News

Binastra Corp Secures RM256.45 Million Data Centre Fit-Out Contract in Bukit Jalil Binastra Corp Bhd (KL) has secured a RM256.45 million contract for mechanical and electrical (M&E) fit-out works at a data centre along Jalan Jalil Perkasa, Bukit Jalil, Kuala Lumpur. This new job, awarded by Exsim Jalil Link Sdn Bhd, a subsidiary of the Exsim Group, marks another milestone for Binastra as it expands...

LBS Bina Group Bhd: Resilient Performance Despite Deferred Launches LBS Bina Group Bhd (KL:LBS), a leading property developer in Malaysia, has reported RM1.21 billion in property sales as of Nov 28, 2024. While its internal sales target of RM1.8 billion for the year is unlikely to be met due to deferred project launches, the group remains optimistic about its future performance, bolstered by a strong...

Eastern & Oriental Unveils RM60 Billion Masterplan for Andaman Island Eastern & Oriental Bhd (KL&O) has revealed its ambitious Andaman Island development project, with a gross development value (GDV) of RM60 billion. Spanning 307.56 hectares, the man-made island will feature a mix of luxury condominiums, shopping malls, office buildings, hotels, and community parks. During a press briefing on...

Johor Bahru-Singapore RTS Link: A New Era of Cross-Border Connectivity The Johor Bahru-Singapore Rapid Transit System (RTS) Link, a joint initiative by Malaysia and Singapore, is gearing up for its next phase as RTS Operations Pte Ltd (RTSO) prepares to begin rail systems installation by the end of 2024. This landmark project, aimed at revolutionizing cross-border travel, is on track to connect Bukit...

Airbnb Urges Fair Regulations for Malaysia’s Growing Short-Term Rental Accommodation Industry Malaysia’s short-term rental accommodation (STRA) industry needs fair and balanced regulations to sustain its growth while addressing concerns from traditional hotel operators, according to Airbnb. The platform’s Asia-Pacific public policy director, Mich Goh, emphasized the importance of regulatory clarity...

NCT Alliance: Q3 2024 Financial Highlights NCT Alliance Bhd (KL) announced its financial results for the third quarter ending Sept 30, 2024 (3QFY2024), revealing a mixed performance with notable revenue growth but a decline in net profit. Financial Overview NCT Alliance’s net profit for 3QFY2024 decreased by 35.6% to RM6.52 million compared to RM10.12 million in the same quarter last year. The...

Penang Targets 220,000 Affordable Housing Units by 2030, Supporting Homeownership for Low- and Middle-Income Residents The Penang government has delivered 170,000 affordable housing (RMM) units to date as part of the Penang2030 vision to provide affordable homeownership options for low- and middle-income groups. This initiative aims to reach 220,000 housing units by 2030, potentially benefiting around one...

Bali Escape Kuala Lumpur: A Tropical Retail Haven in the Heart of Pudu M&M Ventures Holdings Sdn Bhd has launched its maiden project, Bali Escape Kuala Lumpur (BEKL), a vibrant new retail park in Pudu, Kuala Lumpur. With a RM50 million investment, this one-of-a-kind destination aims to redefine shopping and leisure with a tropical twist. Set to open in the third quarter of 2025, BEKL spans four acres...

Langkawi Targets Three Million Tourists with Cruises, Charter Flights, and New Attractions Langkawi is set for a record-breaking year as it anticipates the arrival of three million tourists, an increase from the 2.8 million visitors in 2023. With a boost in cruise visits and new chartered flights from Poland, Langkawi Development Authority (LADA) chief executive Datuk Haslina Abdul Hamid is confident that...

Sabah and China Strengthen Ties for Regional Economic Growth A recently concluded Sabah-China Business Summit has laid the foundation for enhanced economic collaboration, aligning Sabah’s development goals with China’s technological and investment capabilities. Hosted by the Sabah government and organised by the state Industrial Development and Entrepreneurship Ministry, the event brought together...