Sinkhole: No damage to public property, access to KLIA terminals remains unaffected Malaysia Airports said that access to both KLIA terminals remains unaffected and flight operations, runways and the airside are also not impacted. SEPANG (Sept 25): No damage to public property has been reported following the sinkhole detected today on the road outside the…
Read MoreNCT Group partners RHB Banking Group to provide financing solutions for NCT Smart Industrial Park’s customers The collaboration will have customers of NCT Smart Industrial Park enjoy up to 90% financing with an interest rate of 3.9%. The collaboration marks the first time an industrial park in Selangor offers customers access to RHB’s range of…
Read MoreKUALA LUMPUR (Sept 26): Sime Darby Property Bhd (KL:SIMEPROP) has launched its Perfect 10 Sales Campaign, which will run till Oct 31, featuring properties from 10 locations within the developer’s townships. These locations include Kuala Lumpur, Shah Alam, Klang, Subang, Nilai, Sepang and Seremban. A press statement on Thursday said the campaign will encompass 10…
Read MoreBudget 2025 may see higher allocation for transport infrastructure despite tight finances — RHB IB The proportion of development expenditure to the transportation sub-sector under Budget 2025 could be “reasonably higher” than the 21.3% budgeted for this year, RHB IB said in its budget preview note. The government is also likely to give updates to…
Read MoreKUALA LUMPUR (Sept 24): Pesona Metro Holdings Bhd (KL:PESONA) has bagged a contract worth RM321.09 million to undertake the superstructure works of three blocks of condominiums in Jalan Bukit Kiara, Kuala Lumpur. The construction and trading group said the contract was awarded by the project developer, Sime Darby Property (Golfhome) Sdn Bhd, which is wholly…
Read MoreMagma proposes capital reduction, RM80m land buy from company owned by major shareholder and Lee Chong Wei 45% in Skyload is held by former national badminton player Datuk Wira Lee Chong Wei, who is one of two directors in the company KUALA LUMPUR (Sept 24): Magma Group Bhd (KL:MAGMA) said on Tuesday it is acquiring…
Read MoreKUALA LUMPUR (Sept 25): Analysts have maintained their positive stance on Scientex Bhd (KL:SCIENTX) after the group’s core earnings came mostly within expectations for the financial year ended July 31, 2024 (FY2024). Scientex’s FY2024 core profit after tax and minority interest of RM535.7 million was in line with BIMB Securities’ forecast at 100.1% and market…
Read MoreKUALA LUMPUR (Sept 24): The subsidence on Jalan Sultan Ismail in the federal capital, as shown in a viral video, was caused by a burst underground pipe that occurred early Monday morning, according to the Kuala Lumpur Fire and Rescue Department (JBPM). Its Operations commander Senior Fire Officer 1 Mohd Rozihafizam Othman said the department…
Read MoreBy Datuk Chang Kim Loong THE Minister of Housing and Local Government (KPKT) wants to proceed with the proposed Urban Redevelopment Act (URA), reasoning that redevelopment, rejuvenation or renewal of real estate within cities is necessary. KPKT proposes a 75% consent threshold for en-bloc sale for urban redevelopment, aligning with international standards like in Singapore….
Read MoreAn artist’s impression of Serasi Residences. PETALING JAYA: Sime Darby Property Bhd has topped out Serasi Residences, reaching the milestone of structural completion with the full completion targeted in February 2027. Comprising 1,428 units in three blocks, the freehold serviced apartment is a transit-oriented development (TOD), situated 400m from the Putra Heights LRT Station. With…
Read More
