<div>Jones Lang LaSalle (JLL) has acquired Indonesian real-estate-services firm PT Procon Indah, which the former says will make it the largest real-estate- services company in Indonesia. The combined business operations will have 300 staff, headquarters in Jakarta, as well as offices in Bali and Surabaya.</div>
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<div>The integration and rebranding of the business will begin immediately, with Todd Lauchlan as country head and the former CEO of Procon, Lucy Rumantir, as chairman. The combined business allows JLL to offer a greater depth of expertise and larger number of services to existing clients, according to Lauchlan.</div><div class=inPageAd id=div-gpt-ad-inpage></div>
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Jones Lang LaSalle (JLL) has acquired Indonesian real-estate-services firm PT Procon Indah, which the former says will make it the largest real-estate- services company in Indonesia. The combined business operations will have 300 staff, headquarters in Jakarta, as well as offices in Bali and Surabaya.
 
The integration and rebranding of the business will begin immediately, with Todd Lauchlan as country head and the former CEO of Procon, Lucy Rumantir, as chairman. The combined business allows JLL to offer a greater depth of expertise and larger number of services to existing clients, according to Lauchlan.
 
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JLL acquires Indonesian realestate- services company Procon

At least 68 people died when two Spanish high-speed trains collided on Wednesday, with rescuers scouring the wreckage for more bodies after Spain's second deadly rail accident this year and Europe's deadliest since 2013.

At least 68 dead in Spain's second major train crash this year

The average size of monitored wildlife populations worldwide declined by 73% between 1970 and 2022, according to the World Wide Fund for Nature’s (WWF) “Living Planet Report 2026: The Science of Hope”, released on Oct 8.

Monitored wildlife populations shrink by 73% on average over five decades

With the Ministry of Housing and Local Government (KPKT) preparing to mandate recycling facilities across all shopping malls, retail operators must begin investing substantial time and capital into recycling initiatives, mainly centred on waste separation at source systems and logistics partnersh...

Circular Economy: Malls taking the lead to promote recycling

Six youths looking to sue the government in their bid to enforce Malaysia’s 50% forest cover pledge will know on Dec 9 whether their case can proceed further, their lawyer Lim Wei Jiet tells ESG.

The six applicants are Abe Lim, Sitti Fatimah, Winona Elisha Jemak, Lee Yu Dong, A...

Action: High Court to rule on ‘Mana Hutan Kami’ suit on Dec 9 following AGC objection

The Securities Commission Malaysia’s (SC) announced plan to ask major listed companies for their El Niño preparedness is both a climate-disclosure development and a governance stress test, assessing the quality of board oversight over climate-related business risk.

Many Malaysian organi...

Views: When moderate to low climate risk becomes a board’s blind spot

While carbon footprints and board diversity are frequently discussed, the inclusion of neurodivergent individuals — those with autism, attention-deficit or hyperactivity disorder (ADHD) and other cognitive differences — remains a frontier that few small and medium enterprises (SMEs) have dared to...

Social: Incentive claiming process for hiring PWDs needs to be digitalised and simplified

A common criticism of nature-based carbon projects is that they could erode the rights of indigenous communities who live on the land and rely on the forests for farming, hunting and gathering forest produce.

There are allegations of failure by project developers to engage with indigeno...

Cover Story: Benefit sharing in carbon credit projects must be strengthened

Datuk Ho Leng Wai, executive chairman of CY Plastic Recycling Group of Companies, began his career in this industry on the ground. He started by collecting plastic scrap and later made a trip to China to learn how to turn it into new plastic again.

In 2004, he established a factory in K...

Waste: Consumer acceptance and regulation needed to boost use of post-consumer recycled plastics

Under a voluntary framework unveiled on Sept 28, the Malaysian Communications and Multimedia Commission (MCMC) wants the telecommunications, broadcasting, and postal and courier sectors to manage 15 million devices sustainably and set up 300 e-waste collection and refurbishment points by 2030.

Blueprint: MCMC targets 15 million devices managed sustainably under voluntary road map

Here is a brief recap of some business news and corporate announcements that made the headlines on Wednesday

Maxis, Zetrix AI, Bursa Malaysia, CTOS Digital, CIMB, Jati Tinggi, Oriental Interest, Pantech Group, Berjaya Property, Titijaya, T7 Global & Kanger International

<p>Bank Negara Malaysia (BNM) has fined two subsidiaries of AMMB Holdings Bhd (KL:AMBANK) a total of RM552,000 for failing to promptly report cash transactions of RM25,000 and above, following lapses in their reporting systems.</p>


BNM fines AmBank, AmBank Islamic RM552,000 over delayed cash transaction reports

<p>The Malaysian billionaire families behind Maxis Bhd (KL:MAXIS) and U Mobile Sdn Bhd are reviving plans to combine the companies in a deal that could create the country’s biggest wireless operator by market value, people with knowledge of the matter said.</p>


Malaysian billionaires said to revive plan to create nation’s biggest mobile operator

<p>States without sufficient water supply will not be allowed to host data centres, even if land is available, as Malaysia tightens its approval process for new projects, Investment, Trade and Industry Minister Datuk Seri Johari Abdul Ghani said.</p>


States without sufficient water supply cannot host data centres, says Johari Ghani

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<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&nbsp;&nbsp; &nbsp;While high-profile deals continue (such as the RM132 million sale of Menara Haw Par and other land acquisitions), buyer...

