KUALA LUMPUR (April 9): Datin Leong Kim Fong has emerged as a substantial shareholder in Eden Inc Bhd and TWL Holdings Bhd, after acquiring the shares of these two companies within a month. In a bourse filing on Monday, Eden Inc announced that Leong had acquired 35.21 million shares through private placement. This brought her…
Read MoreKUALA LUMPUR (April 9): Meridian Bhd was classified as a Practice Note 17 (PN17) affected listed issuer on Monday after the property developer’s external auditor expressed a disclaimer of opinion in its audited financial statements for the period ended Sept 30, 2023. A disclaimer of opinion simply means that an auditor does not express an…
Read MoreKUALA LUMPUR (April 9): Rakuten Trade said SkyWorld Development Bhd may extend its upward trajectory after breaking out from the pennant pattern on Monday. In a technical view note on Tuesday, the research house said that given the supportive technical reading in the relative strength index along with improving exponential moving averages (EMAs), coupled with…
Read MoreHe said the appellate court was of the view that the hotel had admitted to negligence, as its general manager Michael Monks had proposed a settlement. PUTRAJAYA (April 9): The Court of Appeal has ruled that a five-star hotel in Kuala Lumpur is liable for the death of a Chinese national at its swimming pool seven years…
Read MoreKUALA LUMPUR (April 9): The Ministry of Energy Transition and Water Transformation has introduced a new tiered pricing mechanism with lower rates for the Green Electricity Tariff (GET) programme set to a quota of 6,600 gigawatt-hours (GWh) this year. The new rates are set at 10 sen per kilowatt-hour (kWh) for domestic and non-domestic low-voltage users,…
Read MoreProperty developers push the concept of open plans as a way to deter from the space’s small square footage. Open plan living has emerged as a dominant design in Malaysian real estate. Though many were initially drawn to its sleek and airy appearance, the question remains whether an open-plan layout is really the best option…
Read MoreKUALA LUMPUR (April 9): Inta Bina Group Bhd has secured a contract worth RM348.92 million for a mixed development project in Shah Alam, Selangor. In a bourse filing on Monday, the construction outfit stated that its wholly owned subsidiary Inta Bina Sdn Bhd had accepted the letter of award from Eco Ardence Sdn Bhd to…
Read MoreKUALA LUMPUR (April 9): Professionals such as valuers, property managers and real estate agents have a bright future, in line with the growing demand seen in the real estate industry, National Institute of Valuation (Inspen) director Aina Edayu Ahmad said. She noted that as of the fourth quarter of 2023, the residential stock to be managed and transacted stood at…
Read MoreKUALA LUMPUR (April 5): KLCC Property Holdings Bhd (KLCCP) said it has on Friday made the first issuance of Sukuk Wakalah amounting to RM1.95 billion in nominal value under the RM5 billion programme, to finance the acquisition of a 40% stake in Suria KLCC Sdn Bhd. The Sukuk Wakalah has a tenure ranging from three…
Read MoreDevelopers are making strides but digitalisation is slow By Yanika Liew For the average person, social media today has rapidly taken over the role of information broker. With its own ecosystem for news ranging from celebrities to real-time business upheavals, platforms such as Instagram, Twitter and TikTok spearhead hot-button issues of today’s culture. So it…
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