KUALA LUMPUR (March 13): Retirement Fund Inc (KWAP) emerged as a substantial shareholder in CTOS Digital Bhd amid heavy selling pressure on Tuesday (March 12) following an unfavourable outcome towards the group in a legal dispute. Stock exchange filings showed that the Malaysia’s public sector pension fund bought 28.81 million shares on the open market,…
Read MoreKUALA LUMPUR (March 12): Boustead Properties Bhd, via its subsidiary Boustead DCP Sdn Bhd, has formed a partnership with Opus International (M) Bhd via its subsidiary Opus Energy Sdn Bhd on March 11 for sustainable energy solutions. Opus International is a wholly owned subsidiary of UEM Edgeneta Bhd. A joint statement on Tuesday said there…
Read MoreKUALA LUMPUR (March 12): Eversendai Corp Bhd said its unit is currently in talks with the Inland Revenue Board (IRB) to withdraw the winding-up petition initiated by the IRB, following the settlement of the amount allegedly owed. Its wholly owned unit Eversendai Engineering Sdn Bhd (EESB) received the winding-up petition letter from IRB on Feb…
Read MoreKUALA LUMPUR (March 12): CTOS Digital Bhd on Tuesday said it is business as usual for the group as the recent court decision against its subsidiary does not prevent it from continuing to provide credit score services. “Regardless of the timing of this case, we will continue to operate and provide the information to financial…
Read MoreKUALA LUMPUR (March 12): Artificial Intelligence (AI) and digital technology are revolutionising the property industry, but implementing automated valuation models (AVMs) poses a challenge according to Arina Kok, partner, Climate Change and Sustainability Services, Ernst & Young Consulting Sdn Bhd at the 2024 Malaysian Housing, Urban Development and Property Summit that was held recently. She…
Read MoreKUALA LUMPUR (March 13): SkyWorld Development Bhd won its second consecutive award at the prestigious FIABCI Malaysia Property Awards 2023 held on March 9. The award was bestowed upon SkyWorld for its high-rise residential development, SkyAwani 3 Residences. Nestled in the vibrant locale of Setapak, Kuala Lumpur, SkyAwani 3 Residences has a QLASSIC score of…
Read MoreKUALA LUMPUR (March 13): Avaland Bhd (formerly known as MCT Bhd) topped out its Casa Embun Phase 1 in Cybersouth on Wednesday. A press statement on Wednesday said the project has achieved a take-up rate of 99% since its launch in 1Q2023. With a gross development value (GDV) of RM209 million, Casa Embun Phase 1…
Read MoreKUALA LUMPUR (March 13): Construction group Eversendai Corp Bhd has secured four new projects worth RM5.4 billion in Saudi Arabia, the United Arab Emirates and India. With these new projects, its current outstanding order book rises to a record high of RM6.6 billion, according to its filing to Bursa Malaysia on Wednesday. The project in…
Read MoreKUALA LUMPUR (March 13): The Ministry of Housing and Local Government (KPKT) will issue a confirmation letter regarding the status of Residensi Hektar Gombak, proposing several measures to alleviate the burden of affected buyers in this ailing housing project. Deputy Minister Datuk Aiman Athirah Sabu (pictured) stated that the confirmation letter would recommend financial institutions…
Read MoreKUALA LUMPUR (March 12): A total of 182 projects, worth RM4.63 billion, carried out under the Ministry of Works had been completed, said Works Minister Datuk Seri Alexander Nanta Linggi (pictured). He said only 21 projects or 2.8% of the 730 projects under construction in 2023 were classified as sick projects. “The number of sick projects is…
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