‘Duta enclave’ land dispute: Govt valuer says she relied on DBKL info on zoning, not ‘hope value’ of land Taking the stand as part of court proceedings on assessing "mesne profits" that is to be paid out to Semantan Estate Sdn Bhd, Nurzahirah Umar said that zoning was one of nine factors she considered when determining the market value of the 263.27 acres of...
Real Estate
BNM governor says OPR cut pre-emptively to preserve steady growth path Bernama July 11, 2025 | Updated 13 hours ago Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour: The MPC is not on any pre-set course. Future policy decisions will continue to be guided by the evolving outlook for domestic growth and inflation. KUALA LUMPUR (July 9): Following is the...
Avaland buys 3.2-acre KL land from Tan Chong for RM148m This marks the second land acquisition involving Avaland and Tan Chong Group this month. KUALA LUMPUR (July 10): Avaland Bhd (KL:AVALAND) has signed a deal to acquire a 3.194-acre parcel of land on Jalan Putra here from a unit of Tan Chong Motor Holdings Bhd (KL:TCHONG) for RM148.8 million, which it plans to develop...
NexG acquires Petaling Jaya property for RM28.5 mil to boost production capacity The property includes a two-storey factory, a three-storey office block, a two-storey warehouse, and a guardhouse, situated on approximately 6,182 sq m of land. KUALA LUMPUR (July 10): NexG Bhd (KL:NEXG), formerly known as Datasonic Group Bhd, is buying an industrial property in Petaling...
Ho Hup unit gets winding-up petition from IRB over RM24 mil tax arrears Ho Hup slipped into Practice Note 17 (PN17) status in April after BJD defaulted on RM112.69 million in loan facilities, for which Ho Hup is the guarantor. KUALA LUMPUR (July 10): Ho Hup Construction Company Bhd (KL:HOHUP) has been served with a winding-up petition by the Inland Revenue Board (IRB) over...
Economists split on further OPR cuts in 2025 as BNM turns dovish Australia and New Zealand Banking Group (ANZ Research) in a note said BNM has historically only made back-to-back cuts during major shocks such as the Covid-19 pandemic or the Global Financial Crisis. KUALA LUMPUR (July 10): Economists were divided on whether Bank Negara Malaysia’s (BNM) first rate cut since...
Econpile secures RM27 mil piling contract for apartment project The job, awarded by Bayu Melati Sdn Bhd to Econpile’s wholly owned subsidiary Econpile (M) Sdn Bhd, is scheduled for completion within 12 months starting July 14. KUALA LUMPUR (July 9): Econpile Holdings Bhd (KL:ECONPILE) has secured a RM27 million contract for piling and pile cap works at a serviced apartment...
Expert panel must drive public service improvements, says Nga Bernama July 10, 2025 | Updated 5 hours ago Housing and Local Government Minister Nga Kor Ming stressed the need for continued efforts to position Malaysia among the world’s top 12 most competitive economies by 2033, in line with the Madani Economic Framework. PUTRAJAYA (July 9): The Panel of Experts (POE)...
Ecobuilt unit served with winding-up petition over unpaid debt The hearing of the petition has been fixed for Sept 8, 2025. Ecobuilt said it will seek legal advice on the legitimacy and enforceability of the petition and will announce any material development. KUALA LUMPUR (July 9): Ecobuilt Holdings Bhd (KL:ECOHLDS) said on Wednesday that a major subsidiary has been served...
OFFLINE 16 returns: Tropicana, VitaHealth target 1,200 Malaysians to unplug, reconnect (From left) VitaHealth Southeast Asia new product development and regulatory affairs general manager Dr Koay Suat Ling; Big Caring Group business unit director Tay Li Yen, and chief marketing officer Wong Siew Lai; VitaHealth Malaysia and Singapore CEO Dr K S Beh; Tropicana Corp Bhd managing...