Attracting foreign direct investment through robust policies By Yanika Liew Spurred on by the march towards developed nation status by 2050, Malaysian developers are employing various strategies to attract foreign direct investment (FDI) to the industry. This strategic focus is rooted in the recognition that FDI can play a pivotal role in fueling growth, fostering…
Read MoreKUALA LUMPUR (Jan 4): Negligence by the contractor led to the Dec 12 railway track crane collapse incident in Rawang, resulting in over RM2.4 million in losses for Keretapi Tanah Melayu Bhd (KTMB), Transport Minister Anthony Loke Siew Fook said. Revealing the findings of the investigation into the incident on Thursday, he said the contractor…
Read MoreThis year, LBS Bina Group plans to launch 10 new projects with 4,858 units, totalling RM2.33 billion in gross development value across Klang Valley, Johor, and Pahang. (LBS Bina pic) PETALING JAYA: LBS Bina Group Bhd has aimed to secure RM1.8 billion in property sales for 2024 based on a positive outlook for the property…
Read MoreKUALA LUMPUR (Jan 3): At the close of Chin Hin Group Bhd’s mandatory takeover offer (MGO) for the remaining 65.9% stake in Ajiya Bhd, Chin Hin received acceptances for 12.31 million shares, or the equivalent of a 4.17% stake. Consequently, its shareholding in Ajiya has been raised to 54.33%, according to its filing on the…
Read MoreKUALA LUMPUR (Jan 4): RHB Retail Research said Avaland Bhd (formerly known as MCT Bhd) is eyeing for a technical breakout as it rebounded above the 21-day simple moving average (SMA) line, touching 26 sen on stronger trading volume. In a trading stocks note on Thursday, the research house said that if a breakout occurs,…
Read MoreKUALA LUMPUR (Jan 4): Hong Leong Investment Bank (HLIB) Bhd has maintained its “neutral” stance on the property sector on the expectation of a normalised pace of billings and moderate growth in new property launches and sales throughout the year of 2024. The property sector stood out as the second best performing sector on Bursa…
Read MoreTropicana Corporation Bhd is confident in enhancing its market presence and contributing to future earnings, backed by high unbilled sales and robust property sales. PETALING JAYA: Tropicana Corporation Bhd recorded solid unbilled sales of RM2.3 billion in 2023, placing the company in a good position to deliver sustainable earnings in the next few years. The…
Read MoreKUALA LUMPUR (Jan 2): Nestcon Bhd has bagged RM251.5 million in construction works for a mixed development project in Mukim Petaling in the Klang Valley. In a bourse filing, Nestcon said its wholly-owned subsidiary Nestcon Builders Sdn Bhd had accepted a Letter of Award (LOA) from Altimas Sdn Bhd. The work under the LOA consists…
Read MoreKUALA LUMPUR (Jan 3): The real estate investment trust (REIT) sector would be minimally affected by the high-value goods tax, as tenants’ profit sharing is less than 10% of the mall’s total revenue, while the potential impact on luxury goods buyers is likely to be limited due to their comparatively lower price sensitivity given their…
Read MoreKUALA LUMPUR (Jan 3): Investment in Asia-Pacific cold storage real estate will likely cross US$2 billion (RM9.26 billion) between now and 2030, compared to a US$948 million high in 2021, according to international commercial real estate and investment management company JLL’s latest research report, Cold chain, unlocked: The cold storage opportunity in Asia Pacific. In…
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