Sunway Property, the property arm of Sunway Bhd, will hold a preview of the RM1.8 billion Sunway Velocity 3 by the end of this month.

The project, which is the latest phase in the integrated development of Sunway Velocity Kuala Lumpur, will be a serviced residence with co-living-ready f...

Sunway Property to preview Sunway Velocity 3 this month

Mah Sing Group Bhd is planning to take its business to the next level through the expansion of its property arm as well as the listing of its plastic and rubber glove manufacturing divisions within the next three years. In an interview with City & Country, founder and group managing ...

Cover Story: Business expansion on the cards

Net-zero carbon (NZC) goals are driving the demand for sustainable office buildings in Asia, according to JLL’s report Asia’s Decade of Action: Accelerating the transition to Sustainable Workplaces. The report stated that 87% of occupiers in Asia are targeting 100% green-certified portfolios by 2...

JLL: Net-zero carbon goals drive accelerated demand for sustainable workplaces in Asia

US-based non-profit association for corporate real estate (CRE) professionals CoreNet Global hosted its 2024 Global Asia-Pacific (Apac) Summit in Kuala Lumpur last month, which gathered 670 leaders in the CRE profession from Fortune 500 companies all around the world.

Held from March 5 ...

CoreNet Global continues to advance, support corporate real estate practice

Tujuh Residences, the first residential project launched within the 94-acre Kwasa Damansara City Centre (KDCC) master plan in Shah Alam, Selangor, has received an encouraging market response since its soft launch in early October last year.

“The Tujuh Residences showroom is currently op...

Tujuh Residences receives encouraging market response

Real estate developers in Malaysia have a neutral outlook on the property industry for the first half of the year (1H2024), according to the Real Estate and Housing Developers’ Association Malaysia’s report titled “Property Industry Survey 2H2023 and Market Outlook for 2024”. The results were pre...

Neutral outlook for property industry in 1H2024

Gamuda Land, the property arm of Gamuda Bhd, is looking to launch the freehold 532-acre Gardens Park in the next quarter. The first phase of the development will offer two-storey terraced homes, according to the chief operating officer of project operations Wong Siew Lee.

In an intervie...

Cover Story: Seamless, green connections

With only one major completion — the Merdeka 118 tower — and currently low supply, the Kuala Lumpur and Selangor office market is expected to face supply pressure, according to Knight Frank Malaysia executive director (office strategy and solution) Teh Young Khean when presenting The Edge Mal...

The Edge Malaysia | Knight Frank Kuala Lumpur and Selangor Office Monitor 4Q2023: KL and Selangor office market on positive trajectory

Since the opening of its dining enclave just over a year ago, Bamboo Hills by UOA Development Bhd has become one of the Klang Valley’s most attractive destinations, offering a unique dining concept comprising individual pavilions nestled within a 16.48-acre green landscaped setting, complete with...

UOA Development to launch Bamboo Hills Residences in 2Q

While some countries or cities battle more pressing matters such as poverty, corruption and climate change, restoring and conserving buildings or parts of a neighbourhood may seem unnecessary as millions of dollars have to be spent. But the reality of it is far more complex as the benefits of res...

‘Restoration and conservation of historic cities contribute to their socioeconomic development’

A catchy new name is gradually making its presence known in the Klang Valley’s retail scene. MeMi ZoooZooo, which has a quirky and unique rhyme to its name, offers mini marts and grocers that operate 24 hours a day. The brand was launched in August 2022 by former contractor and property developer...

Kenwingston announces big plans for MeMi ZoooZooo

Gamuda Land, the property arm of Gamuda Bhd, is looking to launch the 532-acre Gardens Park — an extension of the popular Gamuda Gardens in Rawang — in the next quarter. Project operations COO Wong Siew Lee tells City & Country that the new project, which will expand the developer’s presence in Rawang to more than 1,300 acres, features the concept of “a town in a park”.

Growing big in northern Klang Valley

Kuala Lumpur has evolved over time to become a cosmopolitan city that is a successful marriage of old and new. As time progresses, however, older parts of the capital are slowly being left by the wayside, much like a former favourite toy left forgotten in the cupboard.

Think City S...

Revitalising the historical parts of downtown KL

The market is still in the recovery stage post pandemic, albeit remaining active, Nawawi Tie Leung (NTL) Property Consultants Sdn Bhd executive director and regional head of research and consulting Saleha Yusoff says in The Edge Malaysia | Nawawi Tie Leung Property Consultants Penang Hou...

The Edge Malaysia | Nawawi Tie  Penang Housing Property Monitor 4Q2023: Still in recovery stage, albeit remaining active

Dubai Airports Chief Operating Officer (COO), Majed Al Joker announced that Dubai International Airport (DXB) will resume normal operations within 24 hours, signifying a return to its full capacity and regular schedule.

