News

Kerjaya Prospek Group Bhd continues to aim for a new contract win target of RM1.2 billion for 2023, having already secured RM533.4 million in new projects this year. Out of the RM533.4 million, RM135.4 million is allocated for the development of BBCC Development in Bukit Bintang, Kuala Lumpur, where Kerjaya Prospek plans to erect a 21-storey structure. The remaining RM398 million is designated for the...

Malaysia is setting its sights on designating at least five smart cities by 2025 as part of its ongoing efforts outlined in the Mid-Term Review (MTR) of the 12th Malaysia Plan (12MP). This strategic move aims to accelerate the transformation of urban areas into smart cities, focusing on enhanced service delivery and attracting more investments. The plan involves adhering to the Sustainable Cities and...

Tropicana Corporation Berhad possesses an extensive landbank totaling 2,091 acres, with a substantial gross development value (GDV) of approximately RM203.7 billion. The company's strategic position allows it to unlock the value of its prime land assets, setting the stage for sustained performance in the coming years. Remaining bullish about the real estate sector, Tropicana is confident that demand will...

Malaysia's Local Government Development (KPKT) Minister, Nga Kor Ming, conducted an official three-day visit to Singapore to enhance bilateral cooperation between the two neighboring countries. The visit aimed to strengthen the close ties between Malaysia and Singapore, recognizing the latter as an important neighbor and friend. Both countries aim to foster mutual cooperation for the benefit of their...

Eastern & Oriental Bhd (E&O) is gearing up to concentrate on their Andaman Island township development in Penang for this year, planning to launch two new projects with an estimated combined gross development value (GDV) of RM1 billion. These projects are set to launch within the financial year concluding on March 31, 2024. According to managing director Kok Tuck Cheong, the demand for the...

Prime Minister Datuk Seri Anwar Ibrahim has unveiled plans for the Madani Inclusive Housing pilot project, aimed at addressing the housing needs of target groups in Kuala Lumpur's federal territory, major cities in Selangor, and Penang. This initiative will encompass the construction of 800 housing units, each designed to cater to the specific requirements of diverse target demographics. During his...

The Shah Alam City Council (MBSA) has increased the number of free electric vehicle (EV) charging stations within its administrative area. Currently, there are approximately 10 EV charging stations available at locations such as the Sultan Salahuddin Abdul Aziz Shah Mosque, Wisma MBSA, and MBSA branch offices. These charging stations were established in collaboration with the Ministry of Energy, Green...

Chin Hin Group Property Bhd (CHGP) has announced a proposal for a private placement amounting to RM102.36 million to cater to the working capital requirements of its property development projects. This placement will involve the issuance of up to 110.07 million new shares, which represents a maximum of 20% of the group's issued share capital. These shares will be offered to independent investors, the...

Penang Port Sdn Bhd (PPSB) has announced new ferry fares, offering passengers remarkably affordable rates for one-way trips. These fares will be effective starting tomorrow, providing affordable transportation options for individuals traveling between the island and the mainland. The new ferry fares are as follows: Individuals or pedestrians aged 12 and below: RM1 fare. Adult passengers or those...

Bank Negara Malaysia (BNM) has announced its decision to maintain the Overnight Policy Rate (OPR) at 3%. This move comes amidst challenges in Malaysia's economic growth, including slower external demand and a decline in commodity production. The decision marks the third consecutive time that the OPR has remained at 3%. In May, BNM raised the OPR by 25 basis points from 2.75% to 3%. The central bank stated...