KUALA LUMPUR (March 6): Malaysia’s auditor general on Wednesday flagged going concerns issues at two federal government agencies Federal Land Development Authority (Felda) and PR1MA Corp Malaysia. Both Felda and PR1MA face “going concern” issues — an accounting parlance that casts doubt on an organisation’s resources and income to stay afloat — based on levels…
Read MoreDevelopment on Malay reserve land in Selangor only for public infrastructure projects — MB He said among the public infrastructure development projects carried out on such land are the construction of the East Coast Rail Link (ECRL) project and Kuala Lumpur International Airport (KLIA), with replacements made according to the same type of Malay reserve…
Read MoreKUALA LUMPUR (March 5): Nextgreen Global Bhd has proposed a private placement of up to 102.57 million shares, representing 10% of its issued share capital, to yet-to-be-identified third-party investors with the issue price to be determined later. Based on an illustrative issue price of 90 sen per placement share, the exercise is expected to raise…
Read MoreKUALA LUMPUR (March 5): EcoFirst Consolidated Bhd is selling a piece of vacant land in Shah Alam at a loss to HCK Capital Group Bhd, saying the disposal will release it from the burden of monthly loan instalments of about RM1.35 million to its financier. The proposed disposal, at RM34 million, “would be a great stress…
Read MoreKUALA LUMPUR (March 5): Gamuda Land, the property arm of Gamuda Bhd, will be bringing new food and beverage (F&Bs) and education-related tenants within Gamuda Cove, Selangor in 2Q2024, according to a press statement on Monday (March 4). The new F&B tenants are Kenangan Coffee and Long John Silver’s that are expected to open in…
Read MoreKUALA LUMPUR (March 5): Crest Builder Holdings Bhd’s order book has reached a record high of RM1.8 billion after the group bagged a commercial development from Sunway Velocity Three Sdn Bhd for a total contract value of RM448.5 million. In a statement on Tuesday, the company said its unit Crest Builder Sdn Bhd has accepted…
Read MoreKUALA LUMPUR (March 5): Paramount Corp Bhd said on Tuesday it aims to sell RM1.4 billion worth of properties in the financial year ending Dec 31, 2024 (FY2024), as the company ramps up launches. The real estate developer plans to launch projects worth RM2.4 billion in gross development value this year, including some delayed projects,…
Read MoreKUALA LUMPUR (March 4): The MoneyX financial app, powered by Hextar Technologies Solutions Bhd (HexTech), was officially launched with a total of 43 partners last Friday (March 1). At its soft launch in October last year, 15 partners had signed on, while its official launch held at a hotel here also saw a signing…
Read MoreKUALA LUMPUR (March 4): The development of Malay reserve land, particularly for constructing more affordable housing, can provide greater opportunities for Bumiputera to become homeowners, especially in the city centre area. Honorary professor at the Institute of Ethnic Studies, Universiti Kebangsaan Malaysia, Prof Dr Mansor Mohd Noor (pictured), believed that the move could also help…
Read MoreKUALA LUMPUR (March 4): IJM Land Bhd has launched The Promenade, the latest commercial development of Bandar Rimbayu township, in Telok Panglima Garang, Selangor on March 1 and has since achieved a 60% take-up rate. The Promenade, which features two and three-storey shop offices, will have a gross development value of RM300 million. The shop…
Read More
