KUALA LUMPUR (Dec 12): Prime Minister Datuk Seri Anwar Ibrahim (pictured) has reminded all parties, including state governments involved in the East Coast Railway Link (ECRL) project, to cooperate and ensure it is completed according to schedule. Anwar said Malaysia is committed to and appreciates the strategic cooperation with China, especially in terms of investments…
Read MoreKUALA LUMPUR (Dec 13): S P Setia Partners will develop two parcels of prime commercial land measuring 2.67 acres in Setia Federal Hill, Bangsar, with Mitsui Fudosan (Asia) Malaysia Sdn Bhd (Mitsui Fudosan). The development will encompass two parcels of land and is set to inject a fresh wave of vitality into the vibrant Bangsar…
Read MoreKUALA LUMPUR (Dec 13): Eco World International Bhd (EcoWorld International) announced its results for 4Q2023, where it saw a lower loss before tax (LBT) of RM36.93 million in 4Q2023 compared to LBT of RM94.64 million in 4Q2022. This is mainly due to: foreign exchange gains from appreciation of British Pound (GBP) against Ringgit Malaysia (RM)…
Read MoreKUALA LUMPUR (Dec 12): Malaysia Airports Holdings Bhd (MAHB) has appointed former S P Setia Bhd deputy president and chief operating officer Datuk Seri Koe Peng Kang (pictured) as its independent and non-executive director, effective Dec 12. In a bourse filing on Monday, the airport operator said Koe, 62, commenced his journey at S P…
Read MoreKUALA LUMPUR (Dec 12): The Madani Inclusive Housing Concept will be catalyst for the development of affordable housing projects for the target groups in the country said Prime Minister Datuk Seri Anwar Ibrahim. He said the efforts started with the cooperation of the Kuala Lumpur City Hall (DBKL) to provide houses to the targeted groups…
Read MoreKUALA LUMPUR (Dec 12): Prime Minister Datuk Seri Anwar Ibrahim has called on all relevant parties to emphasise the need for the country’s investment landscape and ecosystem to be more creative and investor-friendly. In a post on his official Facebook on Monday, he said the parties involved were also called upon to continue efforts in…
Read MoreKUALA LUMPUR (Dec 8): EcoFirst Consolidated Bhd, which is facing a RM20 million lawsuit for withdrawing a RM404.35 million contract it had issued to Kerjaya Prospek Group Bhd, said the group will be contesting the matter. In a filing on Friday, EcoFirst said the lawsuit was filed against its wholly-owned subsidiary BCM Holdings Bhd by…
Read MoreThe REIT said the acquisition of Temerloh Mall in Taman Damai, from Amal Mewah Development Sdn Bhd, will be funded by its existing bank financing. KUALA LUMPUR (Dec 8): Axis Real Estate Investment Trust (Axis-REIT) has proposed to acquire a two-storey shopping mall in Temerloh, Pahang, for RM25.75 million cash. The REIT said the acquisition…
Read MoreKUALA LUMPUR (Dec 11): Radium Development Bhd and Tunku Abdul Rahman University of Management and Technology (TAR UMT) recently awarded the TARC-Radium Care Student Loan to two exceptional students. This follows the signing of a Memorandum of Understanding between Radium and TAR UMT in January 2023 for a five-year partnership that sees the developer contributing…
Read MoreKUALA LUMPUR (Dec 11): Sentral Real Estate Investment Trust (Sentral REIT) said on Monday that it has completed the acquisition of Menara CelcomDigi (pictured) in Petaling Jaya from Malaysian Resources Corp Bhd (MRCB) for RM450 million. MRCB is the single largest unitholder of Main Market-listed Sentral REIT, with a 27.94% equity interest. Sentral REIT had…
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