Dubai International Airport set to resume full operations within 24 hours

The remains of the late Tan Sri Joseph Kurup arrived at the Kota Kinabalu International Airport here at 11.20pm on a commercial flight.

The flight which was initially scheduled at 9.15am on Thursday was cancelled due to ash clouds from Mount Ruang’s volcanic eruption in North Sulawesi, Indonesia, engulfing the air space.

Remains of late Joseph Kurup arrive in Kota Kinabalu on Thursday night

FE Green Pet (M) Sdn Bhd’s new high-tech recycling factory is expected to make Melaka a green investment destination and complement the economic growth strategy in the state, said Melaka Chief Minister Datuk Seri Ab Rauf Yusoh.

He said with an investment totalling approximately RM958 million, the plant on 14 hectares of land is projected to be completed by 2Q 2025, creating almost 500 jobs.

RM958 mil high-tech recycling factory puts Melaka on green investors map — Ab Rauf

The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower for the fifth consecutive day, said palm oil trader David Ng.

He said the weaker soybean oil market and lower crude oil prices continue to pile pressure on prices.

CPO futures end lower for 5th consecutive trading day

The US dollar's dominant reserve currency status is likely to endure partly because even the most talked about alternative the Chinese yuan falls short as a credible challenger, Morgan Stanley said in a report on Thursday.

Rivalry with China, Russia's war in Ukraine, wrangling in Washington over the US debt ceiling and rising debt levels have put the dollar's status as the world's dominant currency under scrutiny in recent years.

Dollar's dominant reserve currency status to endure, says Morgan Stanley

Wall Street's main stock indexes gained on Thursday as investors cheered upbeat earnings across several sectors, while advancing megacap growth stocks were amongst the biggest boosts.

Megacap growth stock Meta Platforms outpaced peers and gained 2.7% after Bernstein raised its price target to US$590, a sixth such hike on the stock this week.

Wall St ticks up on megacaps, earnings boost

Goldman Sachs Group Inc President John Waldron warned that out-of-control spending could expose the US to serious risk in the event of a political crisis.

Goldman’s Waldron sounds alarm over US debt jolt to markets

The head of the International Monetary Fund warned the US that the global economy is closely watching interest rates and industrial policies given the potential spillovers from the world’s biggest economy and reserve currency.

“All eyes are on the US,” Kristalina Georgieva said in an interview on Bloomberg’s Surveillance on Thursday.

IMF boss says ‘all eyes’ on US amid risks to global economy

KUALA LUMPUR (April 18): Here is a brief recap of some business news and corporate announcements that made the headlines on Thursday:

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiT...

HeiTech Padu, Axiata, AmanahRaya REIT, AmFirst REIT, RHB Bank, 7-Eleven Malaysia, MBSB, Awantec, MAA Group, UMediC, Systech, Pansar, Auro, Kimlun and AWC

Swiss state prosecutors are seeking long prison terms for two men accused of embezzling US$1.8 billion from 1Malaysia Development Bhd (1MDB) — Saudi-Swiss businessman Tarek Obaid and his Swiss-British business partner Patrick Mahony, the AFP reported.

Swiss prosecutors seek long jail terms for duo in US$1.8bil 1MDB fraud — report

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

Federal Court dismisses MBPJ’s appeal on residents' boom gate operation

Datuk Farhash Wafa Salvador, former political aide to Prime Minister Datuk Seri Anwar Ibrahim, has ceased to be a substantial shareholder of HeiTech Padu Bhd, just one month after acquiring a 15.9% stake via a private vehicle in the company.

Amid controversy over govt contracts, Farhash ceases to be HeiTech Padu substantial shareholder after one month

Elon Musk said some of the severance packages sent to former Tesla Inc employees as part of its biggest-ever workforce reduction were too low.

Musk apologises for ‘incorrectly low’ Tesla severance packages

Malaysia Building Society Bhd (MBSB) has recommended a final dividend of 3.5 sen for the financial year ended Dec 31, 2023 (FY2023).

This would equate to a payout of RM287.78 million, based on the bank’s share base of 8.22 billion shares as at end-December 2023, according to MBSB’s bourse filing on Thursday.

MBSB proposes 3.5 sen dividend for FY2023

Digital payment and financial technology provider Ant International is going to establish what it calls a new digital business centre in Malaysia, creating more than 500 job opportunities in the first year, with more hirings in the next four years until 2028.

Ant International to set up new business centre in Malaysia, creating over 500 jobs

Bursa Malaysia Bhd’s wholly-owned Bursa Carbon Exchange (BCX) will hold its inaugural auction of renewable energy certificates (RECs) on June 25 to support Malaysia’s energy transition plans and corporates’ net-zero aspirations.

