KUALA LUMPUR (Aug 22): PropNex Malaysia will be showcasing seven homes in the Klang Valley in its open house this weekend (Aug 24 and 25). Do feel free to drop by if you are interested in investing in any of these properties. PropNex Malaysia’s real estate negotiators will be available to guide you around and…
Read MoreRadium Development achieves revenue of RM30.6 million for 2QFYE2024, balance sheet remains robust As at June 30, 2024, Radium’s balance sheet remains robust, sporting a cash position of RM278.9 million with a gross gearing ratio of 0.04 times, against shareholders’ funds of RM756.0 million. KUALA LUMPUR (Aug 23): Radium Development Bhd recorded revenue of RM30.6…
Read MoreKUALA LUMPUR (Aug 23): The demand for heavy machinery in construction and mining is poised to grow exponentially moving forward, driven by ambitious infrastructure projects, urban expansion and the need to extract and utilise resources more efficiently. However, this growth must be managed responsibly, with a keen awareness of the environmental and social impacts, said…
Read MoreKUALA LUMPUR (Aug 21): Glomac Bhd (KL:GLOMAC) plans to raise up to RM3 billion through a sukuk wakalah programme to finance land acquisition, refinance debts and fund capital expenditure. In a bourse filing, the property developer said it completed the lodgement of the programme with the Securities Commission Malaysia on Wednesday. The first issuance under…
Read MoreKUALA LUMPUR (Aug 21): The Housing and Local Government Ministry (KPKT) said it is planning the setting up of escrow accounts for housing projects, in order to ensure payments by homebuyers are used exclusively for housing projects that they have bought. An escrow account is an account in which funds are held by a third…
Read MoreKUALA LUMPUR (Aug 22): The High Court here has allowed a discovery application by the Federal Land Development Authority (Felda) and Felda Investment Corporation Sdn Bhd (FIC) to obtain two classified documents in their suit against Synergy Promenade Sdn Bhd regarding vacant possession of the Jalan Semarak land. Judicial Commissioner Eddie Yeo had allowed the…
Read MoreFlagship projects totalling over RM2 billion launched in 2023 are still in the early stages of development, which will significantly bolster the company’s unbilled sales and provide strong revenue visibility moving forward. KUALA LUMPUR (Aug 22): UEM Sunrise Bhd achieved revenue of RM205.2 million and a sales achievement of RM269.8 million for the second quarter…
Read MoreKUALA LUMPUR (Aug 22): The launch of the Amazon Web Services (AWS) Asia Pacific (Malaysia) Region will allow local businesses to store and process their data within the country, said AWS Malaysia country manager Pete Murray in an interview with Digital Edge. This will facilitate faster application performance and better user experience can be achieved…
Read MoreThe Economist Intelligence Unit (EIU) in a report on Wednesday highlighted the importance of reliable power for DCs, citing power issues and ‘struggling grids’ in other parts of the world. KUALA LUMPUR (Aug 21): With data centres (DCs) straining national power grids elsewhere, prompting Big Tech to explore alternative power sources to reduce emissions, Malaysia…
Read MoreKUALA LUMPUR (Aug 20): The government intends to enhance public transport services of Keretapi Tanah Melayu Bhd (KTMB) by increasing its passenger train assets, Transport Minister Anthony Loke Siew Fook said. Loke also gave his assurance that the addition of 62 new passenger train sets, with an estimated cost of RM10.7 billion, would not negatively…
Read More
