KUALA LUMPUR (Nov 28): KLCCP Stapled Group’s net profit rose 4.96% to RM185.34 million in the third quarter ended Sept 30, 2023 (3QFY2023), from RM176.59 million a year ago, on improved hotel and management services while the office segment remained steady. The group — comprising KLCC Property Holdings Bhd and KLCC Real Estate Investment Trust…
Read MoreKUALA LUMPUR (Nov 29): The Ministry of Local Government Development has successfully implemented 4,900 projects, the highest number ever recorded by the ministry, for the well-being of the people within the one-year administration of the Madani government, according to Minister Nga Kor Ming (pictured). He said these projects included upgrading markets and public toilets, repairing…
Read MoreKUALA LUMPUR (Nov 29): Pacific Senior Living, a senior living brand by Columbia Pacific Management Group, on Wednesday officially launched its first senior living residence project called Acacia and located in Klang, Selangor. Repurposing the former four-star Merrida Hotel building in Klang, which ceased operations during the movement control order period, Acacia boasts a total…
Read MoreKUALA LUMPUR (Nov 29): Analysts have shrugged off any potential impact on KLCCP Stapled Group’s prospects by the opening of the The Exchange TRX mall as well as inflationary pressures. In a research note, CGS-CIMB said the group’s Suria KLCC mall is unlikely to be impacted by the recently opened rival mall, as it is…
Read MoreKUALA LUMPUR (Nov 28): Gadang Holdings Bhd is acquiring a 21.08-acre land in Kwasa Damansara for RM114.78 million, or RM125 per square feet, to be developed into a residential project. The group is acquiring the land via its indirect wholly-owned subsidiary Elegance Sonata Sdn Bhd (ESSB) from Kwasa Development (3) Sdn Bhd (KD3), said Gadang…
Read MoreKUALA LUMPUR (Nov 28): The Ministry of Local Government Development (KPKT) is spending RM90.4 million this year for the maintenance and repairs of 850 low- and medium-cost private and public strata housing throughout the country, except Kuala Lumpur. Its deputy minister Akmal Nasrullah Mohd Nasir said the expenditure encompasses RM44.4 million Malaysian Housing Maintenance Fund (TPPM) for private housing,…
Read MoreKUALA LUMPUR (Nov 28): Construction player Widad Group Bhd widened its losses by more than nine times to RM7.65 million in the third quarter ended Sept 30, 2023 (3QFY2023), from a loss of RM836,000 a year ago, mainly due to higher finance cost arising from borrowings made to acquire a concession business. This is despite…
Read MoreKUALA LUMPUR (Nov 28): A total of 260,000 affordable housing units, or 52.38% of the target of 500,000 units outlined in the 12th Malaysia Plan (12MP) by 2025, have been built so far, the Dewan Negara was told on Tuesday. Local Government Development Minister Nga Kor Ming (pictured) said that efforts to build affordable housing would be…
Read MoreSarawak remains a highly attractive destination in Southeast Asia for individuals of various nationalities. Unbelievable growth in MM2H reflects Sarawak’s allure The most recent data from Malaysia My Second Home (MM2H) and Sarawak-MM2H indicates that Malaysia, especially Sarawak, remains a highly attractive destination in Southeast Asia for individuals of various nationalities. Following the reforms…
Read MoreKUALA LUMPUR (Nov 26): Police have refuted a viral video showing a supposed landslide at the entrance of the Genting Sempah Tunnel. Bentong district police chief Supt Zaiham Mohd Kahar said the clip had been circulating on social media since Saturday, and the incident shown is believed to have occurred abroad. “The incident in the…
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