GEORGE TOWN: The State Government, through the Penang Institute, is inviting relevant parties to submit Expressions of Interest (EOI) for the proposed establishment of the Penang International Financial Centre (PIFC). Chief Minister Chow Kon Yeow stated that eligible participants include financial institutions, property developers, industry leaders, and investment firms. “The EOI documents can be obtained…
Read MoreTSR said the contract was awarded by Kwasa Land Sdn Bhd, a wholly-owned subsidiary of the Employees Provident Fund (EPF). KUALA LUMPUR (March 19): TSR Capital Bhd (KL:TSRCAP), a construction and property developer, has been awarded a RM219 million contract by Kwasa Land Sdn Bhd for infrastructure and water reservoir construction at the Kwasa Damansara…
Read MoreKUALA LUMPUR (March 18): Malaysian Resources Corp Bhd (KL:MRCB) has struck a land swap deal with Cyberview Sdn Bhd, in which the Minister of Finance Inc owns a 92.24% stake. The other shareholders of Cyberview — the master developer of Cyberjaya — include Sime Darby Property Bhd (KL:SIMEPROP), with a 5.17% stake, and Permodalan Nasional…
Read MoreKUALA LUMPUR (March 17): The Electric Train Service (ETS) has achieved another milestone in its effort to expand the country’s rail network, with the launch of operations between the Butterworth, Padang Besar and Segamat stations on Saturday. Keretapi Tanah Melayu Bhd (KTMB) chief executive officer Datuk Mohd Rani Hisham Samsudin, in a statement, said the extended ETS service covers…
Read MoreKUALA LUMPUR (March 17): Prime Minister Datuk Seri Anwar Ibrahim has cautioned against any attempts to challenge the government by organising protests against the Urban Renewal Bill (URA). He said the government’s efforts in drafting the Bill are aimed at improving the well-being of the underprivileged, who have been forced to live in rundown, cramped flats with…
Read MoreKUALA LUMPUR (March 14): BRDB has acquired land at Wisma Damansara, Kuala Lumpur for a mixed-use development and will partner with British design firm Heatherwick Studio to design the integrated residential, retail and community spaces project that will promote a people-centred living environment. “This partnership with Heatherwick Studio marks a transformative moment for BRDB and…
Read MoreKUALA LUMPUR (March 13): Taghill Holdings Bhd (KL:TAGHILL), formerly known as Siab Holdings Bhd, is taking legal action against a developer to recover an alleged outstanding payment of RM4.91 million. In a filing with Bursa Malaysia on Thursday, Taghill Holdings said its wholly owned subsidiary, Taghill Projects Sdn Bhd, has served a payment claim on…
Read MoreFood and beverage offerings will include Luckin Coffee, China’s fastest-growing coffee chain, NomNom Food Hall, a digitally integrated dining hub, and Senkyaku Banrai, a Japanese-themed food street. Discussions are ongoing with Metrojaya to finalise its participation. KUALA LUMPUR (March 13): Hextar World at Empire City has signed key tenants at its signing ceremony on Thursday…
Read MoreKUALA LUMPUR (March 12): Automotive leather upholstery manufacturer Pecca Group Bhd (KL:PECCA) said it is acquiring land measuring 25,350 sq m in Bandar Serendah, Rawang, to support its expansion plans. The group is purchasing the leasehold industrial land from Saraya Glove Industries Sdn Bhd for RM17.43 million, according to Pecca’s filing on Bursa Malaysia on…
Read MoreKUALA LUMPUR (March 12): The government has approved 21 data centre projects under the Digital Ecosystem Acceleration Scheme with a total investment of RM113.8 billion since 2021. The Ministry of Investment, Trade and Industry (Miti) stated that the investments are expected to create 1,244 new job opportunities. “Foreign investment is the main contributor to data…
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