Lafarge Malaysia appoints new president and CEO
PETALING JAYA (March 12): Mario Gross has been appointed the new president and CEO of Lafarge Malaysia Bhd effective April 1, it announced in a press statement today.
Commercial property glut poses risk for M’sian banks
KUALA LUMPUR (March 12): Banks may face risks on their commercial property loans, as a looming oversupply of office buildings and shopping malls may lead to a correction in valuations, said a Reuters story citing a report by Moody’s dated March 9.
MACC getting engineers, experts to help in Penang tunnel project probe
PUTRAJAYA: The Malaysian Anti Corruption Commission (MACC) has sought the help of engineering experts and consultants to assist in the investigations on the Penang tunnel project, The Star Online reported today.
Discover the new workstyle
Given the ample choices available, how do you choose the right location for your office? S P Setia introduces an office that is more than a workplace — a breakthrough concept that encourages “WORKSTYLE” (derived from working and lifestyle), in synergy with the company’s “Live Learn Work Play” motto.
Victoria to ban flammable building cladding
PETALING JAYA (March 10): Victoria will ban the use of flammable cladding material in its response to the tragic Grenfell Tower fire in London last year that claimed 71 lives, reported The Age.
Mammoth Empire divides Empire City Damansara 2 land
PETALING JAYA (March 10): Mammoth Empire Holdings Sdn Bhd (MEH) has decided to divide its 64-acre parcel earmarked for Empire City Damansara 2 (ECD2) along the Damansara-Puchong Highway here into smaller plots to be sold, developed in joint ventures or both, said its group executive director Datuk Danny Cheah.
Crest Builder eyes Kepong Metropolitan Park land
PETALING JAYA (March 10): Construction and property development firm Crest Builder Holdings Bhd is eyeing a land swap deal worth RM400 million for a parcel in the Kepong Metropolitan Park, reported The Edge weekly.
IOI Properties secures S$1.6b long-term financing for S’pore JV, say sources
PETALING JAYA (March 10): IOI Properties Group Bhd has secured S$1.
New office space in Greater KL to be absorbed in seven years, says consultant
KUALA LUMPUR (March 9): New office space in Greater Kuala Lumpur coming up over the next four years will take seven years to be absorbed, chairman of property consultancy Savills Malaysia Sdn Bhd Christopher Boyd told The Malaysian Insight today The increase of 21 million sq ft will take seven years to be occupied at “an optimistic calculation of 2.
