KUALA LUMPUR (Sept 26): Ho Hup Construction Co Bhd plans to undertake a private placement exercise of 10% of its share base to raise RM12.4 million, most of which is to be set aside to pay its sub-contractors. In a bourse filing on Monday, the construction outfit said the private placement exercise entails the issuance…
Read MoreKUALA LUMPUR (Sept 26): A study to further strengthen the standardisation of the tourism industry, including improving outdated accommodation safety guidelines, is being carried out to give more protection to tourists and industry players. The Ministry of Tourism, Art and Culture (Motac) said this is aimed at developing a sustainable tourism industry since it is…
Read MoreKUALA LUMPUR (Sept 26): SPNB Aspirasi Sdn Bhd (SPNB Aspirasi), a wholly owned unit of national housing development company Syarikat Perumahan Negara Bhd (SPNB), has brought SPNB’s former CEO Datuk Ahmad Azizi Ali to court, alongside property developer Tunas Manja Development & Construction Sdn Bhd (TMDC) and 10 others on allegations of defrauding the government-owned…
Read MoreKUALA LUMPUR (Sept 26): Avaland Bhd inaugurated its sales gallery for Amika Residences, its latest project in Subang Jaya, last Saturday (Sept 23). In a press release issued on Tuesday, Avaland Bhd chief executive officer (CEO) Teh Heng Chong said the 3.5-acre, freehold Amika Residences is located immediately next to Alira Subang Jaya. The design of Amika…
Read MoreKUALA LUMPUR (Sept 26): Fitch has cut its revenue expectations for Genting Malaysia — operator of Malaysia’s Resorts World Genting plus casinos in New York and Europe — by around 5% on average for 2023 and 2024, citing its slower-than-expected recovery through the first half of the year. In a report last Friday (Sept 22),…
Read MoreKUALA LUMPUR (Sept 26): Sime Darby Property Bhd has been recognised for its environmental-friendly efforts in Cantara Residences, Ara Damansara and Elmina Central Park, City of Elmina. According to a press statement dated Sept 26, Cantara Residences was awarded a gold rating in the Residential New Construction category by Green Building Index (GBI) while Elmina…
Read MoreKUALA LUMPUR (Sept 22): Selangor has built 40,000 affordable homes in five years since 2018, said Selangor Menteri Besar Datuk Seri Amirudin Shari (pictured). He said the construction of another 5,000 houses is expected to be completed by the end of this year. According to him, Selangor has been recognised by the Local Government Development…
Read MoreTransitioning to a world-class sustainable city involves more than managing carbon emissions. We should be driving resilience. It’s not business as usual. Change is underway, redefining the roles of the next generation of city builders in Malaysia. Rapid growth and the city’s resilience demand tools for long-term sustainability, including adaptation to adversity, preparing for future pandemics, addressing…
Read MoreEcoWorld’s strong branding, responsiveness to market conditions, and timely presence in Johor’s industrial property scene are favourable factors for the developer, says Kenanga Research. (EcoWorld pic) PETALING JAYA: Kenanga Research which previously rated Eco World Development Group Bhd (EcoWorld) as “outperform” has downgraded its recommendation to “market perform” in response to a recent surge in…
Read MoreLee Yeow Chor (left) and Lee Yeow Seng, who control both IOI Corp and IOI Properties, are developing a mixed-use hotel cum residential development at Singapore’s Marina Bay financial district. PETALING JAYA: IOI Group’s Lee Yeow Chor and Lee Yeow Seng are among at least 10 Asian billionaires investing more than S$6 billion (RM20.6 billion)…
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