Econpile Holdings Bhd (KL:ECONPILE) has secured a RM27 million contract for piling and pile cap works at a serviced apartment project in Kelana Jaya, Petaling Jaya.

Economists were divided on whether Bank Negara Malaysia’s (BNM) first rate cut since July 2020 marks the start of a rate cut cycle, with most expecting no further cuts this year despite an expected slowdown in growth.

Noteworthy:

• Freehold
• Built-up size: 4,115 sq ft
• Floor Location: Penthouse
• 5 bedrooms, 7 bathrooms
• Fully furnished
• Nearby amenities: Sunway 163 Mall, Mont’Kiara International School, Damansara Specialist Hospital 2, Kuala Lumpur Golf & Country Club
• Accessibility: SPRINT-Damansara and Penchala Links, NSE, NKVE, Jalan Dutamas

When: April 2025

Paramount Property Development Sdn Bhd has unveiled Traverse with Paramount, a six‑month campaign that sets aside a total of eight million Asia Miles to reward buyers of selected residential developments.

The TOD is part of the 34.6-acre SJ7 masterplan, nestled in one of the most matured and vibrant townships in the Klang Valley.

Malaysia’s central bank on Wednesday moved to cut interest rates for the first time in nearly two years to support an economy facing downside risks to its growth.

Bina Puri Holdings Bhd (KL:BPURI) said on Tuesday that two of its wholly-owned subsidiaries have been served with winding-up petitions by the government, via the Inland Revenue Board, for failing to settle outstanding tax liabilities.

SkyWorld Development Bhd (KL:SKYWLD) is acquiring a 25.9-acre parcel of land in Batu Kawan, Penang, for RM48.51 million as part of a previously announced joint development to build affordable housing units in the state.

Noteworthy:

• Freehold
• Built-up size: 732 sq ft
• Land size: 770 sq ft
• 3 bedrooms, 2 bathrooms
• Semi-furnished
• Nearby amenities: Today's Mall, Mid Valley Southkey, Hospital Sultan Ismail, Bukit Batu Putih, SK Taman Bukit Rimba, Ulu Tiram Health Clinic
• Accessibility: Jalan Kota Tinggi, Pasir Gudang Highway, ELITE Highway, PLUS Highway

When: January 2025

Abadi Malaysia Sdn Bhd, Kota Lanskap Sdn Bhd and Usia Maintenance Sdn Bhd were found to have infringed Section 4 of the Competition Act 2010 in six tenders collectively worth RM44.85 million put out in 2018 and 2021.