KUALA LUMPUR (June 27): Permodalan Nasional Bhd’s (PNB) gross income dropped 20.64% to RM14.53 billion for the year ended Dec 31, 2022 (FY2022), from RM18.31 billion a year earlier, while net income fell 11.9% to RM10.38 billion from RM11.79 billion, amid the weak performance of both bond and equity markets. “The year under review (FY2022)…
Read More“The redevelopment of Sultan Abdul Aziz Shah Airport (SAAS) will not cannibalise KLIA Terminal 1 in any way,” he said, adding that the SAAS will be the city airport catering to a niche market. SEPANG (June 27): Kuala Lumpur International Airport (KLIA) Terminal 1 will undergo drastic changes in three years with the implementation of several efforts…
Read MoreKUALA LUMPUR (June 26): Khazanah Nasional Bhd (Khazanah) is set to create a new green investment platform to attract more direct investment locally and from abroad, says Prime Minister Datuk Seri Anwar Ibrahim. He said the initiative aimed at helping local companies, especially Bumiputera firms, which would also result in more high-quality jobs for the…
Read MoreThe development received encouraging response from first-time home buyers and those looking to upgrade to bigger properties close to the city. KUALA LUMPUR: Radium Development Bhd (Radium), a property developer in Kuala Lumpur, is excited to announce the launch of its highly anticipated projects for 2023, showcasing its dedication to constructing urban residences and affordable…
Read MoreKUALA LUMPUR (June 26): Radium Development Bhd on Monday (June 26) officially launched Desa East Residence in Sungai Besi, Kuala Lumpur. The residential development carries an approximate gross development value (GDV) of RM1 billion. Sitting on a 9.77-acre plot of land in Sungai Besi, Desa East Residence comprises two components, namely Vista Adesa Residensi Wilayah…
Read MoreKUALA LUMPUR (June 26): IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corp Bhd, has been awarded a RM653.6 million contract for the design, execution and construction of Phase 1 of the Shah Alam International Logistics Hub in Selangor. The project, commissioned by Global Vision Logistics Sdn Bhd, will establish the country’s first…
Read MoreKUALA LUMPUR (June 26): Sime Darby Property Bhd achieved 85% take-up for its recently launched Laman Idaman shop offices in its Bukit Jelutong township development, Shah Alam, Selangor. Offering six lots of sizes ranging from 22ft by 70ft to 40ft by 70ft and built-ups of 3,079 sq ft to 6,914 sq ft, the 35 units…
Read MoreKUALA LUMPUR (June 26): MyHSR Corporation Sdn Bhd (MyHSR Corp) has appointed Datuk Seri Fauzi Abdul Rahman (pictured) as its new non-executive chairman, effective last Thursday (June 22). “As we embark on this new chapter for the project, his long history of astute leadership and unwavering commitment to positive growth will strengthen our resolve in…
Read MoreKUALA LUMPUR (June 26): HSBC Bank Malaysia Bhd and Sunway Real Estate Investment Trust (REIT) have announced a collaboration to execute its first sustainability-linked cross-currency swap (CCS) in Malaysia worth RM200 million. “The CCS supports the leading local REIT player’s long-term vision for developing a more sustainable business and reinforces the increased focus of the…
Read MoreKUALA LUMPUR (June 26): The government has decided to reduce property assessment tax by 25% for affordable housing owners in Kuala Lumpur starting in the second half of this year. This is to reduce the burden of living cost for the bottom 40% (B40) and middle 40% (M40) income groups in the city, said Prime…
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