KUALA LUMPUR (Dec 7): Works Minister Datuk Seri Alexander Nanta Linggi (pictured) has confirmed that existing highway concessionaires will still have the rights to collect toll charges as per agreements with the government that are still in force, despite the development of the multi-lane free-flow (MLFF) project by a private firm. In a Facebook post,…
Read MoreKUALA LUMPUR (Dec 7): The TRX City Park officially opened to the public last Wednesday (Nov 29). It is located on the rooftop of The Exchange TRX lifestyle hub and retail mall, and covers 10 acres (4.05 hectares). The retail component is part of The Exchange TRX mixed-development that sits on 17 acres and is…
Read MoreKUALA LUMPUR (Dec 7): A total of 26,645, or 86.43%, out of 30,841 loan applications were approved for the youth group under the Housing Credit Guarantee Scheme (SJKP) from 2008 to Sept 30 this year. Deputy Local Government Development Minister Akmal Nasrullah Mohd Nasir (pictured) said the SJKP had provided RM5 billion in loan guarantees,…
Read MoreKUALA LUMPUR (Dec 6): Land & General Bhd’s (L&G) The Wyn Residences in Puchong Jaya, Selangor has achieved a take-up rate of 35% since its official launch on Dec 3 (Sunday). Occupying a 3.55-acre leasehold land, The Wyn Residences has a gross development value (GDV) of RM630 million and will have a total of 1,546…
Read MoreKUALA LUMPUR (Dec 5): Malaysia Building Society Bhd (MBSB) has appointed Malaysian Industrial Development Finance Bhd (MIDF) chairman Tan Sri Abd Rahman Mamat and director Datuk Dr Yasmin Mahmood to the group’s board. The appointments take effect on Tuesday, according to MBSB’s bourse filings. MBSB had completed its acquisition of MIDF from Permodalan Nasional Bhd…
Read MoreKUALA LUMPUR (Dec 6): Bon Estates and Malaysia Airlines are collaborating to “elevate lifestyles and expand horizons” of potential buyers of Bon Kiara’s units. The “Beyond Home And Horizons: Elevate Your Lifestyle, Enrich Your Experience” is a two-month campaign between Bon Estates and Malaysia Airlines that brings together property buyers, investors, and industry leaders for…
Read MoreKUALA LUMPUR (Dec 5): Public-listed companies (PLCs) in Malaysia will soon have to use the Bursa Malaysia ESG Reporting Platform to comply with mandatory sustainability disclosures set by Bursa Malaysia Securities Bhd. The platform, which was launched by the regulator on Monday, will act as a repository for disclosures in a prescribed format. This was…
Read MoreKUALA LUMPUR (Dec 5): Retail Group Malaysia (RGM) has raised its growth forecast for the retail industry in 2023 to 2.8% from the previously projected 2.7% in September. This adjustment is attributed to a better-than-expected growth rate of 2.7% in retail sales during the third quarter (3Q2023). In the Malaysia Retail Industry Report released on…
Read MoreKUALA LUMPUR – The property market showed a consistent improvement in 2023, especially in the second half, over the past few years, signaling a recovery from the COVID-19 crisis. In the primary housing market, the number of new launches improved quarter-on-quarter with the launch of 6,900 units in the third quarter of 2023 (3Q 2023)…
Read MoreKUALA LUMPUR (Dec 4): The government is looking at releasing more net energy metering (NEM) quotas for rooftop solar installations for residential, commercial and industrial buildings before the year ends, as the existing quota that was expanded this year was filled up last week. The quota expansion is in line with the government’s ongoing efforts…
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