News about update

Ireka is required to pay UEM Land about RM3.

"Crescendo also noted that the recent 25-basis-point cut in Bank Negara Malaysia’s Overnight Policy Rate is expected to create a "favourable environment for homebuyers and investors".

The hotel, formerly Eastin Hotel Kuala Lumpur, was sold by CP Group to a private vehicle linked to former investment banker Datuk Lim Kheng Yew, founder of KYM Holdings Bhd KUALA LUMPUR (Dec 29): Marriott Hotels, the flagship brand of Marriott Bonvoy, announced the opening of the 393-key Petaling Jaya Marriott Hotel.

Izwan Hasli succeeds Datuk Tengku Ab Aziz Tengku Mahmud, who had led the Merdeka 118 project since its inception in 2010.

Mazuki Abdullah replaces current group managing director and chief executive officer Mohamad Damshal Awang Damit, who will retire upon the completion of his contract on Dec 31, 2025.

The land was valued at RM25 million by Raine & Horne International Zaki + Partners Sdn Bhd on Nov 19, and was originally bought for RM16.

In a filing with Bursa Malaysia on Tuesday, EP Manufacturing said Kensington has terminated all agreements with BPPSB and will take the necessary steps to reclaim possession of the land involved in the project.

The group said it will pay for the stake in SPPH Eco Biomass Resources Sdn Bhd via a cash payment of RM14.

The transaction is part of Lendlease’s capital recycling programme and reflects growing investor confidence in the performance and long-term potential of the Tun Razak Exchange precinct.

The agreement provides a framework for further negotiations towards a definitive agreement, SD Guthrie and Permodalan Darul Ta’zim said in a joint statement.