MPI buys land for new plant in China for RM15m
KUALA LUMPUR (Dec 23): Malaysian Pacific Industries Bhd (MPI) has entered into an agreement to invest in land for its new plant in Suzhou, China.
Tropicana Corp unveils industrial park in Iskandar Malaysia
PETALING JAYA (Dec 20): Tropicana Corp Bhd unveiled its first industrial park during a ground- breaking ceremony in Iskandar Malaysia, officiated by Johor Menteri Besar Datuk Hasni Mohammad recently.
Majority of Malaysian homes not insured for fire damage — Zurich Malaysia
KUALA LUMPUR (Dec 15): A majority of Malaysian homeowners (59%) are not covered for fire damage, with fire losses estimated at RM2.
MAHB launches tender for 226 commercial lots as air traffic movements improve
KUALA LUMPUR (Dec 15): Malaysia Airports Holdings Bhd (MAHB) has launched an open tender exercise for 226 commercial lots following the recent improvement in air traffic movements at its airports.
Malaysia's energy consumption, primary energy supply both grew 2.8% in 2019 — commission
KUALA LUMPUR (Dec 13): Malaysia’s final energy consumption charted a positive growth of 2.
PR1MA, Sinergi Dayang sign agreement to develop 763 affordable homes in Pahang
PETALING JAYA (Dec 9): The Ministry of Housing and Local Government (KPKT) through Perbadanan PR1MA Malaysia (PR1MA) has signed a joint development agreement (JDA) with Sinergi Dayang Sdn Bhd (Sinergi Dayang) — an indirect wholly-owned subsidiary of WZ Satu Bhd — to develop affordable housing in Pahang.
Maybank IB Research upgrades property sector to 'neutral', sees fragile recovery ahead
KUALA LUMPUR (Dec 8): Maybank Investment Bank (Maybank IB) Research on Wednesday upgraded the Malaysian property sector to "neutral" (from "negative") after the share prices of property stocks under its coverage have retreated by 10% to 20% to more realistic valuations.
Office space rental rates grew at insignificant rate
PETALING JAYA (Dec 7): Gloomy outlook for the rental rates for Malaysia’s office space remain as supply and demand continue to mismatch while hybrid working models take over.
MARC assigns Silver Impact Bond Assessment to Sunway REIT’s inaugural sustainability-linked bonds
KUALA LUMPUR (Dec 7): Malaysian Rating Corporation Bhd (MARC) has accorded a Silver Impact Bond Assessment to Sunway Real Estate Investment Trust (REIT)’s inaugural sustainability-linked bonds (SLB) Framework which governs the terms of the bonds.
Sirim to develop Malaysia Railways Industrial Standard by May 2022
KUALA LUMPUR (Dec 6): Sirim Bhd’s wholly-owned subsidiary, Sirim STS Sdn Bhd (SIRIM STS), has been appointed as coordinator for the development of Malaysia Railways Industrial Standard (MRIS) to advance and promote the competitiveness of the country's rail industry.
