KUALA LUMPUR (Feb 11): MGB Bhd (KL:MGB) has secured a contract worth RM194.72 million to undertake the construction of a 22-storey serviced apartment in Cameron Highlands. This raises the construction and property developer’s outstanding order book to RM1.27 billion, according to its bourse filing on Monday. MGB — in which LBS Bina Group Bhd (KL:LBS)…
Read MoreKUALA LUMPUR (Feb 10): Kumpulan Kitacon Bhd (KL:KITACON) announced on Monday that it has secured a RM104.3 million building works contract. The contract covers the construction and completion of 16 semi-detached factories with offices, four additional factory units, and three substations with related infrastructure in Bandar Bukit Raja III, Klang, Selangor, the company said in…
Read MoreKUALA LUMPUR (Feb 6): Precision components manufacturer Notion VTec Bhd (KL:NOTION) said it is acquiring a four-hectare vacant freehold agricultural land in Kapar, Klang, for RM29.62 million, as part of the expansion of its manufacturing operations. The expansion plans include the construction of a large new factory to accommodate growing production needs, Notion VTec said…
Read MoreKUALA LUMPUR (Feb 6): Malaysia’s industrial sector is poised to sustain its growth this year, supported by strong government initiatives, infrastructure advancements, and emerging industrial parks integrating artificial intelligence (AI), according to Knight Frank Malaysia. In a statement on Thursday, the real estate consultancy firm said global trade tensions, particularly the possibility of tariff hikes…
Read MoreKUALA LUMPUR (Feb 5): Citaglobal Bhd (KL:CITAGLB) said that the company has no immediate plan to develop the 1.58-acre land at Jalan Tun Razak, Kuala Lumpur that it intends to acquire from Bank Islam Malaysia Bhd (KL:BIMB) for RM73 million. “This strategic approach is to maximise long-term value creation (of the land),” Citaglobal said in…
Read MoreMACC examining documents on alleged misconduct by DBKL advisory board member over RM4m project, says Azam MACC chief commissioner Tan Sri Azam Baki: “The documents are definitely related to meetings and so on. The MACC is studying this information to look at only two issues, namely whether there is a criminal issue under our Act,…
Read MoreAhmad Zahid seeks electricity tariff exemption for homestay, kampung stay operators Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi highlighted the sector’s rapid growth, which attracted nearly 830,000 domestic and international tourists, generating an impressive RM54 million in revenue, last year. KUALA LUMPUR (Feb 4): Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi…
Read MoreKUALA LUMPUR (Feb 4): The Malaysian Institute of Architects (PAM) has received over 800 registrants for SinggahKL 2025, exceeding its target of 650 participants for the two-day guided tour featuring 15 selected buildings and sites in Kuala Lumpur. This tour, which will be held on Feb 15 and 16, will centre around the theme of “Augmentic…
Read MoreKUALA LUMPUR (Feb 4): HCK Capital Group Bhd’s (KL:HCK) non-independent non-executive director Datuk Diong Tak Chong @ Tiong Tak Chong has emerged as a substantial shareholder of the property developer with a 5.27% stake. This came after Tiong converted warrants into 2.6 million shares or a 0.42% stake on Jan 28, according to HCK Capital’s…
Read MoreKUALA LUMPUR (Feb 4): Sunway Real Estate Investment Trust’s (KL:SUNREIT) net property income (NPI) has increased by 22% to RM165.55 million for the fourth quarter ended Dec 31, 2024 (4QFY2024), from RM135.66 million in the same quarter a year earlier. The real estate developer said the higher NPI was driven by nine newly acquired properties…
Read More
