Vital housing decision tomorrow on whether ruling in Ang Ming Lee case has retrospective effect Central to the issue is the liquidated ascertained damages (LAD) claimed by the homebuyers, purportedly for late delivery of the property, despite being granted the EOT by the government before the SPA was signed. KUALA LUMPUR (July 25): Come Friday…
Read MoreKUALA LUMPUR (July 25): The Kuala Lumpur City Hall (DBKL) has implemented a periodic monitoring mechanism to evaluate high-risk and aged trees, particularly along the main roads of the capital. Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa stated that the assessment of high-risk trees is conducted in three stages, with the…
Read MoreKUALA LUMPUR (July 24): Gadang Holdings Bhd’s (KL:GADANG) net loss narrowed to RM9.37 million for its fourth quarter ended May 31, 2024 (4QFY2024) from RM27.7 million a year ago, as revenue expanded due to higher contributions from its construction division. Revenue rose 32% to RM150.5 million from RM114 million, according to the construction firm’s bourse…
Read MoreKUALA LUMPUR (July 24): CapitaLand Malaysia Trust (KL:CLMT) posted a 15.2% jump in its second quarter net property income from the same quarter a year ago, as most of the malls within its portfolio recorded higher revenue as a result of positive rental reversions and higher occupancies. CLMT’s net property income for the second quarter…
Read MoreMoney a big deterrent to sustainable refurbishment By Yanika Liew It comes as no surprise that of all the barriers to sustainable refurbishment of Malaysia’s existing buildings, most of it comes down to the financial factor. From the joint management bodies to the developers and the residents, maintenance and refurbishment is a never-ending problem for…
Read MoreKUALA LUMPUR (July 23): Axis Real Estate Investment Trust’s (KL:AXREIT) (Axis REIT) second quarter net property income (NPI) increased 12.86% to RM65.95 million from RM58.44 million a year ago, on the back of higher revenue. Revenue for the quarter ended June 30, 2024, rose 11.8% to RM76.53 million from RM68.45 million in the previous corresponding…
Read MoreKUALA LUMPUR (July 24): Hong Leong Investment Bank (HLIB) Research has maintained its ‘buy’ rating for Axis REIT (KL:AXREIT) at RM1.87, with a lower target price of RM2.03 (from RM2.04), saying the real estate investment trust’s quarterly core net profit of RM39.6 million, which was 1.1% lower quarter-on-quarter but 17.2% higher year-on-year, brought the sum…
Read MoreKUALA LUMPUR (July 23): Grand Central Enterprises Bhd (KL:GCE), which operates hotels under the Grand Continental brand, said on Monday it has received a buyout offer worth RM90.62 million from its major shareholders as part of a delisting plan. Tan Chee Hoe & Sons Sdn Bhd and Hotel Grand Central Limited — which together hold a…
Read MoreMalaysia Airports, Menteri Besar Selangor Incorporated ink MOU to develop Subang Airport’s Zones 3 and 4 Randhil said that by combining its resources and expertise, it aims to drive sustainable economic growth and create new opportunities for the local community. KUALA LUMPUR (July 23): Malaysia Airports Holdings Bhd (KL:AIRPORT) has signed a Memorandum of Understanding (MoU)…
Read MoreHome Ministry to review Forbes report naming KL as fifth most dangerous city to visit in Southeast Asia “Regardless of the analysis, the commitment of the Royal Malaysian Police is towards ensuring public safety and order, and this is under our purview.” PUTRAJAYA (July 23): Home Minister Datuk Seri Saifuddin Nasution Ismail on Tuesday said…
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