News

Axis Real Estate Investment Trust (Axis-REIT) is set to expand its diverse portfolio with the proposed acquisition of Temerloh Mall, a two-storey shopping complex located in Taman Damai, Temerloh, Pahang. The RM25.75 million cash transaction, subject to regulatory approval, reflects Axis-REIT's strategic approach to providing unitholders with consistent income distributions and enhancing its net asset...

EcoFirst Consolidated Bhd has announced its intention to contest a RM20 million lawsuit filed against its wholly-owned subsidiary, BCM Holdings Bhd, by Kerjaya Prospek (M) Sdn Bhd (KPM), a unit of Kerjaya Prospek Group Bhd. The lawsuit arises from the withdrawal of a RM404.35 million contract that had been awarded to Kerjaya Prospek for the construction of a residential development in Kuala Lumpur by BCM...

The Penang state government has set an ambitious target to reclaim approximately 400 acres (161.87 hectares) of land each year for the Silicon Island project, with plans to commence construction on the first factory as early as 2026. Penang Chief Minister Chow Kon Yeow announced this significant development during his visit to the Penang South Island (PSI) on Sunday. Reclamation work for the Silicon...

The realization of major public transport projects in Johor, such as the Kuala Lumpur-Singapore High-Speed Rail (HSR) and Light Rail Transit (LRT), will be executed with careful consideration of several factors, including the country's financial capacity, revealed Transport Minister Anthony Loke Siew Fook. Loke emphasized the government's commitment to supporting the development of public transport...

The Malaysian government is embarking on a mission to accelerate the transition to electric vehicles (EVs) among its citizens. Investment, Trade, and Industry Minister, Tengku Datuk Seri Zafrul Abdul Aziz, underscored the importance of EV mobility, emphasizing that it extends beyond cars to include electric motorcycles, which play a pivotal role in public transportation. The government's commitment to...

Chin Hin Group Property Bhd has set its sights on expanding its real estate portfolio with the acquisition of a prime freehold land parcel in Penang. The approximately 1.218-acre plot, which is strategically located, is slated to become the site for a new multi-storey serviced residence development. Chin Hin Group Property is acquiring this promising asset from Ivory Properties Group Bhd for a sum of RM40...

The Pahang government is taking significant steps toward enhancing transportation infrastructure in the region by advancing the Pulau Tioman Airport upgrade project. This pivotal project involves the extension of the airport's existing runway from 850 meters to an extended length of 1.3 kilometers. The endeavor is set to boost the connectivity and accessibility of Pulau Tioman, a popular tourist...

Sarawak Premier Tan Sri Abang Johari Tun Openg has embarked on a significant journey to Dubai, United Arab Emirates, to participate in the United Nations Climate Change Conference (COP28), demonstrating Sarawak's commitment to addressing climate challenges on the global stage. As part of his COP28 agenda, Premier Abang Johari is scheduled to witness a Memorandum of Understanding (MOU) signing ceremony...

Pahang's Menteri Besar, Datuk Seri Wan Rosdy Wan Ismail, has announced the state government's request for the expansion of the East Coast Rail Link (ECRL) project to encompass additional districts, ensuring a broader reach and greater socio-economic benefits for Pahang. The proposed extension involves lengthening the ECRL route to serve districts beyond its current scope. Specifically, Wan Rosdy has...

As part of its continued commitment to fostering renewable energy adoption and sustainability, the Malaysian government is gearing up to release more Net Energy Metering (NEM) quotas for rooftop solar installations across residential, commercial, and industrial buildings. The move comes in response to the overwhelming demand that led to the exhaustion of existing quotas just last week. The Ministry of...