Malaysia’s new data centres will release annual greenhouse gas equivalent to adding more than two million cars to the country’s roads, an environmental think tank warned.
Noteworthy:
When: April 2025
The outlook for Kuala Lumpur’s luxury hotel sector appears to be positive over the next 12 months with the 47th Asean Summit happening on Oct 26 this year and the Visit Malaysia 2026 tourism campaign, according to Park Hyatt Kuala Lumpur general manager Herman Kemp.
A subsidiary of property developer EcoFirst Consolidated Bhd (KL:ECOFIRS) has been sued by purchasers of an apartment development in Seri Kembangan concerning an over-decade-long delay in obtaining strata titles.
Parkson Holdings Bhd’s (KL:PARKSON) unit in Beijing will end its long-standing retail tenancy at the China National Arts and Crafts Museum from Jan 1, 2026, following a lease termination agreement signed to cut losses and reduce financial strain.
Placemaker Week ASEAN (PWA) 2025 has been officially launched, and will take place from Aug 27 to 30 at Dewan Sivik MBPJ, Petaling Jaya (PJ), themed: “Places that Have Value for People”.
MUI Group and Mah Sing Group Bhd have inked a strategic agreement which saw the MUI Group divesting its prime 1.485-acre freehold parcel of land in the heart of KLCC precinct.
Airbnb activity contributed RM9.2 billion to Malaysia’s gross domestic product (GDP) in 2024, equivalent to 5% of the tourism sector’s overall contribution.
Sentral REIT’s (KL:SENTRAL) net property income slipped 2.5% in the the second quarter, mainly due to lower rental income from Menara Shell, coupled with accounting adjustments under the Malaysian Financial Reporting Standard 16.
Azam Jaya Bhd (KL:AZAMJAYA) has secured a three-year contract from the Ministry of Transport for upgrading works for Sabah’s Tawau Airport.
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