KUALA LUMPUR (June 20): In line with its ongoing commitment to promote responsible short-term rental activities in Malaysia, Airbnb on Thursday unveiled its Guide to Responsible Hosting in Buildings for short-term rental accommodations (STRA) in strata buildings. According to a press statement issued on Thursday, the guide provides strata hosts, property managers, joint management bodies…
Read MoreKUALA LUMPUR (June 20): Eco World Development Group Bhd (KL:ECOWLD) reported an 11.7% increase in net profit to RM70 million for the second quarter ended April 30, 2024 (2QFY2024), up from RM62.7 million a year ago, driven by higher revenue and cost savings in completed and near-completion development projects. Earnings per share rose to 2.38…
Read MoreKUALA LUMPUR (June 20): Malton Bhd has partnered with RHB Banking Group to offer green home financing options for River Park, Bangsar South homebuyers. Through RHB’s innovative Green Home Financing programme, River Park buyers can enjoy a loan margin of up to 95%, along with a 5% MRTA/MRTT/FEC (Mortgage Reducing Term Assurance/Mortgage Reducing Takaful Term/Finance…
Read MoreKUALA LUMPUR (June 18): LBS Bina Group Bhd has exited its investment in Chinese motor circuit company Zhuhai International Circuit Ltd (ZICL) after more than a decade, as it sold its stake in Lamdeal Investments Ltd (LIL), which owns a 60% stake in ZICL, for 192.18 million yuan (RM124.74 million) cash. ZICL was formed in…
Read MoreKUALA LUMPUR (June 20): Courtyard by Marriott opened its latest hotel, Courtyard by Marriott Kuala Lumpur South, on Thursday. The hotel is situated on Jalan Puchong, Kuala Lumpur, and is part of the 5.2-acre (2.1-hectare) Bloomsvale @ OKR mixed development by Kerjaya Prospek Property Bhd. “We are excited to launch Courtyard by Marriott Kuala Lumpur…
Read MoreKUALA LUMPUR (June 19): Construction work for the 665km-long East Coast Rail Link (ECRL) project has been running smoothly and reached 67% completion despite several hiccups and challenges throughout its development and implementation phases. Aimed at improving connectivity and stimulating economic development, the project traversing Kelantan, Terengganu, Pahang and Selangor, is set to be an…
Read MoreKUALA LUMPUR (June 18): Bursa Malaysia Bhd (KL:BURSA) said it is in final negotiations with the developer of The Exchange 106 at Tun Razak Exchange (TRX) to move its headquarters to TRX. The announcement confirmed The Edge Malaysia weekly’s report published for the week of June 17-23, 2024, which stated that Bursa planned to move…
Read MoreKUALA LUMPUR (June 18): Construction engineering company Nestcon Bhd (KL:NESTCON) has bagged two high-rise building projects in the Klang Valley worth a total of RM165.56 million. In a bourse filing on Tuesday, Nestcon said it was awarded a RM103.5 million contract by Sunrise Charm Sdn Bhd to construct a 45-storey mixed commercial development comprising strata…
Read MoreKUALA LUMPUR (June 18): Malayan United Industries Bhd (MUI) (KL:MUIIND) has secured a term loan facility of up to £152.5 million (RM912.16 million) from CF Hyde Park LP to refinance its existing term loan facility of its Corus Hyde Park Hotel in London, UK. The facility will also be used to finance the renovation and…
Read MoreKUALA LUMPUR (June 18): The Aerotrain Replacement Project at Kuala Lumpur International Airport (KLIA) is slated to be completed by Jan 31, 2025, two months ahead of the project’s original planned completion date, said Malaysia Airports Holdings Bhd (MAHB) (KL:AIRPORT). The airport operator said that this expedited timeline was finalised through a contract signed on…
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