The station was opened in 2001 with a capacity of 100,000 passengers per day after development costing over RM1 billion, but now handles some 200,000 passengers daily. KUALA LUMPUR (Oct 24): Negotiations over the redevelopment of major transport hub Kuala Lumpur Sentral are expected to be completed this year, paving the way for the project’s…
Read MoreKUALA LUMPUR (Oct 24): CapitaLand Malaysia Trust (KL:CLMT) posted a 6.3% increase in its third quarter net property income (NPI) from last year’s corresponding period, underpinned by better NPI from Gurney Plaza, Queensbay Mall, East Coast Mall and Valdor Logistics Hub. CLMT’s NPI for the third quarter ended Sept 30, 2024 (3QFY2024) increased to RM61.99…
Read MoreKUALA LUMPUR (Oct 24): Pavilion Real Estate Investment Trust (KL:PAVREIT) saw its net property income (NPI) rise 8.65% to RM131.86 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM121.35 million a year ago, due to lower property operating expenses, primarily driven by the reversal of doubtful debts provision. However, this was offset…
Read MoreKUALA LUMPUR (Oct 23): Sunsuria Bhd (KL:SUNSURIA) has launched Concord College International School Malaysia (CCIS) in Sunsuria City, Sepang, Selangor. CCIS is the first international school in Asean modelled after the Concord College, an independent day and boarding school in Shropshire, England. The first of three CCIS campuses to be set up by Sunsuria across…
Read MoreKUALA LUMPUR (Oct 23): Property developer Glomac Bhd (KL:GLOMAC) has urged the government to start the implementation of mandatory Employees Provident Fund (EPF) contribution by foreign workers, as announced in Budget 2025, later rather than sooner. “We were caught by surprise (with the mandatory EPF contribution). We were not ready for this. I was hoping…
Read MoreKUALA LUMPUR (Oct 23): Construction and engineering company LFE Corp Bhd (KL:LFECORP) said on Wednesday that it has secured a related-party construction contract worth RM81.71 million. The contract was awarded to its wholly owned unit, LFE Engineering Sdn Bhd, by Puncakcity Development Sdn Bhd, said LFE Corp in a bourse filing on Wednesday. LFE Engineering…
Read MoreKUALA LUMPUR (Oct 23): Protasco Bhd (KL:PRTASCO) said on Wednesday that an affordable housing project awarded by Perbadanan Putrajaya in 2022 has been revised with a new name and with a lower number of units. In a filing with Bursa Malaysia, Protasco said the initial letters of award received by its wholly-owned subsidiary Protasco Development…
Read MoreKUALA LUMPUR (Oct 24): It is hard to imagine that there are pockets of areas around the city centre that still maintain low prices for subsales. Sentul is one such rare gem, being a neighbourhood that still strikes a balance between budget and location. With a healthy supply of low-density subsale projects in close proximity…
Read MoreAt the recent Schneider Electric’s Innovation Day Kuala Lumpur 2024 event were (from Left) are Kenny, Ng, Verma, Aylwin and Chin. KUALA LUMPUR: Schneider Electric, a global leader in energy management and automation, has urged the modernisation of ageing buildings in Malaysia as a crucial measure to reduce carbon emissions. With half of today’s buildings…
Read MoreKUALA LUMPUR (Oct 22): SkyWorld Development Bhd won multiple awards at the QUEST 2024 event organized by the Construction Industry Development Board (CIDB) Malaysia, today. SkyWorld’s The Valley, SkySierra at Setiawangsa, took home the coveted “Anugerah Utama,” and was recognized for excellence in MyCREST (Malaysian Carbon Reduction and Environmental Sustainability Tool), QLASSIC (Quality Assessment System…
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