KUALA LUMPUR (Sept 26): Ecoscience International Bhd has secured a RM38.02 million contract for the construction of a building and substation in Kerling, Selangor. According to a bourse filing on Tuesday, the company’s wholly-owned unit Ecoscience Manufacturing & Engineering Sdn Bhd has accepted the letter of award from Thens Architect, which issued the contract on…
Read MoreKUALA LUMPUR (Sept 27): Rapid urbanisation is happening, and it’s happening very fast. Up to 4.4 billion of the world’s population now live in cities, and the number of people is 26 million for Malaysia according to TPr Ts Norliza Hashim, URBANICE Malaysia chief executive officer, when presenting her paper titled “Urban Resilience: Challenges for…
Read MoreKUALA LUMPUR (Sept 27): Finology Group has successful closed of a pre-Series A funding round of an undisclosed amount. A media release by the fintech company stated that the round was led by Silverlake Group and “featured participation” from The Hive Southeast Asia, a recipient of the Dana Penjana Nasional programme under the purview of…
Read MoreKUALA LUMPUR (Sept 27): IJM Land’s Avela Phase 17C homes at IJM Rimbayu, launched on Sept 11, has achieved a take-up of 42%, the developer said in a press statement on Tuesday (Sept 26). This third and final phase of Avela, Phase 17C, features 145 two-storey Type A Garden Homes that measure 30ft (feet) by…
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 26): MIDF Research has upgraded the property sector to “positive” from “neutral” on improved outlook amid a downtrend in overhang and inventory levels, naming Mah Sing Group Bhd and Matrix Concepts Holdings Bhd as its top picks. “Residential overhang declined for the sixth consecutive quarter in the second quarter of calendar year…
Read MoreKUALA LUMPUR (Sept 26): The government is planning to revise the Statistics Act 1965 in the Dewan Rakyat in July 2024, to increase the Department of Statistics Malaysia (DOSM)’s role in strengthening the country’s statistical landscape. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said DOSM continues to make strides in producing important statistics, as the…
Read MoreKUALA 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…
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