KUALA LUMPUR (Feb 20): Real Estate and Housing Developers’ Association (Rehda) Malaysia urged the government to remain vigilant and take measures to the full extent permissible by law against individuals masking as developers, to curb the country’s illegal projects that could lead to abandonment. In a press statement issued by Rehda Malaysia president Datuk NK…
Read MoreKUALA LUMPUR (Feb 20): It is time to create authentic, local-oriented experiences in Malaysian cities beyond shopping malls and conventional tourist sites, said Hamdan Abdul Majeed, managing director of Think City during the Creative Kuala Lumpur (KL) Grants Programme and Urban Challenge Award Ceremony, held on Monday (Feb 19) at Gamuda Mall Bukit Bintang. By…
Read MoreKUALA LUMPUR (Feb 20): Bursa Malaysia Securities has extended affected listed issuer Landmarks Bhd’s deadline to submit its regularisation plan by six months to July 28. This is in response to the company’s application for an extension of time in January, which it submitted as its previous Jan 28 submission deadline approached. According to…
Read MoreKUALA LUMPUR (Feb 20): Aluminium extruder PA Resources Bhd is buying two parcels of adjoining industrial land in Kuala Selangor for a total of RM21 million to build a new factory that would increase its production capacity. In a filing with Bursa Malaysia on Monday, PA Resources said its wholly-owned PA Extrusion (M) Sdn Bhd…
Read MoreKUALA LUMPUR (Feb 20): Jade Marvel Group Bhd’s managing director Eddie Chong Wei Chuan has resigned from his position, after heading the company for about a year. In a filing with Bursa Malaysia on Monday, Jade Marvel said Chong resigned due to “other personal commitments”. Chong, 35, was appointed as executive director of the company…
Read MoreKUALA LUMPUR (Feb 17): Rapid Rail Sdn Bhd is targeting a daily average of 200,000 Light Rail Transit (LRT) users on the Ampang/Sri Petaling Line by the end of 2024. Rapid Rail said on Saturday that the projection compares with 155,000 passengers last year, following the reopening of the route between the Masjid Jamek Station…
Read MoreKUALA LUMPUR (Feb 19): RHB Retail Research said AWC Bhd’s price is poised to scale higher after it broke past the key resistance on high volume. In a trading stocks note on Monday, the research house said that the stock’s price managed to climb above the 21-day simple moving average line and close above the…
Read MoreKUALA LUMPUR (Feb 17): Prasarana Malaysia Bhd will take legal action against the developer and site owner of a hotel project allegedly responsible for disruptions to the Light Rail Transit (LRT) operations between the Masjid Jamek and Bandaraya stations here, including seeking compensation of RM38 million. Transport Minister Anthony Loke Siew Fook (pictured) said the…
Read MoreKUALA LUMPUR (Feb 15): Property developer Maxim Global Bhd said the company’s public shareholding spread is back in compliance with Bursa Malaysia’s listing requirements. This came after Comintel Corp Bhd managing director and major shareholder Datuk Tan Kak Seng ceased to be a substantial shareholder of Maxim on Feb 7, according to a filing on…
Read MoreKUALA LUMPUR (Feb 15): PLUS Malaysia Bhd (PLUS) and the Malaysian Highway Authority (Lembaga Lebuhraya Malaysia or LLM) have agreed to simplify the process of developing and growing the number of electric vehicle (EV) charging stations along the PLUS highway, said the Ministry of Investment, Trade and Industry (Miti). In a statement on Thursday, Miti…
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