KUALA LUMPUR (Sept 2): The family of the victim in the sinkhole incident in Jalan Masjid India left for India on Sunday (Sept 1) night, after the operation on search and rescue (SAR) was called off and entered the search and recovery phase on Saturday (Aug 31). Dang Wangi district police chief ACP Sulizme Affendy…
Read MoreKUALA LUMPUR (Sept 2): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), signed a memorandum of understanding (MOU) with Trendcell Sdn Bhd to open Jaya Grocer at Gamuda Cove in Kuala Langat. The store will be the anchor tenant of Cove Centrum, the commercial component of the township, and occupy 24,000 sq ft of…
Read MoreKUALA LUMPUR (Sept 2): Moody’s Analytics expects Bank Negara Malaysia (BNM) to leave its overnight policy rate (OPR) at 3% on Thursday. While that is still below where it was in early 2019, Moody’s Analytics said BNM is likely to leave rates on hold through to 2025. The central bank will give an update on…
Read MoreThe proposed placement involves up to 15.05% of its issued units, or 263 million new units, to investors to be identified later, Axis REIT said in an exchange filing. KUALA LUMPUR (Aug 30): Axis Real Estate Investment Trust (KL:AXREIT) is proposing a private placement to raise up to RM454.99 million for repayment of bank financing….
Read MoreOnce an abandoned project called Selayang Star City, the development is revived as 168 Park Selayang by the white knight Infra Segi. It now has a gross development value of RM945 million and consists of three residential towers and a two-storey community mall with a total lettable area of 235,500 sq ft. KUALA LUMPUR (Sept…
Read MoreIn the property segment, MRCB is planning some RM1.9 billion worth of property launches for 2024, pending planning approvals. KUALA LUMPUR (Aug 30): Malaysian Resources Corp Bhd’s (KL:MRCB) net profit for the second quarter surged more than fourfold to RM51.18 million from RM10.87 million a year earlier, as contribution from its construction segment doubled. Profit…
Read MoreKUALA LUMPUR (Sept 2): The Kuala Lumpur International Airport (KLIA) aerotrain, which links the satellite buildings with the main airport terminal, is expected to resume operations by Jan 31, 2025. This timeline is contingent on the successful completion of all necessary commissioning and testing, according to Transport Minister Anthony Loke Siew Fook. “Malaysia Airports Holdings…
Read MoreThe group said its wholly-owned unit, SkyWorld Development (Vietnam) Company Ltd, has entered into a memorandum of understanding (MOU) with SkyVenue Land Group Joint Stock Company, SkyBridge Company Ltd and the shareholders of SkyVenue to jointly develop the remaining plots of the Guocoland Commercial Complex project in Thuan An City. KUALA LUMPUR (Aug 30): Property…
Read MoreKUALA LUMPUR (Sept 2): Binastra Corp Bhd (KL:BNASTRA), formerly known as Comintel Corp Bhd, has secured a RM235.5 million contract from Mightyprop Sdn Bhd to undertake construction work for a 39-story serviced apartment in Petaling Jaya, Selangor. The scope of work for Binastra’s subsidiary, Binastra Builders Sdn Bhd, involves constructing a 39-story serviced apartment building…
Read MoreNo dividend was declared for the year. Ekovest last paid a dividend in FY2020. KUALA LUMPUR (Aug 30): Ekovest Bhd (KL:EKOVEST) narrowed its net loss to RM64.87 million for its fourth quarter ended June 30, 2024 (4QFY2024) from RM95.66 million a year earlier, helped by a turnaround in the performance of its associate. The associate’s…
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