Glomac plans to raise up to RM3 bil via sukuk programme
Glomac Bhd (KL:GLOMAC) plans to raise up to RM3 billion through a sukuk wakalah programme to finance land acquisition, refinance debts and fund capital expenditure.
SD Guthrie, TH Properties mulling RM220m industrial park development
SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, said it is partnering with TH Properties Sdn Bhd to develop Malaysia’s first halal-certified managed industrial park in Negeri Sembilan.
Govt mulls escrow account to ringfence homebuyers’ payments
The Housing and Local Government Ministry (KPKT) said it is planning the setting up of escrow accounts for housing projects, in order to ensure payments by homebuyers are used exclusively for housing projects that they have bought.
DONE DEAL: Condominium, Menara Bukit Ceylon, Jalan Ceylon, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up 1,400 size: sq ft
- 2 bedrooms, 2 bathrooms
- Floor level: Mid
- Fully furnished
- Nearby amenities: TERKL, Perdana Botanical Gardens, Pavilion Bukit Bintang, Plaza Low Yat, Tung Shin Hospital, Monorail Raja Chulan, MRT Bukit Bintang, Central Market, schools, Bursa Malaysia Stock Exchange Center
- Accessibility: Jalan Maharajalela, Jalan Tun Perak, Jalan Pudu, Jalan Raja Chulan, AKLEH, Jalan Sultan Ismail, Jalan Imbi, Jalan Tun Razak
When: June 2024
Malaysia to rely on conventional power as data centres sprout up — experts
With data centres (DCs) straining national power grids elsewhere, prompting Big Tech to explore alternative power sources to reduce emissions, Malaysia may still rely on conventional power for DCs at home, said experts.
Tuju Setia bags RM248m construction job from Sime Darby Property
Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a RM247.95 million contract from Sime Darby Property Bhd (KL:SIMEPROP) to construct two blocks of service apartments with a gross development value (GDV) of RM597.2 million in USJ 7, Subang Jaya, Selangor.
Myra Land opens Phase 2 of Myra Cove, Phase 1 almost sold out
With the success of Phase 1, Myra Land Sdn Bhd recently introduced the second phase of Myra Cove.
Tropicana and VitaHealth get overwhelming response to Offline 16 wellness event
Tropicana Corporation Bhd and VitaHealth Malaysia attracted 300 participants to its Offline 16 mental wellness event on Saturday (Aug 17).
Magma's 75%-subsidiary sued over alleged breach of agreement
Magma Group Bhd (KL:MAGMA) said Impiana Selo Tioman Resorts Sdn Bhd, a 75%-owned unit of the hospitality group, is being sued by two individuals over an alleged breach of a sale and purchase agreement relating to five parcels of land in Tioman, Pahang.
DONE DEAL: Serviced residence, Jalan P Ramlee, Kuala Lumpur
Noteworthy:
- Freehold
- Built-up size: 3,305 sq ft
- 4 bedrooms, 4 bathrooms
- Floor level: High
- Semi-furnished
- Nearby amenities: Petronas Twin Towers, KL Tower, TERKL, KLCC Park, Suria KLCC, Pavilion KL, Monorail Raja Chulan, Monorail Bukit Nanas, LRT Dang Wangi, MRT Bukit Bintang, Prince Court Medical Centre
- Accessibility: AKLEH, Jalan Sultan Ismail, Jalan Kuching, Jalan Tun Razak, Jalan Ampang, Jalan Raja Chulan, Jalan Pudu
When: June 2024
