Shangri-La managing director Christopher Phong to step down on March 31

Shangri-La managing director Christopher Phong to step down on March 31

news

Updated:
  • Shangri-La Hotels' managing director Christopher Phong will resign on March 31.
  • The board thanked him for his contributions and is seeking a smooth leadership transition.
  • The company's net profit rose 41% in 2025, but shares fell 2.63% to RM1.85.
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Armani Group debuts 383-key golf-front serviced residence in Cameron Highlands, with Ascott as operator

Armani Group debuts 383-key golf-front serviced residence in Cameron Highlands, with Ascott as operator

news

Updated:
  • Armani Group has launched Oakwood Cameron Highlands, a 383-key serviced residence in Pahang.
  • The property features deluxe rooms and family suites, designed for extended stays and golf enthusiasts.
  • Introductory rates start at RM388+ per night, enhancing Armani's hospitality presence in the region.
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Jiankun says director automatically removed over board meeting absences

Jiankun says director automatically removed over board meeting absences

news

Updated:
  • Jiankun International Bhd announced the automatic removal of director Datuk Yong Chong Long for missing board meetings.
  • Yong, a substantial shareholder, had been on the board since October 2022 and held an 8.166% stake.
  • The company appointed Jun Zhang as a new non-executive director amid ongoing financial losses.
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GenM president Lee Choong Yan now senior adviser, to be redesignated as non-executive director in May

GenM president Lee Choong Yan now senior adviser, to be redesignated as non-executive director in May

news

Updated:
  • Genting Malaysia Bhd's president, Datuk Seri Lee Choong Yan, will become a senior adviser in May.
  • He will transition to a non-executive director role after his retirement from the advisory position.
  • Lee has been with Genting Malaysia for nearly two decades and is also CEO of Genting UK Plc.
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EXSIM Hospitality secures RM55m water park contract

EXSIM Hospitality secures RM55m water park contract

news

Updated:
  • EXSIM Hospitality Bhd secured a RM54.5 million contract for a water park project.
  • The contract includes design, construction, and maintenance by EXSIM Concepto Sdn Bhd.
  • It is expected to enhance the company's net assets, earnings, and gearing over the contract's duration.
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Singapore to develop Woodlands gateway to strengthen JS-SEZ connectivity

Singapore to develop Woodlands gateway to strengthen JS-SEZ connectivity

news

Updated:
  • Singapore is developing Woodlands Gateway to enhance connectivity with the Johor-Singapore RTS Link.
  • The first phase is set for completion around 2030, featuring a transport hub and mixed-use district.
  • This project aims to support firms with operations in both Johor and Singapore, boosting regional economic collaboration.
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Menara Merdeka 118 becomes tallest building with WELL Core Platinum certification

Menara Merdeka 118 becomes tallest building with WELL Core Platinum certification

news

Updated:
  • Menara Merdeka 118 has achieved Platinum level WELL Core Certification, the tallest building to do so!
  • This certification emphasises health and well-being, enhancing tenant experiences and sustainability goals.
  • The building sets a new standard for healthy workplaces, influencing global real estate practices.
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S P Setia partners Affin Bank for up to 120% home financing campaign

S P Setia partners Affin Bank for up to 120% home financing campaign

news

Updated:
  • S P Setia Bhd has launched a Chinese New Year campaign with Affin Bank, offering 120% financing.
  • Homebuyers can access Shariah-compliant financing with a repayment tenure of up to 35 years.
  • Campaign aims to support homeownership aspirations during the festive season with flexible financing options.
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Mah Sing posts decade-high RM2.51b sales in FY2025, sets RM2.76b target for 2026

Mah Sing posts decade-high RM2.51b sales in FY2025, sets RM2.76b target for 2026

news

Updated:
  • Mah Sing Group Bhd achieved RM2.51 billion in property sales for FY2025, marking a decade-high performance.
  • Company plans to launch RM3.45 billion worth of projects in 2026, targeting Klang Valley, Penang, and Johor.
  • With RM3.24 billion in unbilled sales, Mah Sing is well-positioned for future growth and profitability.
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Glomac COO Zulkifly Garib retires

Glomac COO Zulkifly Garib retires

news

Updated:
  • Glomac Bhd announced the retirement of COO Zulkifly Garib, effective February 27.
  • Zulkifly joined Glomac in 2019 and oversaw key operational aspects during his tenure.
  • The company expressed gratitude for his leadership and wished him well in retirement.
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