News about Malaysia

YOU’LL never know whom you’ll meet when, and where.

KUALA LUMPUR (Dec 17): Debt-laden strategic development company 1Malaysia Development Bhd’s (1MDB) property arm, 1MDB Real Estate Sdn Bhd (1MDB RE), is now known as TRX City Sdn Bhd.

KUALA LUMPUR (Dec 17): Retail Group Malaysia (RGM) has cut its forecast for 2015 retail sales for the fifth time due to poor retail figures achieved in the second and third quarters of the year.

KUALA LUMPUR (Dec 17): Malaysia Pacific Corp Bhd (MPCorp) expects its upcoming residential project within Taman Nusa Damai in Iskandar Malaysia, Johor, which has a gross development value of RM204 million, to help pull it out of its loss-making position.

WHEN Iskandar Malaysia was first planned, the aspirations were regional rather than local.

KUALA LUMPUR (Dec 11): Selangor Dredging Bhd will remain focused on the Malaysia and Singapore property markets for the time being, while it remains open to doing business in other markets.

KUALA LUMPUR (Dec 10): Eco World Development Group Bhd (EcoWorld) has surpassed its RM3 billion sales target for the financial year ended Oct 31, 2015 (FY15), after recording a total sales of RM3.

AS in other locations across the country, developers in Iskandar Malaysia are introducing new design features with their product offerings.

KUALA LUMPUR (Dec 7): Debt laden 1Malaysia Development Bhd (1MDB) may soon be closing its final deal on the 60% stake of Bandar Malaysia’s project to remove its debt burden, according to a news report.

From left: 1.