KUALA 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…
Read MoreKUALA LUMPUR (March 13): Construction firm Kerjaya Prospek Group Bhd (KL:KERJAYA) said on Thursday that it has secured an RM11.64 million contract for construction works from Tanjung Pinang Development Sdn Bhd (TPDSB). In a filing with the exchange, Kerjaya Prospek said its wholly-owned subsidiary, Kerjaya Prospek (M) Sdn Bhd, had accepted a letter of award…
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 MoreJudge Datuk Amarjeet Singh Serjit Singh dismissed the judicial review application and ordered the residents to pay costs. The judge ordered them to pay RM10,000 costs each to the Kuala Lumpur mayor and the federal territories minister. He did not provide any grounds for dismissing the judicial review after the merits of the application were…
Read MoreKUALA LUMPUR (March 12): Visitors to Merdeka 118 now have a smoother, more efficient route into the precinct with the opening of the Belfield Tunnel, an infrastructure project by PNB Merdeka Ventures Sdn Bhd (PMVSB), a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB). This enhances connectivity to Menara Merdeka 118, the world’s second-tallest tower, while…
Read MoreKUALA LUMPUR (March 12): Conglomerate IJM Corp Bhd (KL:IJM) said on Wednesday it has secured a 143-year leasehold interest in 25 Finsbury Circus — formerly known as 1-5 London Wall Buildings — for £72.5 million (RM407.9 million) from private equity firm TPG Angelo Gordon. The property, located less than two minutes from Liverpool Street Station,…
Read MoreKUALA LUMPUR (March 11): GuocoLand (Malaysia) Bhd (KL:GUOCO) has lodged its proposed RM500 million medium-term notes (MTN) programme with the Securities Commission Malaysia (SC) under the lodge and launch framework. In a filing with Bursa Malaysia on Monday, the company said proceeds from the MTN programme would be used for capital expenditure, investments, asset acquisitions,…
Read MoreKUALA LUMPUR (March 11): Eight companies will file an appeal against the decision of the Malaysia Competition Commission (MyCC) regarding the RM92.8 million penalty imposed on them over allegations of involvement in a bid-rigging cartel for open tenders. The companies involved are Dutamesra Bina Sdn Bhd, IDX Multi Resources Sdn Bhd, Mangkubumi Sdn Bhd, Menang…
Read MoreKUALA LUMPUR (March 11): ACE Market-bound Lim Seong Hai Capital Bhd (KL:LSH) has signed a 20-year concession agreement to operate and maintain the iconic Kuala Lumpur Tower, after almost a year it first announced the contract win. In a filing with Bursa Malaysia on Monday, LSH Capital said it has signed the concession agreement with…
Read More
Looking to invest in high-growth real estate? Don’t ..
