Citaglobal acquires 55% stake in waste-to-energy partner LAWI Germany for undisclosed value
The group also plans to export the technology outside Malaysia.
The group also plans to export the technology outside Malaysia.
The project is slated to be completed within 20 months, starting from the commencement date on Feb 3.
Kerjaya Prospek said the scope of the project, clinched through its wholly owned subsidiary Kerjaya Prospek (M) Sdn Bhd, includes the construction of 360 units of three-storey terrace houses, alongside a clubhouse, landscaping works, and other related infrastructure.
Relationships with key clients Exsim Development Sdn Bhd, Platinum Victory Sdn Bhd and Maxim Global Bhd, which stretches over five years, could yield potential contracts worth some RM4.
In particular, developers with growing recurring income and investment portfolios may see rising investor interest, the research house said in a sector note.
The recent Asia Real Estate Leaders study trip revealed multi-faceted insights into the Vietnam property landscape, giving a clearer picture on how opportunities could be gleaned amidst challenges including local demand, bureaucratic red tapes and indefinite legislations.
Malaysian Shopping Malls Association: "This announcement of a potential 15% increase in TNB tariffs is expected to place enormous financial pressure on both operators and consumers.
The Malaysia Retailers Association is strongly urging the government to reconsider the electricity tariff hike, scheduled to take effect from July 2025, and to hold immediate dialogues with stakeholders to address their concerns and explore alternative solutions.
This is as occupancy rate for Parcel B — Menara UOA Bangsar (MUB) is expected to rise to above 60% in the fourth quarter of financial year 2024 (4QFY2024), from 58% in 3QFY2024, the research house said.
Prime Minister Datuk Seri Anwar Ibrahim said the upcoming electricity tariff adjustment would involve “only the ultra-rich (mahakaya) or profitable industries (yang mencatat keuntungan)”.