KUALA LUMPUR: The Selangor state government has identified Serendah, Subang, Klang Valley 2 and I-City Shah Alam to be its new industrial hubs.

Menteri Besar Tan Sri Abdul Khalid Ibrahim, said the surrounding areas of the Sultan Salahuddin Abdul Aziz Shah Airport in Subang would be developed for aerospace industry and Serendah in Kuala Selangor for the automotive sector.

PUTRAJAYA: Malaysia is committed to adopting renewable energy and green technology to become a leading nation in the 21st century, said Datuk Seri Najib Tun Razak.

The prime minister said the government realised that in the 21st century renewable energy and sustainable energy as well as green technology would be the core of economic growth for all countries.

KUALA LUMPUR: it will take a while for the high-end high-rise residential market in the KLCC area in Kuala Lumpur to regain its former “glory”, says Henry Butcher Malaysia.

KUALA LUMPUR: The next few years will be tough for the Kuala Lumpur office property market. Vacancy rates are expected to rise in the next two years while rentals ease by 10% to 15%, says Sarkunan Subramaniam, executive director of Knight Frank Ooi & Zaharin Sdn Bhd.

KUALA LUMPUR: Bank Negara has left the Overnight Policy Rate (OPR) unchanged at 2% and its monetary piolicy will remain accommodative to ensure the Malaysian economic recovery is well entrenched.

The central bank said on Tuesday, Jan 26 the decision was made at its monetary policy committee (MPC) meeting.

KUALA LUMPUR: Primary housing sales in Malaysia are expected to remain moderate as property developers remain cautious over the economy this year, according to Dr. Zalian Mohd Isa, director of National Property Information Centre (NAPIC) of the Valuation and Property Services Department in the Finance Ministry

KUALA LUMPUR: Recovery for the Malaysian retail sector has been observed in 4Q 2009 but political risk and oversupply of retail space could dampen investor sentiment.

PENANG: The Penang government has selected Sim Leisure Consultants Sdn Bhd to run the RM120 million eco-friendly "Ecofun Theme Park Resort" project in Teluk Bahang.

KUALA LUMPUR: Industrial development projects in Malaysia are moving towards a more corporate image, from the previous "workshop" image.

Anthony Chua, executive director of KGV-Lambert Smith Hampton (M) Sdn Bhd said industrial developments now have new features such as the gated & guarded concept, wider roads, underground cabling & covered drainage, facade-glass and lifts.

KUALA LUMPUR: Sime Darby Property Bhd and Sunrise Bhd have formed a partnership through a 50:50 joint-venture (JV) company named Sime Darby Sunrise Development Sdn Bhd. The JV company will develop three lots of freehold commercial land measuring 20.95 acres in the 180-acre Bukit Jelutong.