KUALA LUMPUR (Oct 23): Protasco Bhd (KL:PRTASCO) said on Wednesday that an affordable housing project awarded by Perbadanan Putrajaya in 2022 has been revised with a new name and with a lower number of units. In a filing with Bursa Malaysia, Protasco said the initial letters of award received by its wholly-owned subsidiary Protasco Development…
Read MoreKUALA LUMPUR (Oct 24): It is hard to imagine that there are pockets of areas around the city centre that still maintain low prices for subsales. Sentul is one such rare gem, being a neighbourhood that still strikes a balance between budget and location. With a healthy supply of low-density subsale projects in close proximity…
Read MoreAt the recent Schneider Electric’s Innovation Day Kuala Lumpur 2024 event were (from Left) are Kenny, Ng, Verma, Aylwin and Chin. KUALA LUMPUR: Schneider Electric, a global leader in energy management and automation, has urged the modernisation of ageing buildings in Malaysia as a crucial measure to reduce carbon emissions. With half of today’s buildings…
Read MoreKUALA LUMPUR (Oct 24): CapitaLand Malaysia Trust (KL:CLMT) posted a 6.3% increase in its third quarter net property income (NPI) from last year’s corresponding period, underpinned by better NPI from Gurney Plaza, Queensbay Mall, East Coast Mall and Valdor Logistics Hub. CLMT’s NPI for the third quarter ended Sept 30, 2024 (3QFY2024) increased to RM61.99…
Read MoreKUALA LUMPUR (Oct 24): Pavilion Real Estate Investment Trust (KL:PAVREIT) saw its net property income (NPI) rise 8.65% to RM131.86 million for the third quarter ended Sept 30, 2024 (3QFY2024), from RM121.35 million a year ago, due to lower property operating expenses, primarily driven by the reversal of doubtful debts provision. However, this was offset…
Read MoreKUALA LUMPUR (Oct 23): Glomac Bhd (KL:GLOMAC) is currently in talks with respective parties to venture into the waste-to-energy business, as part of its plan to seek new sources of revenue, according to group managing director and chief executive officer Datuk Seri FD Iskandar Mohamed Mansor. “We also have to get the buy-in from the…
Read MoreKUALA LUMPUR (Oct 23): The government is in the process of finalising sustainable development guidelines for data centres, which will become one of the conditions for applying for government incentives. The guidelines will include a set metric for carbon usage effectiveness (CUE) to measure carbon emissions from data centres, alongside power usage effectiveness (PUE) and…
Read MoreKUALA LUMPUR (Oct 23): Even if it is against the state’s interest, the land title for the Duta enclave — the 263.27-acre (106.54-hectare) land in Mukim Batu that currently hoses various government complexes and facilities — has to be transferred back to Semantan Estate (1952) Sdn Bhd as it is the right thing to do,…
Read MoreKUALA LUMPUR (Oct 22): SkyWorld Development Bhd won multiple awards at the QUEST 2024 event organized by the Construction Industry Development Board (CIDB) Malaysia, today. SkyWorld’s The Valley, SkySierra at Setiawangsa, took home the coveted “Anugerah Utama,” and was recognized for excellence in MyCREST (Malaysian Carbon Reduction and Environmental Sustainability Tool), QLASSIC (Quality Assessment System…
Read MoreKUALA LUMPUR (Oct 22): KIP Real Estate Investment Trust (KL:KIPREIT) reported a 3% decrease in its net profit to RM10 million for the first quarter ended Sept 30, 2024 (1QFY2025), from RM10.39 million, dragged by higher operating expenses, as well as higher manager’s management fee and borrowing cost. For 1QFY2025, the REIT declared a distribution…
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