KUALA LUMPUR (Jan 23): The Malaysian government and Express Rail Link Sdn Bhd (ERL) have entered into a new supplementary concession agreement that enables the KLIA Ekspres operator to implement a “market-driven” fare structure. Under the new agreement, the government will stop paying ERL fees or charges from the collection of passenger service charges (PSCs) starting…
Read MoreKUALA LUMPUR (Jan 23): The role of quantity surveyors in the construction idustry cannot be understated as even more of them are needed currently, Public Works Minister Datuk Seri Alexander Nanta Linggi said. Like engineers and architects, quantity surveyors are very vital in carrying out every construction activity, he added. “They are directly involved in…
Read MoreKUALA LUMPUR (Jan 23): The Ministry of Investment, Trade and Industry (Miti) has set up an independent and special committee for Malaysia’s iron and steel industry to review and realign its direction towards achieving the objectives of the New Industrial Master Plan (NIMP) 2030. In a statement, Miti said the committee will, among others, assess…
Read MoreKUALA LUMPUR (Jan 23): LBS Bina Group Bhd has issued the first tranche of sustainability sukuk, amounting to RM200 million, under its RM750 million Sukuk Wakalah Programme. “The company had on Jan 23 (Tuesday) issued its first issuance of Sustainability Sukuk Wakalah of RM200 million in nominal value, in the format of Asean Social SRI…
Read MoreBy Joseph Wong In the past, the ultimate aspiration was to own a vast expanse of land, yet the journey often involves a stopover in a compact unit, sometimes right in the heart of the city. Nowadays, with land scarcity and soaring prices, the dream of owning a spacious property may remain elusive for many….
Read MoreKUALA LUMPUR – Malaysia’s first Bandar PR1MA township, which is being built near the construction site of the Teluk Intan Universiti Pendidikan Sultan Idris (UPSI) campus, is set to be launched this year. Housing and Local Government Minister Nga Kor Ming said the project, on a 57.5-hectare land and an estimated gross development value of…
Read MoreKUALA LUMPUR – The financial stretch continues to keep Malaysians living in major cities from realising their dreams of home ownership. Among the younger generation, their major concerns are the property prices that are now multiple times more than the annual household income. It is not easy for those with no fixed income or low…
Read MoreKUALA LUMPUR (Jan 19): A total of 6.07 million warrants of Tanco Holdings Bhd were converted into shares for RM1.88 million amid heavy selling pressure on the company’s mother shares, which have dropped 43.5% over the last two days. The exercised warrants may have been part of a bonus issue that Tanco announced in August…
Read MoreKUALA LUMPUR (Jan 18): Sime Darby Property Bhd’s Great Deals sales campaign achieved sales bookings of 1,107 units worth RM1.1 billion. In a statement today, the property developer said the campaign, which ran from Aug 15 to Dec 31, 2023, provided attractive offers for a limited number of properties in the townships owned by Sime…
Read MoreKUALA LUMPUR (Jan 19): A strong Management Corporation (MC), a healthy maintenance budget and simplified design are among crucial elements to ensure that a property’s condition would be tiptop. This was shared during the “Fireside Chat: Costly to Judge a Book by its Cover” at The Edge Malaysia Property Management Virtual Talk 2024, which was…
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