The Construction Industry Development Board (CIDB) has launched two initiatives under the industralised building system (IBS), which are IBS Homes Catalogue and IBS Homes showhouses to encourage adoption of IBS in Malaysia in the affordable housing landscape.
Malaysia's construction activity in the second quarter of 2023 (2Q2023) expanded for the fifth straight quarter since 2Q2022, reporting an increase of 8.1% year-on-year (y-o-y) in value of work done to RM32.4 billion, new data from the Department of Statistics Malaysia (DOSM) revealed.
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The real estate market has been on edge since Bank Negara Malaysia (BNM) announced an unexpected increase of 25 basis points on the overnight policy rate (OPR) on May 3.
Datuk Seri Sundarajoo Somu, who is making his election debut in the upcoming Aug 12 state polls, is so passionate and excited by the chance to stand as a candidate that the former deputy president and deputy CEO of Eco World Development Group Bhd said he would not be able to sleep — could not die peacefully even — if he had passed on the chance.
Noteworthy:
When: May 2023
Chinese property giant Country Garden Holdings Co’s failure to make payments on its two dollar bond coupons due Aug 6 (Sunday) totalling US$22.5 million (RM103 million) has raised concerns over a cross-default on its Islamic Medium-Term Notes (IMTN) Programme in Malaysia.
Lion Industries Corp Bhd has scrapped its plan to acquire 80 acres of sub-divided leasehold agriculture land in Sepang for RM23 million.
Peir Shenq retracted his resignation in the late evening of Monday, but did not explain his change of heart.
It was responding to a Bloomberg report on Aug 2, quoting people with knowledge of the matter, that KLCCP, along with China Investment Corp, are among potential bidders for a stake in the office tower.
In the renewal process, economic opportunities and activities are also generated.
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