News

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...

168 Park Selayang: Revitalizing Selayang with Retail and Residential Excellence 168 Park Selayang Sdn Bhd, a subsidiary of Infra Segi Sdn Bhd, has officially unveiled the soft opening of 168 Park Mall, the retail centerpiece of the revived mixed-use development in Selayang, Selangor. Formerly known as Selayang Star City, the project was abandoned but has now been successfully rebranded and relaunched by...

Paramount Expands in Taman U-Thant with RM145 Million Acquisition Paramount Corp Bhd (KL:PARAMON) has announced the acquisition of an 18,317 sq m leasehold land in Taman U-Thant, Kuala Lumpur, including 93 low-rise luxury condominium units, for a total cash consideration of RM145 million. The purchase, made through Paramount’s wholly owned subsidiary Tanah Bayumas Sdn Bhd, is a strategic addition to...