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PRG unit seeks to wind up Picasso Residence developer over RM64.24m debt, faces separate subcontractor petition

PRG unit seeks to wind up Picasso Residence developer over RM64.24m debt, faces separate subcontractor petition

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Updated:
  • PRG Holdings' subsidiary, PCI, filed to wind up Picasso Residence developer PDM for RM64.24 million debt.
  • Separately, PCI faces a winding-up petition from a subcontractor for RM352,105.87.
  • PRG expects no major operational impact from either petition, as provisions were made.
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Government cloud backbone becomes critical infrastructure for Malaysia’s smart-city and planning push

Government cloud backbone becomes critical infrastructure for Malaysia’s smart-city and planning push

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Updated:
  • Malaysia's government cloud backbone supports smart-city initiatives and public service delivery.
  • The Cloud Framework Agreement (CFA 1.0) is extended to June 2027.
  • This ensures continuity while CFA 2.0 is being prepared.
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ECRL set to contribute up to RM90b to GDP by 2047, says deputy minister

ECRL set to contribute up to RM90b to GDP by 2047, says deputy minister

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Updated:
  • The ECRL project aims for RM80-90 billion GDP contribution by 2047.
  • It will create 21 economic accelerator projects and new logistic hubs.
  • This project is a catalyst for economic growth and job creation.
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COA instructs Agri-Tech Sdn Bhd’s claim on traditional Orang Asli land to go to trial

COA instructs Agri-Tech Sdn Bhd’s claim on traditional Orang Asli land to go to trial

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Updated:
  • A court ordered a trial for an ancestral land dispute.
  • The Orang Asli community claims rights to 101.17ha in Rompin.
  • The High Court's summary judgment was overturned due to triable issues.
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Sunsuria hits 88% take-up for Talisa

Sunsuria hits 88% take-up for Talisa

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Updated:
  • Sunsuria Bhd's Talisa, Bangsar Hill Park's second phase, achieved an 88% take-up rate.
  • Units range from 917 to 1,478 sq ft.
  • A new gallery showcases the master plan and its offerings.
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Seremban Sentral railway station 35% completed, ready in March 2027, says Loke

Seremban Sentral railway station 35% completed, ready in March 2027, says Loke

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Updated:
  • The new Seremban Sentral railway station is 35% complete and due by March next year.
  • Challenging initial work, like piling, is done, speeding up construction.
  • This modern hub will integrate with the old station, serving 30,000 daily passengers.
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IJM lifts near-term order book target as UK projects turn around, Penang LRT and Nusantara jobs finalise — Kenanga

IJM lifts near-term order book target as UK projects turn around, Penang LRT and Nusantara jobs finalise — Kenanga

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Updated:
  • IJM Corp raised its order book target to RM9 billion, including domestic and overseas projects.
  • This aligns with Kenanga Research's positive outlook for the company.
  • Key projects include data centres, semiconductors, and UK real estate developments.
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Seoul’s urban transformation: blueprint for Malaysia or cautionary tale?

Seoul’s urban transformation: blueprint for Malaysia or cautionary tale?

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Updated:
  • Seoul's urban regeneration offers lessons for cities in Malaysia.
  • It balances economic growth, heritage, and community involvement.
  • Success requires integrated planning, not just physical changes.
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Flood risk does not always sink property values

Flood risk does not always sink property values

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Updated:
  • Despite flood concerns, property prices in many Malaysian townships remain resilient.
  • Mature areas with good connectivity often see sustained demand and value.
  • Taman Sri Muda, however, experienced a post-flood price dip and reduced transactions.
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The definition of ‘success’ is changing for Malaysian malls

The definition of ‘success’ is changing for Malaysian malls

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Updated:
  • Malaysia's retail sector is recovering, driven by new experiential malls.
  • However, this creates a divide, as older malls struggle for relevance.
  • Success now hinges on creating engaging experiences beyond just shopping.
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