Adam said the lack of new infrastructure projects in the pipeline, aside from the MRT3, could continue to dampen construction sector sentiment, in addition to the rising cost of building materials, such as steel bars.
Spanish hotel chain Meliá Hotels International is expanding its INNSiDE brand in Asia with the opening of two new INNSiDE hotels in Kuala Lumpur and Bangkok respectively.
Half of the total loan accounts in the household sector are fixed-rate loans that are not affected by the 100 basis point increase in the overnight policy rate (OPR) last year, said Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim.
MCT Bhd has acquired a 3.9-acre plot of freehold land in Taman Desa here for RM64.65 million to undertake a condominium project with an estimated gross development value of RM500 million.
Shareholders of YNH Property Bhd gave their nod for the disposal of Kiara 163 Retail Park here and AEON Seri Manjung in Perak for a total of RM422.5 million in cash to ALX Asset Bhd.
Trading of Top Builders Capital Bhd’s shares will continue to be suspended on Bursa Malaysia, as the group failed to file its quarterly report for its second quarter ended Dec 31, 2022 (2QFY2023) by Feb 28 as required under the Main Market Listing Requirements.
Putrajaya has approved electric car maker Tesla’s application to import battery electric vehicles (BEVs) into Malaysia, establish a head office, a Supercharger network, as well as experience and service centres.
Sime Darby Property Bhd's (SDP) net profit for the fourth quarter ended Dec 31, 2022 (4QFY2022) surged 64.34% to RM103.15 million from RM62.77 million a year earlier, on the back of higher revenue.
Full-year net profit rose to RM180.05 million, from RM160.86 million for FY2021.
Serasi Residences is the first of four phases to be launched within the 25-acre Putra Heights Sentral development, which will comprise residential and commercial components.
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