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Rivertree plans diversification into management of centralised labour quarters to stabilise earnings

Rivertree plans diversification into management of centralised labour quarters to stabilise earnings

news

Updated:
  • Rivertree STF Synergies Bhd plans to manage centralised labour quarters to stabilise earnings.
  • They signed an agreement to develop up to four quarters with a capacity of 28,800 beds in Klang Valley.
  • This asset-light model aims to reduce risks from property development and enhance financial sustainability.
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Wong Yik Fong appointed Majestic Gen CEO effective July 1

Wong Yik Fong appointed Majestic Gen CEO effective July 1

news

Updated:
  • Majestic Gen appointed Wong Yik Fong as CEO, effective July 1, 2026.
  • This move strengthens leadership for future expansion and succession planning.
  • Wong will oversee daily operations and project delivery.
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Stray wire caused minor explosion at LRT station — Rapid KL

Stray wire caused minor explosion at LRT station — Rapid KL

news

Updated:
  • A thin wire caused a minor explosion on a Rapid KL LRT train.
  • The wire was not part of the train or rail infrastructure.
  • No injuries occurred, and services continued normally.
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UEM Sunrise exits ONE15 marina JV via RM50,000 disposal of Puteri Harbour unit

UEM Sunrise exits ONE15 marina JV via RM50,000 disposal of Puteri Harbour unit

news

Updated:
  • UEM Sunrise is selling its 40% stake in Sarandra Malaysia Sdn Bhd for RM50,000.
  • This exits their marina joint venture with ONE15 Marina Holdings Pte Ltd.
  • In conjunction with the share sale, ONE15 will assume all residual rights, risks and obligations.
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Malvest Group, COOP OKB ink MoU to expand quality homeownership in Kelantan

Malvest Group, COOP OKB ink MoU to expand quality homeownership in Kelantan

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Updated:
  • Partnership reflects the confidence placed in Malvest Group's track record.
  • Malvest's Arika Kubang Kerian has reached 85% completion and 65% sold.
  • Malvest hopes Arika will become a development that all Kelantanese can take pride in.
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Ant International’s KL hub to create jobs, boost local capabilities, says PM

Ant International’s KL hub to create jobs, boost local capabilities, says PM

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Updated:
  • Ant International's Global Operations Centre in KL will create jobs and boost Malaysia's digital tech goals.
  • PM Anwar stressed innovation must benefit all, not just corporations.
  • He also highlighted balancing AI benefits with safeguards for human judgement.
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Penang Technology Park fully completed and is ready for industrial take-up

Penang Technology Park fully completed and is ready for industrial take-up

news

Updated:
  • Ideal Property Group has completed all infrastructure works for Penang Technology Park @ Bertam.
  • Over 60% of industrial land is taken, creating jobs and supporting supply chains.
  • Penang Technology Park @ Bertam aims to provide a full industrial ecosystem.
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JS-SEZ blueprint completed; launch delayed until after Johor polls, says economy minister

JS-SEZ blueprint completed; launch delayed until after Johor polls, says economy minister

news

Updated:
  • The JS-SEZ master plan and investment blueprint have been completed and approved by the Cabinet.
  • But their launch will only take place after the Johor state elections.
  • Putrajaya is planning for the PMs of Malaysia and Singapore to unveil the documents jointly.
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S P Setia launches RM50,000 photography contest to showcase townships

S P Setia launches RM50,000 photography contest to showcase townships

news

Updated:
  • S P Setia launched "Setia Lenscape," a photography campaign.
  • It invites Malaysians to capture images of S P Setia's townships.
  • In collaboration with EdgeProp Malaysia and UCSI University.
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AME Elite–AME REIT RM100.8 mil industrial property transaction completed

AME Elite–AME REIT RM100.8 mil industrial property transaction completed

news

Updated:
  • AME Elite and AME REIT finalised a RM100.8 mil property deal.
  • This related-party transaction involved three industrial properties.
  • The final settlement for i-Park SAC 34 completed the acquisition.
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Rivertree plans diversification into management of centralised labour quarters to stabilise earnings