Tropicana inks deals to develop four plots of land

Companies that provide short-term consumer loans at high interest rates are on the increase in countries like Indonesia and the Philippines as many people struggle to get advances through traditional channels such as banks.

PETALING JAYA: Tropicana Corp Bhd has entered into four joint-development agreements (JDAs) with Pantai Kok Resort Development Sdn Bhd, Sinaran Ramah Sdn Bhd, Suci Padu Sdn Bhd and Ibarat Indah Sdn Bhd for proposed collaborations.

The collaborations are to develop Pantai Kok land and Pulau Rebak Kechik land in Langkawi, Kedah, and Pekan Nenas Land 1 and 2 in Pontian, Johor.