Ho Hup slipped into Practice Note 17 (PN17) status in April after BJD defaulted on RM112.69 million in loan facilities, for which Ho Hup is the guarantor. KUALA LUMPUR (July 10): Ho Hup Construction Company Bhd (KL:HOHUP) has been served with a winding-up petition by the Inland Revenue Board (IRB) over tax arrears amounting to…
Read MoreThis marks the second land acquisition involving Avaland and Tan Chong Group this month. KUALA LUMPUR (July 10): Avaland Bhd (KL:AVALAND) has signed a deal to acquire a 3.194-acre parcel of land on Jalan Putra here from a unit of Tan Chong Motor Holdings Bhd (KL:TCHONG) for RM148.8 million, which it plans to develop into…
Read MoreBank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour: The MPC is not on any pre-set course. Future policy decisions will continue to be guided by the evolving outlook for domestic growth and inflation. KUALA LUMPUR (July 9): Following is the transcript of Bernama’s email interview with Bank Negara Malaysia (BNM) governor Datuk Seri…
Read MoreCGS 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 MoreSime Darby Property unveils a new industrial leasing model in the City of Elmina. In the evolving landscape of industrial development, Sime Darby Property Bhd presents The Cubiz Collection, a next-generation industrial development in Elmina East Industrial Park, City of Elmina, offering a first-of-its-kind ready-built-factory leasing model. Designed to meet the shifting demands of modern…
Read MoreKUALA LUMPUR (July 10): Suntrack Development Sdn Bhd’s ERAT Residence, a condominium in Shah Alam, has achieved a 20% take-up rate since its soft launch in March. Suntrack Development chief executive officer James KK Tan said, “We understand that people go through different life events that sometimes require a shift in accessibility needs around the…
Read MoreAmong the analysed projects, six have median asking rental prices that mostly fall under RM2,000–RM4,000, while three projects feature median asking rental prices ranging RM6,001–RM8,000. PETALING JAYA (July 10): The Kuala Lumpur city centre (KLCC), being the heart of the nation’s capital city, has naturally drawn strong demand for its properties. Deemed as a “blue-chip”…
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…
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