HLIB upgrades property sector, sees benefits from revamped MM2H policy
HLIB said that in the Klang Valley, most developers with exposure in this area are expected to benefit as many properties are priced above RM600,000.
Tropicana Corp partners Samsung to offer AI home appliances in upcoming developments
The home appliances will be sourced from Samsung’s Bespoke AI collection, including refrigerators, washers, air conditioners and vacuums, according to a press statement on Thursday.
Builders group appeals to expand diesel subsidy to cover construction vehicles
The cutting of blanket diesel subsidies has increased the cost of construction materials like quarry products and ready-mix concrete, indirectly affecting the industry, as the majority of construction contracts are fixed-price lump sums, said MBAM and PKBM in a joint statement on Thursday.
Lawyer detained by MACC refutes its claim that he had served as joint management committee chairman
In a statement to the media, lawyer Lai Chee Hoe said MACC’s claim that he was being investigated for embezzlement and abuse of power for his purported role as the former chairman of a joint management committee (JMC) of a property was never mentioned to him when he was detained.
RTS Link now 77.6% complete; system installation to begin by end-2024
MRT Corp reported that the maintenance depot in Wadi Hana, Johor Bahru — a main railway infrastructure component — has achieved a progress rate of 82.
Yong Tai partners with China's STIG to revive Encore Melaka theatre
"We anticipate a successful transformation that will see Encore Melaka thrive as a premier cultural destination.
EcoWorld sells land in Iskandar Malaysia to data centre firm for RM402m
With this deal, EcoWorld has joined other companies that have ridden the recent wave of artificial intelligence, particularly in data centres, which has swept through the capital market in Malaysia.
Bursa reprimands Top Builders, fines eight directors over late issuance of annual report, quarterly reports
Top Builders had failed to issue its annual report including audited financial statements for the financial year ended June 30, 2022 (FY2022), by the deadline of Oct 31, 2022, said Bursa Securities in a statement on Friday.
Tasco to invest additional RM400m to expand warehouse capacity over next two years
Executive chairman and substantial shareholder Lee Check Poh said the group has so far invested RM300 million in the expansion of its warehouses, exceeding the minimum RM240 million investment in capital expenditure (capex) to qualify for the income tax exemption under the Malaysian Investment Development Authority’s (Mida) integrated logistics services (ILS) scheme.
Nestcon bags RM37.7 mil construction job in Selangor
The construction outfit stated that its wholly-owned subsidiary, Nestcon Infra Sdn Bhd, has accepted a letter of award (LOA) from property developer Seriemas Development Sdn Bhd to undertake the construction and completion of earthworks, soil improvement, and associated works for package 4-2 of the proposed development.
