The central bank anticipates global growth to be sustained by positive labour market conditions, moderating inflation, and less restrictive monetary policies, with global trade to remain supported by the ongoing tech upcycle, although it flagged risks from uncertainties surrounding tariffs, major economies’ policies, and geopolitical developments. KUALA LUMPUR (March 6): Bank Negara Malaysia (BNM) maintained…
Read MoreKUALA LUMPUR (March 4): Eco World Development Group Bhd announced today that it had entered into a sale and purchase agreement with Deye New Energy Technology (Malaysia) Sdn Bhd (Deye) to sell 32.9 acres of industrial land for RM119 million. The land is located at Eco Business Park II (EBP II) in Senai, Iskandar Malaysia….
Read More“But we are now re-studying whether we could do a whole redevelopment. We will tear down everything and then build a RM900 million GDV project,” Chew said in regards to its newly-acquired Taman U-Thant property. KUALA LUMPUR (March 4): Paramount Corp Bhd (KL:PARAMON) is targeting RM400 million worth of land replenishment deals this year to pave…
Read MoreParamount Corp reviewing plans to manage growing cash pile, decision by mid-2025, says group CEO The shift could free up cash as fewer funds are being channelled back to its property development activities, Chew said. KUALA LUMPUR (March 4): Paramount Corp Bhd (KL:PARAMON) is in the midst of reviewing its dividend strategy, including raising payouts,…
Read MoreNestcon to diversify into property development as it jointly undertakes apartment job in PJ The company is seeking its shareholders’ approval for the proposed business diversification, as the property development is expected to contribute at least 25% to its net profits and net assets in the future. KUALA LUMPUR (March 4): Construction outfit Nestcon Bhd…
Read MoreKUALA LUMPUR (March 4): Lembaga Tabung Angkatan Tentera (LTAT) aims to reduce its strategic asset holdings to 35% under ‘Project Earth’, while addressing the gap between investment costs and balance sheet value to ensure more competitive returns. Currently, 62.9% of LTAT’s portfolio consists of strategic assets, said its chief executive officer (CEO) Mohammad Ashraf Md…
Read MoreKUALA LUMPUR (March 4): UEM Edgenta Bhd (KL:EDGENTA) has secured a RM40.43 million recurrent, related-party contract to provide traffic management plan and control services for two sections of the Kuala Lumpur-Karak Highway. The contract, awarded by AFA Construction and Engineering Sdn Bhd (AFACE) to UEM Edgenta’s wholly-owned Edgenta Propel Bhd (EPB), is considered a related-party…
Read MoreSime Darby Property confident in data centre expansion despite US semiconductor tariffs Group managing director and chief executive officer Datuk Seri Azmir Merican said the company’s data centre projects are backed by US hyperscale operators, including Google, which qualify for exemptions under US regulations. KUALA LUMPUR (March 3): Sime Darby Property Bhd (SDP) remains confident…
Read MoreThe contract, awarded by Eco Sanctuary Sdn Bhd, covers phases one to four of the proposed Seruma Integrated Development at Eco Santuari, according to a bourse filing. KUALA LUMPUR (Feb 28): Inta Bina Group Bhd (KL:INTA) has secured a RM181 million contract to undertake the construction of a mixed commercial development project in Kuala Langat,…
Read MoreContributed by Datuk Chang Kim Loong A self-help initiative for rejuvenation, renewal and redevelopment efforts should be implemented without the need to legislate the Urban Redevelopment Act (URA), which risks dividing owners into dissenting groups. Instead, successful redevelopment often requires collaboration, legal frameworks and careful planning among property owners and self-sourced developers or building contractors….
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