News

KLCC (Holdings) Sdn Bhd Acquires Bandar Malaysia Land KLCC (Holdings) Sdn Bhd (KLCCH), a subsidiary of Petroliam Nasional Bhd (Petronas), has announced the acquisition of 486 acres of prime land in Bandar Malaysia, Jalan Sungai Besi, Kuala Lumpur. The transaction, which had been under wraps, was finalized on October 4, 2024, with the sale-and-purchase agreement signed between KLCCH, Bandar Malaysia Sdn...

Federal Agencies Approve Revised PJD Link Highway Alignment: Selangor's Decision Awaits The proposed Petaling Jaya Dispersal Link (PJD Link) highway has taken a significant step forward, with federal agencies giving their nod to the revised alignment proposed by PJD Link (M) Sdn Bhd, the project developer. However, the Selangor state government now holds the final say on whether the project will...

Tropicana Corporation Berhad has announced its unaudited financial results for the third quarter ending September 30, 2024. While the group reported a revenue of RM877.8 million, a 21.9% decrease compared to the same period last year, the results underscore Tropicana’s strategic focus on debt reduction and long-term sustainability. Revenue Performance Overview The RM877.8 million revenue was...

Toll Exemptions Announced for Christmas 2024 In celebration of Christmas, the Malaysian government has announced toll exemptions for Class 1 vehicles (personal cars) on Dec 23 and 24, 2024. The toll-free initiative will cover all highways, excluding tolls at border crossings, such as the Sultan Iskandar Building and Tanjung Kupang toll plazas. Works Minister Alexander Nanta Linggi confirmed the...

Radium Development and GreenRE: Pioneering Sustainable Urban Living Radium Development Bhd (KL) has made a significant stride towards sustainability by signing a memorandum of understanding (MOU) with GreenRE Sdn Bhd. This partnership underscores Radium’s commitment to integrating green building practices into its projects, aligning with Malaysia’s green agenda and global environmental standards. A...

Malaysia My Second Home (MM2H): Enhancing Transparency and Flexibility The Malaysia My Second Home (MM2H) programme, a flagship initiative to attract long-term foreign residents, is undergoing significant enhancements by the Tourism, Arts and Culture Ministry (MOTAC). These updates aim to ensure smoother operations, greater transparency, and increased flexibility for participants. Strengthening...

Lightwater Residences at The Light City: Setting New Standards in Luxury Waterfront Living Penang’s real estate landscape is about to reach new heights with the introduction of Lightwater Residences, the most luxurious development in the state. Located within the prestigious The Light City in Gelugor, this high-end project by IJM Land Bhd is poised to set a benchmark in waterfront living, blending...

Selangor-Kuala Lumpur Border Demarcation: A Two-Year Plan The long-standing ambiguity over the borders between Selangor and Kuala Lumpur is set to be resolved within two years. Selangor Menteri Besar Amirudin Shari announced the update, emphasizing the importance of clear boundaries for effective governance and urban planning. Why the Border Demarcation Matters The Selangor-Kuala Lumpur boundary...

The Sarawak Land Code: Balancing Development and Indigenous Rights The Sarawak Land Code is a cornerstone of land management in Sarawak, serving as a legislative framework to govern land administration and use in the state. Enacted in 1958, during the Brooke administration, the code plays a pivotal role in balancing economic development, the preservation of indigenous rights, and sustainable land use....

Radium Development Achieves Revenue Growth and Expands Property Portfolio with New Projects Radium Development Bhd reported a 3.6% year-on-year increase in revenue for the third quarter of the fiscal year ending 2024 (3QFYE2024), reaching RM48.5 million, up from RM46.8 million in the same quarter last year. The company also recorded a significant turnaround in profitability, with profit before tax rising...