KUALA LUMPUR (March 8): Plastic products manufacturer Scientex Bhd is set to acquire land in Batang Berjuntai, Kuala Selangor, for a total of RM335.68 million to enhance its property development land bank. In bourse filing on Friday, Scientex disclosed that its wholly owned subsidiary Scientex Park (M) Sdn Bhd has entered into a conditional sale…
Read MoreKUALA LUMPUR (March 8): Property developer, Scientex Bhd, is revolutionising its land acquisition process with the help of EdgeProp EPIQ, a comprehensive property data and market research tool. By leveraging EPIQ’s data mapping, Scientex has achieved a 100% digitised workflow, streamlining decision-making and accelerating project timelines. EPIQ: Empowering market research for developers Traditionally, market research for…
Read MoreMinister Nga Kor Ming: Through the Department of Town and Country Planning (PLANMalaysia), we have completed the master guidelines of the urban redevelopment for the country and it has been approved by the Cabinet in 2023 HONG KONG (March 8): The Ministry of Housing and Local Government (KPKT) is now at the final stage of…
Read MoreStar Media’s dispute with JAKS Resources goes back to High Court six years after it started A three-member Federal Court bench on Thursday unanimously dismissed Star Media Group’s appeal against a decision unfavourable to the media company issued by the Court of Appeal in 2021 — which set aside a prior High Court’s summary judgement…
Read MoreKUALA LUMPUR (March 7): The merging of Pelaburan Hartanah Bhd (PHB) into the Bumiputera Investment Foundation (YPB) is underway, according to the Prime Minister’s Office (PMO). The PMO said various prerequisite approvals for the merger are being sought from several parties, including the Companies Commission of Malaysia and the Ministry of Finance. “The merger mechanism…
Read MoreKUALA LUMPUR (March 7): Property developer Exsim Group’s founders, the Lim brothers, are acquiring a 65.9% stake in Pan Malaysia Holdings Bhd (PM Holdings) from three companies linked to prominent businessman Tan Sri Khoo Kay Peng for RM36.73 million or six sen a share. This confirms a report in Jan 22-28 edition of The Edge…
Read MoreKUALA LUMPUR (March 8): SkyWorld Development Bhd has been chosen by Kincentric as the best employer in Malaysia for 2023. This is the fifth time SkyWorld has scored such an honour, with the fourth being in 2021. According to Lee Chee Seng, chief executive officer of SkyWorld, this fifth recognition by Kincentric is another…
Read MoreKUALA LUMPUR (March 8): Hyatt Regency Kuala Lumpur at KL Midtown is expected to open in 2025, according to KL Midtown Sdn Bhd director David Khor during the topping out ceremony of Hyatt Regency Kuala Lumpur here on Friday. KL Midtown Sdn Bhd is a joint venture between Hap Seng Consolidated Bhd’s subsidiary Hap Seng…
Read MoreKUALA LUMPUR (March 6): Bank Pembangunan Malaysia Bhd said on Wednesday it is providing financing totalling RM253.5 million for construction of a data centre in Cyberjaya, Selangor. The tawarruq asset financing facilities would back the construction of a so-called tier-three data centre by Pi Data Centre Sdn Bhd (PiDC), Bank Pembangunan said in a statement….
Read MoreKUALA LUMPUR (March 7): MIDF Research has maintained a positive outlook on the property sector as it remains sanguine on property companies going forward. In a note today, it said buying sentiment on property is expected to remain healthy going forward as the landscape for the property sector is improving. “New sales for property companies…
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