KUALA LUMPUR (Aug 29): Property developer Paramount Corp Bhd (Paramount) would like the government to continue taking a balanced approach to support property sector growth, especially in expediting project approvals. Group chief executive officer Jeffrey Chew Sun Teong (pictured) said in a Budget 2025 wishlist response that project delays would significantly increase costs while benefitting…
Read MoreKUALA LUMPUR (Aug 29): Prime Minister Datuk Seri Anwar Ibrahim (pictured) said that a city’s greatness is measured by its government’s ability to serve and safeguard the interests of all its residents, irrespective of their socioeconomic status. “You cannot build a city that separates its people… I used to know individuals who took pride in…
Read MoreKUALA LUMPUR (Aug 28): The 2024 Merdeka Eve celebrations organised by the Kuala Lumpur City Hall (DBKL) which was scheduled to take place at Dataran Merdeka on Aug 30 has been cancelled. DBKL in a post on its Facebook page announced that the cancellation was out of respect for the sinkhole victim and a number…
Read MoreKUALA LUMPUR (Aug 28): KLCCP Stapled Group Bhd (KL: KLCC) said its second quarter net profit rose 5.67% to RM191.06 million from RM180.8 million a year ago, on the back of commendable performances from all businesses, especially the retail and hotel segments. The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment…
Read MoreMadani housing projects must include living comfort, essential amenities, says Anwar Prime Minister Datuk Seri Anwar Ibrahim: “Every housing project for low- and medium-income groups must be able to provide them with living comfort, meaning that there should be a little green area if not big, a playground for the children, a hall for the…
Read MoreKUALA LUMPUR (Aug 29): As the challenges faced by the construction industry are more complex than ever, Master Builders Association Malaysia (MBAM) president Oliver Wee Hiang Chyn urges industry players to embrace the disruption of technology and advocate for sustainability. In his welcoming address at the launch of the 10th edition of the Malaysia International…
Read MoreFT minister confirms new construction approvals in KL suspended after sinkhole incidents Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa: “We hold off [on the new project approvals] for now until we establish a task force.” KUALA LUMPUR (Aug 28): Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa (pictured)…
Read MoreIndia’s Eros Investments to invest US$1b in AI park, film studio in Malaysia, says Gobind The proposed investment is anticipated to feature an AI university and data centre within the park, and could generate 5,000 jobs over the next five years. KUALA LUMPUR (Aug 29): India’s Eros Investments Ltd, along with its Immerso AI-IP division,…
Read MoreThe proposed development will comprise 491 units of PR1MA Homes. In consideration of the development rights, SkyWorld will pay PR1MA RM32,170,000. KUALA LUMPUR (Aug 29): SkyWorld Development, via wholly owned subsidiary Aspirasi Cekap Sdn Bhd (ACSB), has received a letter of acceptance (LOA) from PR1MA to build homes in Brickfields. The proposed development will comprise…
Read MoreThis is mainly due to higher income as a result of higher progress billing, unrealised gain on quoted shares and lower finance cost following debt reduction initiatives. PETALING JAYA (Aug 29): Tropicana Corp Bhd’s profit before tax (PBT) for Q22024 rose to RM76.1 million compared to RM1.8 million in the corresponding quarter last year. This…
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