Housing and Local Government Minister Nga Kor Ming (centre) at the Malaysia Developer Awards (MDA) 2024 in JW Marriott Hotel Kuala Lumpur, October 18, 2024. Joining him are (front row, from left) MDA chief judge Professor Yeah Kim Leng, FIABCI Malaysia president Dr Yu Kee Su, TOTC (RM1bil and Above category) winner Sime Darby Property…
Read MoreKUALA LUMPUR (Oct 30): While Symphony Life Bhd’s former group chief financial officer Ng Ying Yiing was charged on Tuesday for using company funds to purchase shares in Cycle and Carriage Bintang Bhd (CCB) without board approval, the Industrial Court last week separately awarded her RM792,000 in back wages and had seemingly absolved her of…
Read MoreKUALA LUMPUR (Oct 29): The 24th International Architecture, Interior Design and Building Exhibition (Archidex 2025) will be held at two venues for the first time next year — at the Malaysia International Trade and Exhibition Centre (Mitec) from July 21 to 24 and at the Kuala Lumpur Convention Centre (KLCC) from July 23 to 26….
Read MoreKUALA LUMPUR (Oct 29): Symphony Life Bhd’s former chief financial officer Ng Ying Yiing and former group adviser Datuk David Goh were charged at the Sessions Court in Shah Alam for using RM2.57 million in company funds to purchase shares in Cycle and Carriage Bintang Bhd (CCB), without board approval. The pair were charged under…
Read MoreKUALA LUMPUR (Oct 30): IJM Land Bhd’s chief executive officer (CEO) Datuk Wong Tuck Wai is retiring after a 28-month stint at the property division of conglomerate IJM Corp Bhd (KL:IJM), internal communication showed. Datuk Tony Ling Thou Lung, the current chief operating officer (COO) of IJM Land, will be taking over as CEO effective…
Read MoreBina Puri’s unit completes drawdown of RM73m credit financing facility from MBSB The credit financing facility from MBSB bolsters Sumbangan Lagenda’s financial position, enabling it to not only meet its working capital requirements, but also improve its offerings, Bina Puri said in a statement. KUALA LUMPUR (Oct 29): Civil and building construction firm Bina Puri…
Read MoreKUALA LUMPUR (Oct 29): The federal government may consider handing over undeveloped land within the disputed Duta Enclave — a 263.27-acre (106.54-hectare) plot in Mukim Batu — to Semantan Estate (1952) Sdn Bhd, Prime Minister Datuk Seri Anwar Ibrahim said. This follows the High Court’s October ruling that the Duta Enclave should be returned to Semantan…
Read MoreKUALA LUMPUR (Oct 29): Kumpulan Kitacon Bhd (KL:KITACON) has secured a contract worth RM131.9 million to build terraced houses in Bandar Puncak Alam, Ijok, Selangor, for Tropicana Alam Sdn Bhd, a unit of Tropicana Corp Bhd (KL:TROP). The contract was secured via its wholly owned Kitacon Sdn Bhd on Monday, which had accepted a letter…
Read MoreKUALA LUMPUR (Oct 29): Axis Real Estate Investment Trust (KL:AXREIT) (Axis REIT) saw its third quarter net property income (NPI) rise 12% to RM69.35 million from RM61.90 million a year earlier, as it recognised contribution from newly acquired properties. New tenancies from its logistics warehouse Axis Mega Distribution Centre (Phase 2) and positive rental reversion…
Read MoreKUALA LUMPUR (Oct 29): Higher rental income provided a boost to IGB Real Estate Investment Trust (REIT) (KL:IGBREIT) and IGB Commercial REIT’s (KL:IGBCR) net property income (NPI) for the third quarter ended Sept 30, 2024 (3QFY2024). IGB REIT’s NPI for 3QFY2024 rose 2.53% to RM114.11 million from RM111.29 million in the same period last year….
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