KUALA LUMPUR (Dec 11): The Ministry of Energy Transition and Water Transformation (Petra) sees electricity supply demand for data centres increasing to 20.9 gigawatts (GW) by 2040. Deputy Minister Akmal Nasrullah Mohd Nasir (pictured) said the estimate was obtained from the Planning, Implementation and Electricity Supply and Tariff Committee Meeting, which also projected electricity supply…
Read MoreGamuda takes up 20% stake in Google Cloud partner, teams up with DNeX to provide Google Cloud services The purchase of Cloud Space could lead the way for Gamuda to tap into the RM36 billion technology services market, with core offerings in cloud and artificial KUALA LUMPUR (Dec 10): Gamuda Bhd (KL:GAMUDA) is acquiring a…
Read More“REHDA understands that homeowners want to ensure that their rights are protected against errant developers or contractors, but the guidebook was never meant to be used as a checklist of any sort,” said president, Datuk Ir Ho Hon Sang. KUALA LUMPUR (Dec 11): The Real Estate and Housing Developers’ Association (REHDA) Malaysia views the retraction…
Read MoreGagasan Nadi Cergas inks deal to build over RM1b worth of affordable homes in Kwasa Damansara This marks the group’s second collaboration with Kwasa Land, following an agreement between them for Gagasan Nadi to develop 1,669 affordable housing units on Plot R4-1 in Kwasa Damansara last year. KUALA LUMPUR (Dec 10): Construction and property group…
Read MoreKUALA LUMPUR (Dec 10): Trading in the securities of property developer SkyWorld Development Bhd (KL:SKYWLD) will be suspended on Tuesday (Dec 10) pending the release of an announcement on a material transaction. In a filing with Bursa Malaysia on Monday, SkyWorld said the stock exchange had approved its request for a trading suspension from 9am…
Read MoreInta Bina is buying the 2.72-acre freehold land from QL Resources Bhd’s (KL:QL) wholly-owned QL Agrifoods Sdn Bhd. KUALA LUMPUR (Dec 6): Construction outfit Inta Bina Group Bhd (KL:INTA) said it is buying a plot of land in Bukit Jelutong, Selangor, for RM23 million, cash, for property development. Inta Bina is buying the 2.72-acre freehold…
Read MoreZainora has been with CIDB for 26 years and has held various positions, including senior general manager of the technology development sector, CIDB Kuala Lumpur director, and general manager of the business environment and international divisions. KUALA LUMPUR (Dec 9): The Construction Industry Development Board (CIDB) Malaysia appointed Zainora Zainal (pictured) as its new chief…
Read MoreKUALA LUMPUR (Dec 6): Analysts have raised the earnings forecast for Pavilion Real Estate Investment Trust (KL:PAVREIT) after acquiring two premier hotels namely Banyan Tree Hotel and Pavilion Hotel in Kuala Lumpur for a sum of RM480 million. “The group plans to fund the acquisition through the issuance of new shares. “While the assets are…
Read MoreKUALA LUMPUR (Dec 5): Pavilion Real Estate Investment Trust (KL:PAVREIT) has proposed to buy two hotels in Kuala Lumpur for an aggregate RM480 million, and undertake a private placement to raise up to RM552 million to fund the acquisitions. It said its trustee, MTrustee Bhd, has entered into agreements to acquire Banyan Tree KL for…
Read MoreCypark, Terengganu Inc to develop hybrid hydro floating solar plant at Tasik Kenyir Cypark executive chair Datuk Hamidah Moris said the project reflects its ambition to make an impact by helping to advance a circular economy that aligns with the United Nations’ (UN) Sustainable Development Goals (SDGs), specifically SDG7 for affordable and clean energy and…
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