KUALA LUMPUR (July 10): Property developer SkyWorld Development Bhd made a flat debut on Main Market of Bursa Malaysia on Monday (July 10) with an unchanged open price from its initial public offering (IPO) price of 80 sen. Before Monday, Inter-Pacific Research had ascribed SkyWorld a fair value of RM1.03 per share, PublicInvest Research and…
Read MoreKUALA LUMPUR (July 8): Formerly known as MCT Bhd, the company has rebranded itself as Avaland Bhd after unveiling its new corporate image last night. A subsidiary of Ayala Land Inc which bought a majority stake in the company in 2018, Avaland has since undergone a comprehensive organisational restructuring exercise and refocused its core business…
Read MoreKUALA LUMPUR (July 7): RHB Research maintained its Overnight Policy Rate (OPR) forecast at 3.25%, in contrast with most other economists who see Bank Negara Malaysia holding on to the 3% key borrowing rate until the end of the year. “Our reading of the central bank’s move to hold the OPR steady is partly due…
Read MoreKUALA LUMPUR (July 7): Gamuda Bhd and VTAR Institute (VTAR) have signed a memorandum of understanding (MOU) to launch a new technical and vocational education and training (TVET) course for next-generation (next-gen) Digital Industrialised Building System (Digital IBS). In a press statement on Friday (July 7), Gamuda noted that this RM30 million partnership will see…
Read MoreThe Kota Sultan Ahmad Shah grand main entrance. KotaSAS to rejuvenate Pahang as its bold, new administrative capital With the high-flying goal of receiving the title of a high-income nation by the year 2025, Malaysia sees an increased focus on new infrastructure, development and standards of living nationwide. Distinctly, there is a need for townships…
Read MoreIntana Ria 3 balances the necessity of feel-good architecture and practicality. PKNS offers practical beauty in Bandar Baru Bangi With the ongoing scarcity in the market for reasonably priced housing, property developers often find themselves putting the task of artistic design to the side. Developments prioritise cost-effective amenities and their surrounding facilities rather than aesthetics,…
Read MoreFrom left: Tong, Iskandar, Ramuseren and Ruslan holding a framed copy of the document. PETALING JAYA: GreenRE Sdn Bhd and the Construction Research Institute of Malaysia (Cream), under the purview of the Construction Industry Development Board (CIDB), has launched a joint certification framework for their rating tools, GreenRE Rating Tools and MyCREST. GreenRE chairman Datuk…
Read MoreKUALA LUMPUR (July 6): Aneka Jaringan Holdings Bhd’s unit bagged a RM22.16 million contract from Coneff Corporation Sdn Bhd to build over 1,000 units of Rumah Wilayah Keluarga Malaysia in Sungei Besi, Kuala Lumpur. In a filing with Bursa Malaysia on Thursday (July 6), the company said the project involves construction works including earthworks, piling,…
Read MoreKUALA LUMPUR (July 7): The Malaysian Institute of Architects (PAM) has urged local governments to adopt a more sustainable approach towards urban development and prioritise the preservation and planting of new urban street trees, according to a statement on Friday (July 7). Via the statement, PAM said this is due to an alarming increase in…
Read MoreProperty developer has raised just short of RM1 billion from two land sale transactions in the last month. SP Setia Bhd’s recent moves to dispose land parcels in Tebrau, Johor, and Semenyih, Selangor, has been given the thumbs up by research houses. (SP Setia pic) PETALING JAYA: Research houses have welcomed SP Setia Bhd’s move…
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