KUALA LUMPUR (Jan 13): Malaysia’s wholesale and retail trade growth decelerated to 4.7% year-on-year in November, largely driven by sales in non-specialised and specialised stores, official data on Monday showed. Distributive trade totalled RM149.3 billion in November, the Department of Statistics Malaysia said in a statement. The rate was a tad slower than the 5.5%…
Read MoreKUALA LUMPUR (Jan 13): City Motors Group has officially opened its 42-storey Alfa Bangsar mixed-use development located at the intersection of Jalan Maarof and Jalan Tandok in Bangsar, Kuala Lumpur, last Friday (Jan 10). Alfa Bangsar, which has a gross development value of RM450 million, offers three components: 178 serviced apartment units with built-ups ranging…
Read MoreKUALA LUMPUR (Jan 10): Seventeen individuals, including seven civil servants from a Land and Mines Office in Selangor have been arrested to assist investigations into illegal land transfer activities. Bukit Aman Commercial Crime Investigation Department (CCID) director Datuk Seri Ramli Mohamed Yoosuf said the individuals, aged between 33 and 57, are being investigated. He said…
Read MoreThe project is located in Brinchang’s commercial hub, featuring 705 residential units, with built-ups ranging from 595 to 1,370 sq ft, and priced from RM476,000. KUALA LUMPUR (Jan 10): LBS Bina Group Bhd (KL:LBS) has launched Centrum Iris, the second precinct of Cameron Centrum and the largest mixed development of commercial offerings located in Cameron…
Read MoreKUALA LUMPUR (Jan 10): Prime Minister Datuk Seri Anwar Ibrahim has asked Kuala Lumpur City Hall (DBKL) to go out and inspect the dilapidated business areas around Jalan Masjid India which are in need of improvement. He said the rows of shops and stalls, including those that have been established a long time ago in…
Read MoreKUALA LUMPUR (Jan 10): The frequency of Keretapi Tanah Melayu (KTM) bus and commuter train services on the Port Klang-KL Sentral-Port Klang route will each be reduced by 30 minutes during peak hours from Jan 17 and Jan 20 respectively. Transport Minister Anthony Loke Siew Fook said this was to balance the work on the…
Read MoreKUALA LUMPUR (Jan 10): Risks are building up towards an earlier rate hike due to Malaysia’s removal of RON95 petrol subsidies, according to BMI, a Fitch Solutions company, though it officially forecasts the rate to remain unchanged this year. The proposed RON95 petrol subsidy rationalisation — set to be implemented by mid-2025 as announced in…
Read MoreKUALA LUMPUR (Jan 10): Sime Darby Property Bhd (KL:SIMEPROP) said on Friday it has fully acquired two modern double-storey logistics warehouses in Bandar Bukit Raja, Selangor for RM232 million. The assets — previously owned by a 50:50 joint venture with a Japanese consortium — consolidates Sime Darby Property’s ownership of the logistics assets, the company…
Read MoreProperty management: MIPFM refutes call for separate board to address ‘weaknesses’ While Foo’s article raises important questions about the challenges in strata property management, the proposed separation of roles and regulatory bodies is not a viable solution. Dr. Foo Chee Hung’s article on Dec 18 titled “Separate board of property managers needed to address current…
Read MoreKUALA LUMPUR (Jan 9): Former Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Samad has filed an application to disqualify the law firm of Messrs Lee Hishammuddin Allen & Gledhill (LHAG) from representing Felda and its subsidiary Felda Investment Corporation Sdn Bhd (FIC) in its RM2 billion suit against him and 28 others, in…
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