JPPH: Still a challenging retail market
KAJANG (April 17): The commercial property market has continued to decline in 2017, with 22,162 transactions worth RM25.
ACME’s largest shareholder sells another 18% stake
KUALA LUMPUR (April 16): Supptech Holdings Sdn Bhd, the largest shareholder of Penang-based ACME Holdings Bhd, has continued to pare down its stake in the company with another off-market trade.
Pay only 1% and the rest upon completion
PETALING JAYA: Kuala Lumpur-based TPPT Sdn Bhd is launching the first block of its latest condominium project, Emerald Residence at Teluk Kumbar Heights, Penang island this weekend.
Penang Forum calls for stop to land swap deals
GEORGE TOWN (April 13): A civil society coalition wants the next government in Penang to stop the practice of approving land reclamation deals in exchange for infrastructure projects.
Grand-Flo to go into construction
KUALA LUMPUR (April 11): Home-grown tracking solutions provider Grand-Flo Bhd is buying the remaining 49.
Lim Guan Eng's corruption trial adjourned to May 21
KUALA LUMPUR (April 9): The High Court in George Town, Penang, today granted the application by the defence for the corruption trial of Penang chief minister Lim Guan Eng (pictured) and businesswoman Phang Li Koon to be adjourned to May 21, Bernama reported today.
Firefighters battle blaze near Penang airport for over four hours
PETALING JAYA (March 30): After over four hours, firefighters had managed to extinguish a fire that broke out at four warehouses near the air cargo complex of the Penang International Airport at Batu Maung, Penang, last night.
CMMT says planning Sungei Wang Plaza enhancement
KUALA LUMPUR (March 29): Capitaland Malaysia Mall Trust (CMMT) has budgeted some RM80 million to enhance four of its five shopping malls in Malaysia this year.
IKEA mulls third Klang Valley store
JOHOR BAHRU (March 29): Swedish furniture maker IKEA is eyeing a third store in the capital of Malaysia but there is no timeline as to when the development will be announced.
Stakeholders must collaborate to reduce severe imbalances in the retail, office segments
PETALING JAYA (March 28): The authorities, property developers, owners, and other stakeholders in the real estate sector are urged to come up with specific measures to reduce the severe imbalances in the office and shopping complex segments that threaten the rest of the economy, according to the “Financial Stability and Payment Systems Report 2017” published by Bank Negara Malaysia (BNM) today.
