KUALA LUMPUR (Dec 6): Land & General Bhd’s (L&G) The Wyn Residences in Puchong Jaya, Selangor has achieved a take-up rate of 35% since its official launch on Dec 3 (Sunday). Occupying a 3.55-acre leasehold land, The Wyn Residences has a gross development value (GDV) of RM630 million and will have a total of 1,546…
Read MoreKUALA LUMPUR (Dec 5): Public-listed companies (PLCs) in Malaysia will soon have to use the Bursa Malaysia ESG Reporting Platform to comply with mandatory sustainability disclosures set by Bursa Malaysia Securities Bhd. The platform, which was launched by the regulator on Monday, will act as a repository for disclosures in a prescribed format. This was…
Read MoreKUALA LUMPUR (Dec 5): Retail Group Malaysia (RGM) has raised its growth forecast for the retail industry in 2023 to 2.8% from the previously projected 2.7% in September. This adjustment is attributed to a better-than-expected growth rate of 2.7% in retail sales during the third quarter (3Q2023). In the Malaysia Retail Industry Report released on…
Read MoreKUALA LUMPUR – The property market showed a consistent improvement in 2023, especially in the second half, over the past few years, signaling a recovery from the COVID-19 crisis. In the primary housing market, the number of new launches improved quarter-on-quarter with the launch of 6,900 units in the third quarter of 2023 (3Q 2023)…
Read MoreKUALA LUMPUR (Dec 4): S P Setia scored double wins at MIP MyPLACE Awards 2023 with its Setia Bayuemas Lake Park and Setia EcoHill 2’s South Creek Park projects. Setia Bayuemas Lake Park took the Emerald Winner in Category 3: Community and Neighbourhood Park (Subcategory 2: Private sector) while South Creek Park, located in Setia…
Read MoreKUALA LUMPUR (Dec 4): The government is looking at releasing more net energy metering (NEM) quotas for rooftop solar installations for residential, commercial and industrial buildings before the year ends, as the existing quota that was expanded this year was filled up last week. The quota expansion is in line with the government’s ongoing efforts…
Read MoreKUALA LUMPUR (Dec 4): CGS-CIMB has kept its “hold” call with a raised the sum-of-parts-based (SOP) target price of RM1.43 on MKH Bhd, after the group’s fourth quarter ended Sept 30, 2023(4QFY23) missed expectations. Additionally, on anticipation of higher production costs for its plantation segment, the research firm’s reduced its FY2024 and FY2025 earnings per…
Read MoreKUALA LUMPUR (Dec 1): Property developer Avaland Bhd (formerly known as MCT Bhd) has redesignated its non-independent non-executive director Apollo Bello Tanco as the group’s executive director (ED) and chief executive officer effective Jan 1, 2024. He succeeded Teh Heng Chong, who has resigned to pursue his personal interest. Teh was appointed to the board…
Read MoreKUALA LUMPUR (Dec 1): DutaLand Bhd has appointed the 13th chief justice of Malaysia, Tun Ariffin Zakaria as its new chairman, effective immediately. Ariffin was chief justice from Sept 2011 to March 2017. In a local exchange filing on Friday, the property developer said Ariffin will be replacing Tengku Datuk Seri Ahmad Shah Ibni Almarhum…
Read MoreKUALA LUMPUR (Dec 1): Country Heights Holdings Bhd has appointed its deputy managing director Dr Ricky Yip Chun Mun as the new acting MD effective Friday (Dec 1). The appointment follows the recent stepping down of Datuk Mircle Yap Ching Chai, who will now serve as a non-independent non-executive director of the group, the property…
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