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PETALING JAYA: The Ascott Ltd (Ascott), CapitaLand’s wholly-owned lodging business unit is striving to become the largest hospitality management company in Malaysia – one of its key markets in the Southeast Asian region.

  SHAH ALAM (May 11): The market is never short of commercial and luxury properties and it needs more affordable housing to balance the oversupply situation, said Sime Darby Property Bhd chairman Tan Sri Dr Zeti Akhtar Aziz.

  SHAH ALAM (May 11): Housing and Local Government Ministry (KPKT) has signed a Memorandum of Understanding (MoU) with eight companies from China, for future potential foreign direct investment and technology knowledge transfer towards Malaysia’s affordable housing development.

  The richest man in the world says the future of humanity is in space.

  Work on the long-abandoned Plaza Rakyat project in Jalan Pudu, Kuala Lumpur is expected to begin soon, A 43% stake in the developer - Profit Consortium Sdn Bhd is being bought by China-based Guangzhou Xu Zhuo Enterprise Management Co Ltd, who are expected to pay the outstanding debt due to Kuala Lumpur City Hall (DBKL) “The Plaza Rakyat project is being taken over by a new consortium, which finalised its takeover at end-March.

KUALA LUMPUR (May 10): CIMB Bank Bhd and CIMB Islamic Bank Bhd will revise down their base rate (BR), base lending rate (BLR), and base financing rate (BFR) by 0.

KUALA LUMPUR (May 10): OCBC Bank (Malaysia) Bhd and its subsidiary OCBC Al-Amin Bank Bhd have reduced their base rate (BR), base lending rate (BLR), and base financing rate (BFR) by 0.

PETALING JAYA (May 10): Kuala Lumpur continues to be the fourth least expensive city in Asia to build in, according to the “International Construction Costs 2019” report published by Arcadis, the global design & consultancy firm for natural and built assets.

KUALA LUMPUR (May 10): Seacera Group Bhd has been a served a letter of demand for payment of RM12.

KUALA LUMPUR (May 10): Malaysia Rail Link Sdn Bhd (MRL) is urging local contractors that have a CIDB Grade G3 to G7 with a minimum of 2 Star SCORE rating to participate in a pre-qualification exercise for the East Coast Rail Link (ECRL) project to be held this month-end.