KUALA LUMPUR (Nov 26): The rent-to-own (RTO) scheme will be extended to the upcoming Residensi Rakyat Programme (PRR), set to launch next year, Housing and Local Government Minister Nga Kor Ming (pictured) announced. He explained that the scheme, designed for applicants or potential buyers who cannot secure financing from financial institutions, is part of a…
Read MoreKUALA LUMPUR (Nov 27): M&M Ventures Holdings Sdn Bhd has officially commenced construction for its maiden project, a retail park named Bali Escape Kuala Lumpur (BEKL) in Pudu, Kuala Lumpur, on Wednesday. With a budget of RM50 million, the four-acre BEKL will offer three-storey retail lots that have a total net lettable area of 213,540…
Read MoreKUALA LUMPUR (Nov 27): IJM Land Bhd, through its subsidiary RMS (England) Ltd, held a groundbreaking ceremony for the second phase of Royal Mint Gardens in London on Tuesday (Nov 26). The second phase comprises a 15-storey aparthotel and a condominium with 79 residential units. According to a statement on Tuesday, the aparthotel will have…
Read MoreAnalysts positive on IJM Corp’s investment in JRL as it paves way to UK construction jobs “Additionally, JRL would provide access to a robust pipeline of projects. This will expand the group’s exposure to the UK market.” KUALA LUMPUR (Nov 26): Analysts are positive on IJM Corporation Bhd’s (KL:IJM) investment in JRL Group Holdings Ltd, as…
Read MoreMatrix Concepts 2Q net profit gains over 5% on disposal gain, pays 2.75 sen dividend The Bandar Sri Sendayan township developer said its profit margin was 21.30%, up from 17.60% in the prior year. KUALA LUMPUR (Nov 26): Property developer Matrix Concepts Holdings Bhd (KL:MATRIX) said on Tuesday its second-quarter net profit grew 5.29% from…
Read MoreKUALA LUMPUR (Nov 26): The government has allocated RM16.81 million for the phased upgrade of all 11 Kuala Lumpur Monorail stations to enhance the safety and comfort of passengers. Transport Minister Anthony Loke Siew Fook said the allocation for Prasarana Malaysia Bhd includes RM6.81 million to install automatic platform gates (APGs) at all stations, along…
Read MoreIJM Corp highlighted that JRL returned to profit in 2024, recording revenue of £311 million and a profit before tax of £9 million for the first six months of the financial year. KUALA LUMPUR (Nov 26): IJM Corporation Bhd (KL:IJM) said it is buying a 50% stake in UK-based construction firm JRL Group Holdings Ltd for…
Read MoreKUALA LUMPUR (Nov 22): Property developer SkyWorld Development Bhd (KL:SKYWLD), which made its Main Market debut in July last year, said it is on target to launch developments with an estimated gross development value of RM4.6 billion by 2026, having achieved RM1.1 billion worth of launches so far. “The cumulative GDV for our pipeline of…
Read MoreThe investment will reinforce JRL’s capital position to support its £1.7 billion (RM9.5 billion) order book and strategic pipeline of high-value contracts in the coming years, UK industry news site Construction Site reported, citing a statement from JRL. KUALA LUMPUR (Nov 25): IJM Corporation Bhd (KL:IJM) may acquire a 50% stake in financially troubled UK-based…
Read MoreKUALA LUMPUR (Nov 23): The government has increased the rooftop solar capacity by another 300MW for the commercial and industrial segment, and by 50MW for households. These additional quotas under the Net Energy Metering 3.0 (NEM 3.0) were added this month, according to guidelines published by the Energy Commission. (pictured) The latest 50MW quota for…
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