KUALA LUMPUR (June 11): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has announced that its redevelopment plans for the 75 London Wall building in London with UK-based real estate investors Castleforge Partners have been approved. According to a press statement on Tuesday, 75 London Wall, which was earlier referred to as Winchester House and…
Read MoreKUALA LUMPUR (June 11): Malaysia’s wholesale and retail sales accelerated and grew 6.6% in April from a year earlier led by retail sales in non-specialised stores, official data on Tuesday showed. Wholesale and retail trade totaled RM144.9 billion in April, the Department of Statistics Malaysia said in a statement. The pace of sales growth was…
Read MoreKUALA LUMPUR (June 10): The government is focusing on efforts to boost public transport networks, infrastructure and quality of service, Prime Minister Datuk Seri Anwar Ibrahim said on Monday. He shared that the matter was discussed during Monday’s National Economic Action Council (MTEN) meeting 4/2024, during which the importance of immediate implementation of the rationalisation…
Read MoreKUALA LUMPUR (June 10): Sime Darby Property Bhd (KL:SIMEPROP) is collaborating with Technogym Malaysia to integrate fitness equipment and solutions into Sime Darby Property’s developments for a 60-month period, with the flagship facility at KLGCC. “We are thrilled to embark on this health and wellness journey with Technogym. By combining Sime Darby Property’s expertise in…
Read MoreKUALA LUMPUR (June 10): The federal government has agreed in principle to grant a 20-year concession for the operation and maintenance management of Kuala Lumpur Tower to construction company Lim Seong Hai Capital Bhd (KL:LSH) and its joint venture (JV) partner. In a filing on Monday, LSH Capital said that its subsidiary, LSH BEST Builders…
Read MoreKUALA LUMPUR (June 7): Prime Minister Datuk Seri Anwar Ibrahim (pictured) said on Friday that the government will adopt the Building Information Modelling (BIM) system for projects undertaken by the government and the private sector. BIM is the holistic process of creating and managing information for a built asset, based on an intelligent three-dimension model…
Read MoreKUALA LUMPUR (June 10): Shares of Binastra Corp Bhd (KL:BNASTRA) broke a new record high on Monday, after the company announced a construction contract win worth RM315 million. Binastra surged as much as 10% or 11 sen to RM1.21 in morning trades, their highest since listing in August 2004. The stock was trading at RM1.16…
Read MoreKUALA LUMPUR (June 8): The Works Ministry on Saturday confirmed that there are no structural cracks in the crosshead of the Setiawangsa-Pantai Expressway (SPE) interchange on Jalan Cheras. In a brief statement posted on X, formerly Twitter, the ministry informed that an inspection conducted at 11.30pm on Friday revealed only construction joint lines, remnants from…
Read MoreKUALA LUMPUR (June 7): Bursa Malaysia Securities has publicly reprimanded Top Builders Capital Bhd, which is engaged in civil and building construction, and fined eight of its directors a total of RM405,750 for breaching listing rules. Top Builders had failed to issue its annual report including audited financial statements for the financial year ended June…
Read MoreKUALA LUMPUR (June 10): The Malaysian REIT Managers Association (MRMA) has appointed Leong Kit May, the chief executive officer (CEO) of Axis REIT Managers Bhd, as its new chairman. Leong succeeds Datuk Philip Ho — the CEO of Pavilion REIT Management Sdn Bhd — who served as the association’s chairman from June 16, 2022 to…
Read More
