CGS expects Kitacon to see stronger earnings in 2HFY2025 from project completions, better profit margins Growing market interest for Kitacon project developments could be reflected by a tenderbook of RM913 million (17% industrial and 83% residential projects) as of June 23, 2025. KUALA LUMPUR (July 10): Kumpulan Kitacon Bhd (KL:KITACON) is expected to see stronger…
Read MoreAhmad Zaki Resources unit gets winding-up petition over RM5.86 mil payment dispute According to AZRB’s bourse filing, Giga Engineering is claiming that its wholly owned Ahmad Zaki Sdn Bhd (AZSB) had failed to settle the sum, which led to the initiation of the winding-up proceedings. KUALA LUMPUR (July 9): Ahmad Zaki Resources Bhd (KL:AZRB) said…
Read More‘Duta enclave’ land dispute: Govt valuer says she relied on DBKL info on zoning, not ‘hope value’ of land Taking the stand as part of court proceedings on assessing “mesne profits” that is to be paid out to Semantan Estate Sdn Bhd, Nurzahirah Umar said that zoning was one of nine factors she considered when…
Read More“While the domestic economy is on a strong footing, uncertainties surrounding external developments could affect Malaysia’s growth prospects,” BNM said. “The reduction in the OPR is, therefore, a pre-emptive measure aimed at preserving Malaysia’s steady growth path amid moderate inflation prospects.” KUALA LUMPUR (July 9): Malaysia’s central bank on Wednesday moved to cut interest rates…
Read MoreHe emphasised that these are not abstract ideals but action-driven blueprints, backed by real case studies and policy frameworks. KUALA LUMPUR (July 8): Malaysia is set to host three major Asean programmes on sustainable urban development from Aug 10 to 15 this year, in conjunction with its Asean chairmanship. Housing and Local Government Minister Nga…
Read MoreSri Endah Flats is one of the 139 sites identified for redevelopment but residents are raising red flags. — RAJA FAISAL HISHAN/The Star Physical development in Kuala Lumpur must be balanced with social needs to ensure the city remains liveable and inclusive for all generations. And Kuala Lumpur’s rapid growth must be accompanied by adequate…
Read MoreRadium relaunches Chancery Ampang SOHO with KL city’s first pet-friendly high-rise park Located along the Embassy Row, the project sits 500m from the proposed Tasik Ampang MRT3 Circle Line station and has quick access to Akleh and MRR2. PETALING JAYA (July 7): Radium Development Bhd (Radium) has relaunched Chancery Ampang SOHO, featuring Kuala Lumpur city’s…
Read MoreMalaysian tech stocks, builders fall amid reports of draft AI restriction, US policy uncertainties The lack of clarity on US trade policy also added to the pressure investors are facing just days away from the July 9 tariff deadline. KUALA LUMPUR (July 7): Technology stocks and construction companies building data centres fell on Monday morning,…
Read MoreNga, in addressing over 75 mayors and city leaders from around the world, underscored the urgency for city-level action rooted in local implementation, and backed by innovation. PUTRAJAYA (July 4): Malaysia calls for a bold shift in global city cooperation, urging mayors and urban leaders to move beyond discussions and act on shared challenges through concrete…
Read MoreEconpile wins RM58m construction and material supply contracts for a project in Ara Damansara The two contracts follow four contracts worth RM145.96 million Econpile has secured this year. KUALA LUMPUR (July 4): Econpile Holdings Bhd (KL:ECONBHD) has secured two contracts worth RM57.94 million for construction services as well as material supply and delivery for a…
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