Hotels are struggling to fill their rooms due to a high supply coupled with the economic slowdown and less government and corporate business. And most hoteliers do not see this problem going away anytime soon.

For its construction division, Gamuda — the project delivery partner (PDP) for KVMRT Line 1 and KVMRT Sungai Buloh-Serdang-Putrajaya (Line 2) — shared that as of August, KVMRT Line 1 was at 91% completion.

The launches have received strong support despite the current challenging property market, said EcoWorld president and CEO Datuk Chang Khim Wah.

One of the largest global independent corporate services providers, Vistra Group, has established its first Business Process Outsourcing (BPO) Centre of Excellence (COE) in Iskandar Puteri, Johor Bahru to support its operations in Singapore and Southeast Asia, the group said in a statement today.

Owners of The Maple Residences Type A and B units to get cash vouchers from Signature Kitchen.

Jointly developed by Tan & Tan Developments and Japan’s Mitsubishi Jisho Residence, Stonor 3 is located on a 1.48-acre freehold site along Lorong Stonor. It has a gross development value (GDV) of RM650 million.

“Unfortunately, there is limited scope for rate cuts beyond that. Although low inflation does provide room for easing, overly aggressive cuts could result in capital outflows, which BNM might find challenging to counter with its thin forex (foreign exchange) reserves.”

“We are mindful of the challenging business environment where a slowing global economy and the rising cost of living have affected consumer sentiment.”

Hong Kong-based Malaya Acid Works Sdn Bhd is putting a 17.26-acre land parcel it owns along the Federal Highway in Petaling Jaya on the market for an estimated RM300 million or RM400 psf.

A year and a half since moving into property development, Iris Corp Bhd finally looks set to undertake its first commercial development in Malaysia.