KUALA LUMPUR (Aug 14): Malaysia plans to pursue a US$2.4 billion deal to acquire new passenger trains for state rail company Keretapi Tanah Melayu Bhd (KTMB) via a leasing agreement with China, the transport minister said on Wednesday. In the first phase from 2024 to 2027, the government aims to acquire 62 new passenger train…
Read MoreKUALA LUMPUR (Aug 14): Solarvest Holdings Bhd (KL:SLVEST) and NCT Group of Companies have commenced phase one of their solar-ready industrial park project at the NCT Smart Industrial Park (NSIP) in Sepang. Phase one of the development project will consist of over 270 factories, and it will be the first solar-ready industrial park in the…
Read MoreKUALA LUMPUR (Aug 13): MyTOWN Shopping Centre has achieved an occupancy rate of 98%, following the entry of 27 new tenants in 1H2024, according to a press statement dated Aug 12. The new tenants include Victor Malaysia, Infinity by DeGem, Alha Alfa, HONOR, Famous Amos, Bask Bear Coffee & Toasties, Coffee Bean & Tea Leaf,…
Read MoreKUALA LUMPUR (Aug 13): Encorp Bhd (KL:ENCORP), in which Felda Investment Corp Sdn Bhd (FIC) owns 67.13%, has suspended group chief executive officer (GCEO) Hazurin Harun with immediate effect. This suspension is to facilitate an internal investigation process “relating to allegations made involving Malaysian Anti-Corruption Commission, resulting in the powers, authorities and functions vested in him…
Read MoreIts future depends on balancing modernisation with cultural preservation, serving as a key example of blending tradition with progress by AKMAR ANNUAR & NURUL NAJMIN ABU BAKAR KUALA Lumpur’s Golden Triangle is undergoing a profound shift towards modernisation, clashing between preserving cultural heritage and embracing global financial ambitions. The area was known as a melting…
Read MoreKUALA LUMPUR (Aug 12): The proposed development of a port city on Carey Island could significantly boost the land value of SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, over time to the tune of RM7.1 billion, according to Maybank Investment Bank (Maybank IB). SD Guthrie owns 11,000 hectares or about 85%…
Read MoreKUALA LUMPUR (Aug 12): Kumpulan Kitacon Bhd (KL:KITACON) has secured a contract worth RM111.23 million for the construction of factories and industrial facilities in Klang, Selangor. In a filing with the bourse, the construction firm said that its wholly-owned subsidiary, Kitacon Sdn Bhd, had accepted a Letter of Award from Sime Darby Property (Bukit Raja)…
Read MoreKUALA LUMPUR (Aug 9): Prime Minister Datuk Seri Anwar Ibrahim on Friday said that there is a need for the government to relook from a legal point of view into the High Court’s decision in favour of Semantan Estate Sdn Bhd in the dispute involving 106.5 hectares of land in Mukim Batu. The prime minister…
Read MoreKUALA LUMPUR (Aug 8): Analysts have trimmed their earnings forecasts for Sentral REIT (KL:SENTRAL), following a lease expiry at Menara Shell in May, but see limited downside risk to occupancy rates in the medium term. Calls on the REIT’s units remained mixed following the latest quarterly results, although analysts flagged its appealing distribution yield as…
Read MoreKUALA LUMPUR (Aug 8): MK Land Holdings Bhd (KL:MKLAND) said on Thursday it has reached a settlement with the tax authority that would cut the additional bills and penalty imposed on its unit by nearly 85%. Under the settlement agreement with the Inland Revenue Board, the taxes payable by Saujana Triangle Sdn Bhd would be…
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