KUALA LUMPUR (Dec 17): A Sessions Court here imposed a fine of RM25,000 or eight months’ jail on a construction company on Tuesday for failing to ensure the safety of a Bangladeshi worker who died while working at a construction site last year. Judge Norina Zainal Abidin handed down the sentence against WCT Berhad after…
Read MoreKUALA LUMPUR (Dec 17): The Transport Ministry hopes the development of the rail network connecting Malaysia and China can be realised in the shortest period. Transport Minister Anthony Loke (pictured) said his ministry intends to speed up the development in an effort to benefit from regional relations. He said that Prime Minister Datuk Seri Anwar…
Read MoreBy Joseph Wong As we step into 2025, Malaysia’s property market is poised for incremental growth, particularly in the realm of foreign home buyers. Experts predict a modest yet sustainable increase of up to 5% in foreign property purchases, reflecting a steady recovery from the pandemic-driven uncertainties of previous years. This forecast signals not only…
Read MoreKUALA LUMPUR (Dec 13): Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has secured a sub-contract worth RM20.98 million for renovation works on 62 office units located on Old Klang Road. The sub-contract was awarded to its wholly-owned subsidiary, Exsim Concepto Sdn Bhd, by interior renovator firm Ntim Reno Sdn Bhd, according…
Read More(From left) Lum and Chee Kin guiding Nga (second from right) and his entourage during the tour. PETALING JAYA: Housing and Local Government Minister Nga Kor Ming has commended 168 Park Selayang Sdn Bhd (168 Selayang Park) for turning around the formerly abandoned housing development Selayang Star City. 168 Park Selayang was established after its…
Read MoreDatuk Seri Azmir Merican: “This balance between managing debt effectively and leveraging it for future growth enables us to advance our growth plans and diversify our income streams responsibly.” KUALA LUMPUR (Dec 16): Sime Darby Property Bhd has retained the AA+IS rating with a stable outlook for its RM4.5 billion Islamic Medium-Term Notes (IMTN) Programme…
Read MoreKUALA LUMPUR (Dec 16): Advancecon Holdings Bhd (KL:ADVCON) has bagged a main infrastructure work contract worth RM44.6 million by Sime Darby Property Bhd (KL:SIMEPROP) for the development at Elmina West. The project was won by its wholly owned subsidiary Advancecon Infra Sdn Bhd, and will start from Jan 2, 2025 until July 1, 2026. The…
Read MoreKUALA LUMPUR — The country’s residential property market in the third quarter of 2024 (3Q 2024) recorded 70,520 transactions, the highest in 10 years, with a value of almost RM29 billion, an increase of 2.9 per cent in terms of number and 1.3 per cent in transaction value compared to the same period in 2023. …
Read MoreKerjaya Prospek to pay Tee Eng Seng’s family vehicle RM292m in preference share redemption Kerjaya Prospek issued the redemption notice to the investment vehicle, Javawana Sdn Bhd, on Dec 9, according to the property development company’s bourse filing on Thursday. KUALA LUMPUR (Dec 12): Kerjaya Prospek Property Bhd (KL:KPPROP) said it will redeem the outstanding…
Read MoreEco World Development deputy chairman Leong Kok Wah redesignated as non-executive director Leong, 71, served as non-independent non-executive deputy chairman of the group since November 2013. He is Eco World Development’s largest shareholder controlling a 32.89% stake. KUALA LUMPUR (Dec 12): Eco World Development Group Bhd’s (KL:ECOWLD) largest shareholder and deputy chairman Datuk Leong Kok…
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