News about Klang

KUALA LUMPUR (June 16): Property developer Glomac Bhd, whose latest quarterly profit has fallen 26% according to its bourse filing yesterday, is planning RM1.

KUALA LUMPUR (June 15): Prasarana Malaysia Bhd will begin to award the first batch of work packages for the upcoming RM9 billion Light Rail Transit Line 3 (LRT3) in the next two to three months.

KUALA LUMPUR (June 8): The High Court here yesterday allowed an application by the developer of the East Klang Valley Expressway (EKVE) project to be an intervenor in a lawsuit by three environmental organisations to challenge the Selangor Forestry Department’s decision to close Taman Rimba Ampang (Ampang Forest Park) to make way for the project.

KUALA LUMPUR (June 1): Protests by environmental groups against the East Klang Valley Expressway (EKVE) project have not disrupted the construction work which is progressing according to schedule, said the project’s concessionaire Ahmad Zaki Resources Bhd (AZRB).

THE RM9 billion worth of jobs to be awarded under the third light rail transit (LRT) line project by the end of the year has been one of the bigger catalysts in the pipeline for the construction industry.

KUALA LUMPUR (May 30): EcoFirst Consolidated Bhd is marking the start of its expansionary phase, after over five years of restructuring efforts, with the launch of the first phase of its RM3 billion gross development value (GDV) Ampang Ukay development targeted for next month.

HONG KONG-based Nan Fung Group plans to dispose of several parcels of land in Kuala Lumpur measuring a total of 33 acres for an estimated RM700 million, sources say.

Sold for: RM1.

URBAN regeneration agency Think City Sdn Bhd has only been in Kuala Lumpur for a year, but it is already involved in some exciting projects.

PETALING JAYA (April 23): Retail space in the Klang Valley continues to grow despite declining sales, with new malls adding more than two million sq ft last year.