sungai Petani, Kedah.

PJBumi gets nod from local authority to develop industrial factories in Sungai Petani with RM42m GDV

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<p>Sarawak certainly had more good reasons to celebrate its 61st year of independence last Monday (July 22).</p>

<p>In conjunction with the celebration, the state saw the inauguration of a new methanol plant in Bintulu and the signing of gas sales agreements — the first after state-owned Petroleum Sarawak Bhd (Petros) became the sole gas aggregator, taking over from Petroliam Nasional Bhd (Petronas).</p>


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<p>For years, Thai equities stood tall as one of Southeast Asia’s largest stock markets. That bullish story is fast unravelling, and not even cheap valuations can save the day.</p>


<p>The main focus this week will be the <b>US Federal Open Market Committee</b> (FOMC) meeting on July 30 and 31.</p>


<p>Rattled investors are bracing for earnings from the market’s biggest tech companies, a Federal Reserve (Fed) policy meeting and closely watched employment data in a week that could determine the near-term trajectory of US stocks following a bout of severe turbulence.</p>


<p>China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.</p>


<p>US Treasury Secretary Janet Yellen firmly rejected an accusation from the economist Nouriel Roubini that her department has manipulated the issuance of Treasury securities in a way that lowers real borrowing costs across the economy.</p>


<p>US Treasury Secretary Janet Yellen said on Friday that she opposes shifting global tax deal negotiations away from the Organisation for Economic Cooperation and Development (OECD) to the United Nations (UN), pushing back against the desires of some developing countries and non-profit groups.</p>


<p>With inflation cooling and unemployment rising in the United States, investors are betting that the Federal Reserve will cut interest rates. At the time of this writing, market prices imply a less than 2% chance that the Fed will not reduce rates at its policy-setting meeting in September, and ev...