KUALA LUMPUR (Jan 9): The government has increased the allocation for the My50 travel pass to RM200 million in 2024 to accommodate increasing demand, said Transport Minister Anthony Loke Siew Fook. According to him, the total number of My50 travel pass subscribers jumped 55% to 2.18 million in 2023, from 1.41 million subscribers in 2022….
Read MoreKUALA LUMPUR (Jan 9): Transport Minister Anthony Loke Siew Fook reiterated the government’s commitment to proceeding with the Mass Rapid Transit 3 (MRT3) project. He emphasised that MRT3 is already planned and will be executed. “The Ministry of Transport is in progress of land acquisition for the MRT3 line, but the decision on when to…
Read MoreTA Securities says SP Setia can still achieve its FY2023 sales target of RM4.2 billion despite the termination of the Tebrau land deal. (Setia pic) PETALING JAYA: SP Setia Bhd has been downgraded by research houses after its agreement to sell land in Johor to Scientex Bhd’s subsidiary was aborted owing to failure to get…
Read MoreKUALA LUMPUR (Jan 8): RHB Retail Research said Ekovest Bhd is resuming the bullish movement after it climbed above the strong resistance. In a trading stocks note on Monday, the research house said the stock broke past the 54 sen resistance as the bullish momentum is picking up. “A follow-through of the positive price action…
Read MoreKUALA LUMPUR (Jan 4): Negligence by the contractor led to the Dec 12 railway track crane collapse incident in Rawang, resulting in over RM2.4 million in losses for Keretapi Tanah Melayu Bhd (KTMB), Transport Minister Anthony Loke Siew Fook said. Revealing the findings of the investigation into the incident on Thursday, he said the contractor…
Read MoreNation is on the Top 3 destinations for overseas home buyers By Joseph Wong Singaporeans’ interest in overseas real estate continues to surge, with Malaysia securing its position as one of the top destinations for property investment, taking the third spot after Australia and Thailand respectively. The data, based on enquiries made by property buyers…
Read MoreAttracting foreign direct investment through robust policies By Yanika Liew Spurred on by the march towards developed nation status by 2050, Malaysian developers are employing various strategies to attract foreign direct investment (FDI) to the industry. This strategic focus is rooted in the recognition that FDI can play a pivotal role in fueling growth, fostering…
Read MoreThis year, LBS Bina Group plans to launch 10 new projects with 4,858 units, totalling RM2.33 billion in gross development value across Klang Valley, Johor, and Pahang. (LBS Bina pic) PETALING JAYA: LBS Bina Group Bhd has aimed to secure RM1.8 billion in property sales for 2024 based on a positive outlook for the property…
Read MoreKUALA LUMPUR (Jan 3): At the close of Chin Hin Group Bhd’s mandatory takeover offer (MGO) for the remaining 65.9% stake in Ajiya Bhd, Chin Hin received acceptances for 12.31 million shares, or the equivalent of a 4.17% stake. Consequently, its shareholding in Ajiya has been raised to 54.33%, according to its filing on the…
Read MoreKUALA LUMPUR (Jan 4): RHB Retail Research said Avaland Bhd (formerly known as MCT Bhd) is eyeing for a technical breakout as it rebounded above the 21-day simple moving average (SMA) line, touching 26 sen on stronger trading volume. In a trading stocks note on Thursday, the research house said that if a breakout occurs,…
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