KUALA 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…
Read MoreKUALA LUMPUR (June 19): Seremban-based property developer Matrix Concepts Holdings Bhd (KL:MATRIX) has inked a second joint venture (JV) with NS Corp to develop new prime land in Malaysia Vision Valley 2.0 (MVV2.0) into a sustainable township in a deal worth RM435.6 million. In a statement, Matrix Concepts said it had entered into a land…
Read MoreKUALA LUMPUR (June 18): A recently held forum on the proposed Urban Redevelopment Act (URA) turned intense when the lower rate of consent threshold was brought up. Although the conditions for the URA have not been finalised yet, Town and Country Planning Department (PLANMalaysia) director TPr Zamirzan Puji said that the new Act is to…
Read MoreBy Joseph Wong In the bustling heart of urban jungles, where concrete towers pierce the sky and traffic hums incessantly, pockets of green serenity offer a breath of fresh air. Parks, often considered the lungs of a city, provide more than just recreational spaces – they significantly impact the real estate industry. Parks transform neighbourhoods,…
Read MoreBy Joseph Wong Malaysia has long benefited from its strategic partnership with China, particularly in sectors where China excels such as construction and housing, artificial intelligence (AI), the auto industry, fintech and high-speed trains. However, the economic challenges faced by China over the last three years have raised questions about the sustainability of this relationship….
Read MoreContributed by Datuk Chang Kim Loong Is the Ministry of Housing and Local Government (KPKT) capable of monitoring and taking on the challenge of the proposed Urban Renewal Act in the name of redevelopment? With the current number of abandoned housing schemes or problematic projects, have the authorities not failed in their gatekeeper role? Resolve…
Read MoreKUALA LUMPUR (June 18): Malaysia’s retail sales rebounded in the first quarter of this year (1Q2024), thanks mainly to the Chinese New Year festival and month-long school holiday, though growth may slow in the next three months, according to Retail Group Malaysia (RGM). Retail sales grew 7.8% in January-March 2024 when compared to the same…
Read MoreKUALA LUMPUR (June 18): Berjaya Corp Bhd (KL:BJCORP) said on Tuesday it has signed separate agreements with two Chinese firms to explore sales collaboration in Malaysia and Southeast Asia. Under the memorandum of cooperations, the company will explore using its distribution network in Malaysia to boost the reach of home appliance maker Skyworth Group Co…
Read MoreKUALA LUMPUR (June 15): Kerjaya Prospek Property Bhd (KL:KPPROP), via its wholly owned subsidiary Kerjaya Property Sdn Bhd, has officially opened Bloomsvale Shopping Gallery on Jalan Puchong, Kuala Lumpur, in a door-opening ceremony on Saturday. “Bloomsvale Shopping Gallery is not just a retail space; it is the pinnacle of our commitment to innovation, quality, and…
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