Flagship 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 MoreKUALA LUMPUR (Aug 21): The Ministry of Housing and Local Government (KPKT) has submitted 33 proposals worth almost RM1 billion to the Ministry of Finance for the 2025 Budget Initiative, said Minister Nga Kor Ming. (pictured) He said the high-impact proposal was submitted when he was leading the ministry’s delegation to the Ministry of Finance….
Read MoreKUALA LUMPUR (Aug 21): Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a RM247.95 million contract from Sime Darby Property Bhd (KL:SIMEPROP) to construct two blocks of service apartments with a gross development value (GDV) of RM597.2 million in USJ 7, Subang Jaya, Selangor. Spanning 4.32 acres of land, Hype Residences features a 39-storey building comprising…
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 MoreMagma said it is consulting its solicitors and has sent a letter to the plaintiff’s solicitor as part of efforts to settle the matter amicably. KUALA LUMPUR (Aug 20): Magma Group Bhd (KL:MAGMA) said Impiana Selo Tioman Resorts Sdn Bhd, a 75%-owned unit of the hospitality group, is being sued by two individuals over an…
Read MoreKUALA LUMPUR (Aug 20): Batu Kawan Bhd (KL:BKAWAN) and its 47.9%-owned Kuala Lumpur Kepong Bhd (KL:KLK) posted higher earnings for the third quarter ended June 30, 2024 (3QFY2024), driven by stronger contribution from the plantation segment. The increase was attributed to higher selling prices and sales volumes of crude palm oil and palm kernel, lower…
Read MoreEcoFirst expects to commence development on the Kajang land in the first quarter of 2025, with the development period spanning three to four years. KUALA LUMPUR (Aug 19): EcoFirst Consolidated Bhd (KL:ECOFIRS) said it is acquiring a 4.51-acre piece of freehold land in Kajang for RM35 million to undertake a mixed development. The development will…
Read More“The Merdeka Square, the Sultan Abdul Samad Building and entire corridor will be turned into a heritage area.” PUTRAJAYA (Aug 20): The proposed new development around the Merdeka Square up to the National Mosque in Kuala Lumpur needs to emphasise the concept of Malay heritage, said Prime Minister Datuk Seri Anwar Ibrahim. Speaking at the…
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