Setapak Central Mall being sold to a Singapore company, says report
KUALA LUMPUR (Sept 4): AsiaMalls Sdn Bhd may be concluding the sale of Setapak Central Mall (pictured) with global Singapore-based integrated real estate fund manager ARA Asset Management Ltd, said a report by The Star.
Batu Caves rainbow staircase leads to trouble
The viral sensation around the multi-hued staircase at iconic Batu Caves may have put the temple committee in hot water, as the multimillion ringgit painting and renovation works were not sanctioned by the National Heritage Department (JWN), reports The Star.
Housing bubble or housing cycle?
Malaysian house prices are in continuous upward trend since 1990.
Sime Darby Prop eyes up to 10% recurring income contribution
KUALA LUMPUR (Aug 29): Sime Darby Property Bhd (SDP) is targeting its recurring income segment to contribute up to 10% from its profit before interest and tax (PBIT) by 2022 or 2023 as part of the group’s strategic pillars to grow the recurring income, according to group chief financial officer Datuk Tong Poh Keow.
Sabah gears for water shortage
PETALING JAYA (Aug 27): Sabah is preparing for a water shortage as the current heatwave is expected to last until December, reported The Malaysian Insight.
Stalled Kepong sewerage project causing traffic congestion
KUALA LUMPUR (Aug 23): Unfinished work on a sewerage facility in Taman Beringin, Kepong has been giving residents there a big traffic headache.
New Ruling: Councillors to declare involvement in projects
PETALING JAYA (August 20): A new ruling by the Selangor government requires councillors to declare any involvement or interest they or their family members may have in projects, prior to approval from select committees at a local authority level.
Magna Prima 1H profit within expectations
Magna Prima Bhd (Aug 15, RM1) Upgrade to market perform with an unchanged target price of 95.
One dead after building collapse in Nigerian capital
ABUJA (Aug 18): A half-finished building collapsed on Friday in the Nigerian capital of Abuja killing one person and injuring others.