KUALA LUMPUR (Dec 21): The Malaysian Anti-Corruption Commission (MACC) has on Thursday seized the Ilham Tower that is said to be owned by former finance minister Tun Daim Zainuddin. The 60-storey building is located at the golden triangle area in the city centre, at No 8, Jalan Binjai. The seizure order, dated Dec 18 and…
Read MoreKUALA LUMPUR (Dec 22): Poorly managed property will affect the value of your property development versus a well-managed one. “It’s very clear to see that if we don’t manage it well, it will affect the reputation or image of your property. The moment you lose out on a good reputation, your rental will get affected…
Read MoreKUALA LUMPUR (Dec 21): Stage and express bus service operator Epicon Bhd (formerly known as Konsortium Transnasional Bhd) has partnered with PNSB Construction Sdn Bhd (PCSB), a subsidiary of Permodalan Negeri Selangor Bhd (PNSB), to develop an affordable housing project in Rawang, Selangor. In a filing to Bursa Malaysia, Epison said it has inked a…
Read MoreKUALA LUMPUR (Dec 21): RHB Retail Research said Iskandar Waterfront City Bhd is poised for a positive rebound after bouncing off the 21-day simple moving average line, testing the 67 sen immediate resistance level. In a trading stocks note on Thursday, the research house said that if it manages to surpass that level, the bullish…
Read MoreKUALA LUMPUR (Dec 20): LKL International Bhd through its wholly-owned subsidiary LKL Advance Metaltech Sdn Bhd (LKLAM), is selling a piece of freehold land in Seri Kembangan, Selangor, to 8 Food Avenue Sdn Bhd (Avenue) for RM6.9 million. In a bourse filing, the medical and healthcare bed manufacturer announced that LKLAM entered into a sale…
Read MoreKUALA LUMPUR (Dec 20): RHB Retail Research said Eastern & Oriental Bhd is set for an uptrend reversal after undergoing a breakout above the 59 sen level on Tuesday on improving trading volume above the 21-day simple moving average line. In a trading stocks note on Wednesday, the research house said that if the breakout…
Read MoreKUALA LUMPUR (Dec 19): The Federal Land Development Authority (Felda) is exploring new models in addressing the housing challenges faced by the new generation in the settlement schemes. Its chairman, Datuk Seri Ahmad Shabery Cheek, said this includes proposals for the construction of stratified housing outside Felda areas and large-scale housing compared to individual lots…
Read MoreKUALA LUMPUR (Dec 19): IGB Real Estate Investment Trust (IGB REIT) announced the passing of its joint chief operating officer Daniel Yong Chen-I on Tuesday, due to a sudden cardiac arrest. Yong, a law graduate from the University of Bristol, England, had been an integral part of Mid Valley City Sdn Bhd (MVC) since 1999,…
Read MoreLee (second from left) and Loo (second from right) shake hands while holding the agreement documents as Wong (left) and Yap look on. Property developer SkyWorld Development Bhd (SkyWorld) is partnering with Universiti Malaya (UM) to develop an Application Programming Interface (API) to enhance the property development sector’s data integration ecosystem. Both parties signed a…
Read MoreKUALA LUMPUR (Dec 19): The wearing of face masks on public transport is not compulsory for now, but it is encouraged following the recent spike in Covid-19 cases in the country, said Transport Minister Anthony Loke Siew Fook. “Any policies or rules regarding face mask usage can only be established by the Ministry of Health…
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