KUALA LUMPUR (July 1): With the appointment as the new manager of Amanah Hartanah Bumiputera (AHB) fund effective Monday, PHB Asset Management Bhd (PHBAM) announced that it will scale the AHB fund from RM5 billion to RM20 billion by 2030. According to the press statement issued on Monday, PHBAM, the wholly-owned subsidiary of Pelaburan Hartanah…
Read MoreKUALA LUMPUR (June 28): Property developer UEM Sunrise Bhd said it will file an appeal with the High Court here after the Special Commissioners of Income Tax ruled in favour of the Inland Revenue Board (IRB) that the additional tax and penalty totalling RM73.84 million are to be maintained. On Oct 3, 2011, UEM Sunrise’s…
Read MoreKUALA LUMPUR (June 28): Sentoria Group Bhd (KL:SNTORIA) announced on Friday that its chief executive officer (CEO) Datuk Loh Yuen Tuck will resume his duties immediately after a one-month suspension, due to alleged misconduct. “The board further announced that the company has decided to proceed with the inquiry and discussion internally with the affected parties…
Read MoreKUALA LUMPUR (June 28): PropNex Malaysia is gearing up for the Malaysia Property Xpo 2024, poised to highlight exciting property deals and offer insights into current market trends. Chief project officer of PropNex Malaysia Steve Tong (pictured) revealed that PropNex’s criteria for evaluating and acquiring new project deals focus on the project’s potential and the…
Read MoreKUALA LUMPUR (June 27): The Selangor Malaysian Anti-Corruption Commission (MACC) arrested the former chief financial officer (CFO) and the former chief operating officer (COO) of a real estate company on suspicion of submitting false claims for about RM100,000. An MACC source said both of them, a woman and a man in their 30s, were arrested…
Read MoreBy Joseph Wong Despite the property market experiencing multiple critical calamities over the past few years, from a slowdown to a global pandemic, many property developers have successfully weathered these storms. They are proactively taking steps to prepare for future challenges. With strategic measures in place, they are well-positioned to navigate even more challenging times…
Read MoreKUALA LUMPUR (June 27): YNH Property Bhd (KL:YNH) said the conditional period of the sale and purchase agreement for it to sell 163 Retail Park to Sunway Real Estate Investment Trust (Sunway REIT) (KL:SUNREIT) has been extended by three months to Sept 26. The conditional period ended on Thursday (June 26). This is the second…
Read MoreKUALA LUMPUR (June 28): The RiverCity recently showcased murals created by students from the Dasein Academy of Art. The mural project, held from June 12 to June 15, involved 34 students from the academy, guided by three lecturers. The students worked in groups to create murals themed around Malaysian food, landmarks, and culture. “As part…
Read MoreNCT Group inks deals with KDEB Waste Management, Mentari Alam EKO to bolster offerings at smart industrial park The NCT Smart Industrial Park is the country’s first managed industrial park located in Selangor’s Integrated Development Region in South Selangor. KUALA LUMPUR (June 28): Property developer NCT Group’s unit NCT Smart Management Sdn Bhd (NCT Smart…
Read MoreLead, chemicals and fire are some of the many hazards that could pose a huge threat to worker health. Construction sites are a constant prong of dust and disaster, and hazardous conditions such as these will inevitably have short-term and long-term consequences on health. Lead, chemicals and fire are some of the many hazards that…
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