UEM Sunrise appoints TRX City’s Datuk Azmar Talib as independent non-executive director
He has held various leadership roles, including serving as the group CEO of seven companies within the PNB group, throughout his 18 years with PNB.
Companies moving to Tun Razak Exchange to enjoy incentives, says PM
Prime Minister Datuk Seri Anwar Ibrahim said the incentives include an industrial building allowance, a tax exemption for 70% of the statutory income for five years for property developers, and a stamp duty exemption for loan and service agreements.
TRX Tunnel to open on Nov 29, along with mall and rooftop park
The five-km underground vehicular tunnel will seamlessly link TRX to a network of 12 major roads and highways including Jalan Tun Razak, Jalan Sultan Ismail, Maju Expressway (MEX), SMART Tunnel and the Setiawangsa-Pantai Expressway (SPE), said TRX City Sdn Bhd, the master developer of the 70-acre TRX development.
HSBC invests RM1b to open new head office in TRX
KUALA LUMPUR (March 9): HSBC Bank Malaysia Bhd has invested US$250 million (approximately RM1.
Lendlease acquires 1.2 acres in TRX with plans to develop mixed-development
KUALA LUMPUR (Feb 10): Lendlease, Sydney-based property developer, has acquired a 1.
Limited impact from lockdown
While the ongoing Full Movement Control Order (MCO) which started on June 1, 2021 is expected to negatively impact Kuala Lumpur’s prime residential property market, Knight Frank Malaysia’s executive director of Research & Consultancy Judy Ong believes the impact will not be significant.
IJM Corp lands two contracts with combined value of RM327.6 million
KUALA LUMPUR (April 28): IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corp Bhd, has secured two contracts with a combined value of RM327.
Sunway Belfield's first tower records 80% take-up rate
PETALING JAYA (April 1): Sunway Belfield, Sunway Property’s latest freehold residential development in Kuala Lumpur, has achieved an 80% take-up rate despite its soft launch during the movement control order (MCO) early this year.
Najib's affordable housing project in Penang that used 1MDB's funds never materialised, says former CEO
KUALA LUMPUR (Feb 9): An affordable housing development project in Ayer Itam, Penang — which used up part of the US$3 billion raised by 1Malaysia Development Bhd (1MDB) initially intended for the development of the Tun Razak Exchange (TRX) — never saw the light of day, the High Court heard today.
Hazem was offered triple pay bump to join 1MDB; last drawn salary RM97,000 as CEO
KUALA LUMPUR (Sept 17): Former 1Malaysia Development Bhd (1MDB) chief executive officer Mohd Hazem Abdul Rahman (pictured) was offered almost triple his salary in his previous company to join 1MDB, the High Court heard today.