Menara Haw Par deal signals renewed interest in KL’s Golden Triangle

<p>Singapore’s top diplomat got to Jakarta so fast this week that his hosts described the visit as unexpected.&nbsp;</p>


Singapore’s top envoy on mission to soothe Indonesian angst

<p>Berjaya Property Bhd's (KL:BPROP) unit Berjaya Construction Bhd said on Wednesday it will undertake design-and-build works for the Sanglang Port development project in Perlis.</p>


Berjaya Construction to undertake design-and-build works for RM1.2 bil port development project in Perlis

<p>The Securities Commission Malaysia (SC) has paid a visit to Zetrix AI Bhd’s (KL:ZETRIX) headquarters in Petaling Jaya as part of an investigation involving the company, according to sources familiar with the matter.&nbsp;</p>


SC visits Zetrix AI headquarters amid probe, sources say

<p>Datin Seri Rosmah Mansor will vigorously resist a Lebanese jewellery firm’s bid to enforce a High Court judgement in June which had ordered her to pay the firm RM67.5 million over 43 missing pieces of jewellery that had been sent to her in February 2018.</p>


Rosmah to vigorously resist Lebanese firm enforcing RM67.5 mil judgement on her

<p>AMMB Holdings Bhd (KL:AMBANK) will likely shrug off rising bond yields, and it may be time to start buying shares of the sixth-largest bank in Malaysia again, an analyst said.</p>


AMMB on track with earnings, time to ‘buy’ again — analyst

<p>Mitsubishi Materials Corporation will stop processing copper and copper alloy strips in Johor as part of reorganisation efforts at the Japanese smelting firm.</p>


Mitsubishi Materials to shut down copper processing ops in Johor

<p>KUALA LUMPUR (Oct 28): Bursa Malaysia Bhd (KL:BURSA) reported on Wednesday that its earnings grew nearly 10% in the third quarter from a year earlier, thanks to higher trading activities.</p>


Bursa Malaysia grows 3Q net profit by nearly 10%, says on track with targets

<p>Standard Chartered (StanChart) on Wednesday hiked its full-year growth and profitability targets after third-quarter income handily beat estimates, sending its shares 8% higher.</p>


StanChart shares soar after it hikes full-year targets and trounces profit estimates

<p>Malaysian advanced materials company and deep-tech unicorn&nbsp;Vertex Material plans to list on the US Nasdaq stock exchange in the second or third quarter of next year, targeting&nbsp;to raise funds of US$300 million (RM1.22 billion) to US$400 million, said its chief executive officer Chris Lai.</p>


Malaysia's Vertex Material plans Nasdaq listing by 2Q-3Q next year, to raise US$300m to US$400m

<p>Israel's currency, stocks and bonds came under pressure on Wednesday as election results showed Prime Minister Benjamin Netanyahu's right-wing bloc performing more strongly than expected, but still falling short of a parliamentary majority.</p>


Israeli stocks fall, shekel weakens as Netanyahu bloc beats election forecasts

<p>The Malaysia Competition Commission is investigating 510 firms over suspected bid-rigging in tenders worth more than RM3 billion across the public and private sectors.</p>


Malaysia Competition Commission probes 510 companies for potential bid-rigging

<p>Tan &amp; Tan Developments Bhd, the property development arm of IGB Bhd (KL:IGBB), is all set to unveil its mixed-use development — Aviera Bangsar South — in Kuala Lumpur this November.</p>

<p>The freehold project, which has a gross development value (GDV) of RM656 million, comprises the 35-st...

Tan & Tan Developments to launch Aviera Bangsar South next month

<p>Opcom Holdings Bhd, now known as Hextar capital Bhd (KL:HEXTAR), co-founder Eric Chhoa Kwang Hua is seeking to list fibre-optic cable protection materials manufacturer Unigel Global Bhd on Bursa Malaysia’s ACE Market to fund its Malaysian expansion.</p>


Opcom co-founder Eric Chhoa’s Unigel Global seeks ACE Market listing to fund Malaysian expansion

<p>JAKARTA (Oct 28): Indonesia's sovereign wealth fund Danantara has submitted a bid to buy a stake in the country's stock exchange as the bourse prepares for demutualisation, the exchange's chief executive said on Wednesday.</p>


Danantara bids for stake in Indonesian stock exchange, bourse chief says

<p>T7 Global Bhd (KL:T7GLOBAL) said on Wednesday it has secured a three-year contract to provide hook-up and commissioning (HUC) services in Peninsular Malaysia from a&nbsp;PETRONAS-Eni joint venture.</p>


T7 Global bags three-year commissioning contract from PETRONAS-Eni JV   

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<p><span style="color:#c0392b;"><strong>Summary</strong></span></p>

<p>•&nbsp;&nbsp; &nbsp;Malaysian market players view Indonesia’s planned Icomex positively</p>

<p>•&nbsp;&nbsp; &nbsp;Success of futures pr...