With the opening ceremony for the 16th edition of the Langkawi International Maritime and Aerospace exhibition being held last night, this morning's event to get the show going was only a matter of formality. Defence Minister Datuk Seri Mohamad Hasan and Transport Minister Anthony Loke jointly signalled the beginning of the opening gambit by pressing a button on the main stage. Mere seconds later, a...
KSL Esplanade Mall by KSL City Management Sdn Bhd, a wholly owned subsidiary of KSL Holdings Bhd, is having its soft opening on May 31. It expects to draw more than a million shoppers living within a 30 to 45 minute drive from the retail mall, according to a press release dated April 18. Located within KSL Holdingsโ 448-acre (181.3-hectare) KSL Bandar Bestari, the shopping mall aims to offer โmore...
Astrum Ampang, a notable transit-oriented development (TOD) in Kuala Lumpur, is promoting its latest offering - SOHO Suites 2 (SS2). Astrum Ampang's track record of achieving complete take-up rates for its preceding projects - SOHO Transit 1, SOHO Transit 2, and SOHO Suites 1 - have laid the foundation for the introduction of SS2, according to James A. Bruyns, Astrum Ampang's Chief Operating Officer. SS2...
Genting Highlands will soon welcome King's Park, an integrated entertainment complex with commercial and leisure properties worth over RM1 billion. The premium Swissรดtel Genting Highlands will be among the five-star hotels at King's Park. The Swissรดtel Genting Highlands will have 300 rooms, a grand ballroom, executive lounges, bars, and a heated swimming pool, and will open in the third...
Property developer Radium Development Bhd, en route to a Main Market listing on May 31, has set a price of 50 sen per share for its initial public offering (IPO) exercise that will raise RM434 million. The exercise comprises a public issuance of 868 million new shares, or 25% of its enlarged share capital of 3.47 billion shares. Its expected market capitalisation is RM1.73 billion upon...
A total of 50.3% or 6.4 million accounts of the total loan accounts in the household sector are fixed-rate loans that are not affected by the 100-basis-point (bps) increase in the overnight policy rate (OPR) last year, said Deputy Finance Minister Datuk Seri Ahmad Maslan. An estimated 54.8% of loan accounts of low-income borrowers, with an income of less than RM5,000 per month, are...
IGB Real Estate Investment Trust (IGB REIT), which operates the Mid Valley Megamall and The Gardens Mall here, posted a net property income of RM118.56 million for the first quarter ended March 31, 2023 (1QFY2023), up 10% from RM107.71 million in the same quarter a year ago, as the REIT recorded higher rental income. Revenue grew 15.55% to RM154.62 million from RM133.81 million,...
The Works Ministryย is building a rest and recreation (R&R) stop in the Jelukong area in Lubok Antu, as well asย a lay-by in Sungai Semanok, Bintulu for the convenience of users of the Pan Borneo Highway betweenย Sibuย andย Bintulu. Deputy Works Minister Datuk Seri Abdul Rahman Mohamad said that in addition to providing basic facilities for road users to rest and pray, local entrepreneurs can...
The government is levying higher ABSD (Additional Buyers' Stamp Duty) rates, in a bid to cool the property market that remains firm even with a dimmer economic outlook. โThe revisions to the ABSD rates to help moderate investment demand will complement our efforts to ramp up supply, to alleviate the tight housing market for both owner-occupation and rental,โ says the Ministry of Finance, Ministry...
Yang di-Pertuan Agong Al-Sultan Abdullah Riโayatuddin Al-Mustafa Billah Shah on Monday (March 6) witnessedย the signing ceremony of the memoranda of understanding (MOU) regarding cooperation to improve the efficiency of environmental management and sustainability inย Cameron Highlands. The memoranda were inked between Cameron Highlands District and Land Office and Cameron Highlands Development...
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