Bursa to hold auction of maiden RE certificates on June 25

When Iraq fired dozens of Scud missiles on Israel in early 1991, the US implored then prime minister Yitzhak Shamir not to respond. Shamir said he had to act. After days of late-night calls, high-level visits and long Cabinet meetings, Israel stood down and the US led a 42-nation alliance that defeated Iraq in what became the Gulf War.

Israel caught between hitting Iran and heeding allies

Bursa Malaysia continued its upbeat momentum to end higher for the second straight day on Thursday, due to an improvement in sentiment and a resurgence in bargain-hunting following the recent downturn, said an analyst.

Bursa closes higher on improved sentiment, bargain hunting

KUALA LUMPUR (April 18): IT services firm Systech Bhd said on Thursday that shareholders have approved several proposals, including an acquisition and bonus shares issue.

Systech gets shareholders’ nod for acquisition, bonus shares issue

KUALA LUMPUR (April 18): AwanBiru Technology Bhd (Awantec) said trading in its shares will be suspended from April 26, after the group failed to submit its regularisation plan to the regulators for approval within the stipulated timeframe.

Awantec faces trading suspension from April 26 after failing to submit regularisation plan

After spending over two years in court due to a suit from Empire Holdings Ltd, MAA Group Bhd, its major shareholder Tunku Datuk Yaacob Khyra and Turiya Bhd have been dropped as parties in the suit over MAA’s purchase of Turiya shares from a Bahrain-based bank. &nbsp;

MAA Group exits legal bout over 2021 Turiya share acquisition under settlement deal

Malaysia needs to restructure the whole ecosystem of technical and vocational education and training (TVET) programmes, so that it can effectively meet the industry’s requirements, said Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai.

Revamp needed for TVET ecosystem to reduce mismatch, says FMM president

Economists at Citigroup Inc&nbsp;are going out on a limb by wagering that virtually everyone on Wall Street is wrong about the US Federal Reserve (Fed).

After&nbsp;three straight months&nbsp;of slightly faster-than-expected inflation readings, rivals at Bank of America Corp, Goldman Sachs Group, Morgan Stanley, and other banks have dialled back their forecasts for interest-rate cuts this year. Chair Jerome Powell lent support to those moves on Tuesday, when he&nbsp;signalled&nbsp;that policymakers are in no hurry to ease policy.&nbsp;

Citi says Wall Street wrong to slash Fed rate-cut bets

Australia brought 23 companies seeking investment in maritime decarbonisation and renewable energy (RE) sectors to Malaysia as part of the Australia-Southeast Asia Business Exchange programme.

Australia brings 23 firms looking to invest in maritime decarbonisation, RE sectors in Malaysia

Malaysia’s current tallest building, the Merdeka 118 tower, has been awarded the Leadership in Energy and Environmental Design (LEED) Platinum certification in the LEED v2009 Core and Shell rating system, marking it as the first megatall building in the country to achieve it, according to a press statement on Thursday.&nbsp;

Merdeka 118 first megatall building in Malaysia to get LEED Platinum certification

Pansar Bhd has secured a contract worth RM269.1 million to upgrade the capacity of a water treatment plant in Sibu, Sarawak.

The construction and infrastructure outfit secured the job from Lembaga Air Sibu via an open tender, through its wholly owned Perbena Emas Sdn Bhd.

Pansar bags RM269m job to upgrade water treatment plant in Sarawak

High-impact projects such as the Johor-Singapore Special Economic Zone (JS-SEZ) and&nbsp;Special Financial Zone&nbsp;(SFZ) in Forest City can spur Johor’s economy to outpace that&nbsp;of other states in the next one to two years, said Prime Minister Datuk Seri Anwar Ibrahim.

Special economic, financial zones can help Johor surpass other states economically, says Anwar

A former technician was brought before the Sessions Court again here on Thursday on a charge of posting offensive messages insulting Islam on his Facebook account in&nbsp;March, regarding the sale of stockings bearing the word 'Allah'.

'Allah' socks insults: Former technician brought before Sessions Court again

ACE Market-bound Sin-Kung Logistics Bhd, which launched its&nbsp;initial public offering (IPO) on Thursday, said that demand for trucking services remains intact amid higher logistics costs and economic uncertainty.

Sin-Kung expects demand for trucking services to stay intact amid higher logistics costs, economic uncertainty

A wedding party and prospective umrah pilgrims were among thousands of passengers stranded at Kota Kinabalu International Airport (KKIA), here, following the cancellation of flights involving Kuala Lumpur International Airport (KLIA), Sabah and Sarawak on Thursday.

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