KUALA LUMPUR (April 23): Building material wholesaler and distributor Unitrade Industries Bhd’s wholly-owned subsidiary Syarikat Logam Unitrade Sdn Bhd has entered into a collaboration agreement with Huawei Technologies (Malaysia) Sdn Bhd and JJ-LAPP (M) Sdn Bhd. Unitrade said in a statement on Monday that the agreement aims to advance solar adoption by pooling the collective…
Read MoreKUALA LUMPUR (April 23): Axis Real Estate Investment Trust (Axis REIT), which mainly manages offices and warehouses, will gain a boost in earnings with the proposed RM351.8 million industrial acquisitions in Bukit Raja, Selangor, analysts said. The acquisition of the Amsteel Mills Sdn Bhd properties is expected to generate a yield of 7% for the…
Read MoreKUALA LUMPUR (April 23): Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation. In a statement on Tuesday, MyCC chairman Datuk Seri Mohd Hishamudin Yunus said the commission…
Read MoreKUALA LUMPUR (April 23): Malaysia’s construction tender prices are expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner & Townsend. The report said there seems to be a positive…
Read MoreKUALA LUMPUR (April 23): Grade A prime office spaces continue to be in demand with improving vacancy and rental rates due to the flight to quality trend among tenants, according to JLL (Malaysia), as discussed in its JLL’s 1Q2024 Greater Kuala Lumpur Property Market Monitor launch on Tuesday. In her presentation, JLL (Malaysia) office leasing…
Read MoreKUALA LUMPUR (April 22): Kuala Lumpur City Hall (DBKL) today signed a Letter of Intent (LoI) with Hangzhou Municipal People’s Government, focusing on Smartup City Connect cooperation. Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa said the collaboration is a historic moment for Malaysia and the People’s Republic of China as this…
Read MoreKUALA LUMPUR (April 22): Bangsar has long been known to be an area that hosts a comprehensive range of amenities, but does that make it a self-contained neighbourhood? Using the latest data, EdgeProp Malaysia uncovered the figures to verify the extent of this perspective. “From an urban planning perspective, we have to remember that this…
Read MoreKUALA LUMPUR (April 19): Hong Leong Investment Bank (HLIB) said Kimlun Corp Bhd’s earnings is primed for promising prospects in FY2024-25, underpinned by an unbilled orderbook of RM2.48 billion (3.0x cover on FY2023 revenue and the highest achieved since FY2018), with 85% dedicated to construction and the remaining to precast manufacturing. In a technical tracker…
Read MoreKUALA LUMPUR (April 18): Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023). This would equate to a payout of RM287.78 million, based on the bank’s share base of 8.22 billion shares as at end-December 2023, according to MBSB’s bourse filing on…
Read MoreKUALA LUMPUR (April 18): Malaysia’s current tallest building, the Merdeka 118 tower, has been awarded the Leadership in Energy and Environmental Design (LEED) Platinum certification in the LEED v2009 Core and Shell rating system, marking it as the first megatall building in the country to achieve it, according to a press statement on Thursday. For…
Read More
