KUALA LUMPUR (Nov 21): Ecobuilt Holdings Bhd said it is not proceeding with its plan to build a 24-storey police office building in Kuala Lumpur jointly with another company, after it was unable to comply with the terms of the deal within the stipulated period. In a filing on Monday, Ecobuilt said its wholly-owned subsidiary…
Read MoreBy Sharika Tasnim In recent years, Malaysia has experienced a significant surge in its population, presenting both opportunities and challenges for the nation. According to the Malaysian Department of Statistics (DoSM), the estimated total population of Malaysia in 2023 is 33.4 million, compared to 32.7 million in 2022. This rapid population growth has not only…
Read MoreKUALA LUMPUR (Nov 16): Sunway Real Estate Investment Trust’s (Sunway REIT) net property income (NPI) increased by 6.6% to RM136.75 million for the third quarter ended Sept 30, 2023 (3QFY2023), from RM128.24 million a year earlier in line with higher revenue driven by sharp increase in hotel segment’s earnings. Furthermore, strong performance in both the…
Read MoreKUALA LUMPUR (Nov 17): Desa ParkCity has emerged the inaugural winner of Malaysia’s Most Outstanding Sustainable Township Award as well as the Green Development Award at the recent Malaysia Urban Planning Awards 2023 (MUPA 2023) organised by the Town and Planning Department (PLANMalaysia). MUPA 2023 is held to acknowledge developers who establish eco-friendly environments that…
Read MoreKUALA LUMPUR (Nov 17): Berjaya Construction Bhd, the construction arm of Berjaya Land Bhd (BLand), has secured a US$50 million (RM234.2 million) construction loan from Export-Import Bank of Malaysia Bhd (Exim Bank) for the construction of the Four Seasons Resort and Private Residences Okinawa (Four Seasons Okinawa) in Japan. Leading the signing was Seikou Okinawa…
Read MoreKUALA LUMPUR (Nov 17): BMI, a Fitch Solutions company, expects Bank Negara Malaysia (BNM) to hold its overnight policy rate (OPR) at 3% through the end of 2024. It noted that the central bank had on Nov 2, for the third consecutive meeting, left the OPR unchanged, which was in line with expectations. “We continue…
Read MoreKUALA LUMPUR (Nov 15): Kumpulan Perangsang Selangor Bhd (KPS), which is being sued — together with Menteri Besar Selangor (Inc), or MBI, and the Kuala Langat land administrator — by three individuals for alleged fraud involving a land transaction in Kuala Langat, said the deal occurred 42 years ago. “It is important to note that…
Read MoreKUALA LUMPUR (Nov 16): Gamuda Land on Thursday announced the topping off for Maya Bay Residences in Gamuda Cove in Kuala Langat, Selangor. It is also the first high-rise residential project of the 1,530-acre township development. “We welcomed our first batch of residents into the township earlier this year with the vacant possession of our…
Read MoreKUALA LUMPUR (Nov 16): Apex Equity Holdings Bhd is disposing off the 11-storey Menara Apex in Kajang, together with the land, for RM55 million to Era Edu Sdn Bhd, which operates the New Era University College education arm. Taking into account related expenses and taxes, Apex Equity estimates net proceeds of RM49.95 million, with an…
Read MoreKUALA LUMPUR (Nov 14): Kumpulan Perangsang Selangor Bhd (KPS), along with Menteri Besar Selangor (Inc) (MBI) and the Kuala Langat land administrator, have been sued by a trio over alleged fraud involving land in Kuala Langat. In a bourse filing on Tuesday, KPS said it had received a writ of summons and statement of claim…
Read More
