The Klang Valley residential property market saw more completions but slower transaction activities on a quarter-on-quarter (q-o-q) basis in 4Q2023, according to Savills Malaysia director of research and consultancy Fong Kean Hwa, in presenting The Edge Malaysia | Savills Klang Valley Re...

The Edge Malaysia | Savills Klang Valley Residential Property Monitor 4Q2023: More residential properties completed during the quarter

Gadang Land Sdn Bhd, the property development arm of Gadang Holdings Bhd, is planning to launch the third phase of its Laman Citra landed homes development in Pekan Nanas, Johor, in June.

Gadang Land head of finance and sales Kok Pei Shing tells City & Country in an email i...

Gadang Land to launch third phase of Laman Citra landed homes in Johor

US-based non-profit association for corporate real estate (CRE) professionals CoreNet Global hosted its 2024 Global Asia-Pacific (Apac) Summit in Kuala Lumpur last month, which gathered 670 leaders in the CRE profession from Fortune 500 companies all around the world.

Held from March 5 ...

CoreNet Global continues to advance, support corporate real estate practice

Since the opening of its dining enclave just over a year ago, Bamboo Hills by UOA Development Bhd has become one of the Klang Valley’s most attractive destinations, offering a unique dining concept comprising individual pavilions nestled within a 16.48-acre green landscaped setting, complete with...

UOA Development to launch Bamboo Hills Residences in 2Q

Johor Corp's (JCorp) real estate and infrastructure arm, JLand Group Sdn Bhd has signed a memorandum of understanding (MOU) with biotechnology company ALPS Global Holding Bhd (ALPS) to establish BioValley in Sedenak, Johor.

JLand Group and ALPS ink MOU to establish biotechnology hub at Ibrahim Technopolis in Johor

SkyWorld Development Bhd held a key handover ceremony for its SkyAwani 5 Residences’ homebuyers last Saturday (March 9).

SkyWorld hands over keys to new homeowners of SkyAwani 5 Residences

In recent years, artificial intelligence (AI) has seen a shift from academia to industry and is fast becoming mainstream. For instance, the launch of OpenAI’s ChatGPT in November 2022 saw 100 million users sign up within two months.

During the JLL Breakfast Talk themed “Exploring the Im...

AI seen as game changer for real estate, but tech knowledge still low, says JLL Malaysia

Tourism-related property developer Yong Tai Bhd, through its wholly owned subsidiary PTS Impression Sdn Bhd (PTSI), has entered into a strategic collaboration agreement with 828 Asia Pte Ltd, a subsidiary of Singapore-based event organiser Ebenex Group on Feb 28, 2024, to promote Yong Tai’s Encore Melaka Theatre, according to a statement on March 5.

Yong Tai partners Singapore-based Ebenex Group to promote Encore Melaka, with first event to take place in April

KUALA LUMPUR (March 4): Platinum Victory Sdn Bhd launched PV22 Residences, a mixed-use development in Setapak, Kuala Lumpur on Feb 24, in conjunction with its Chinese New Year celebration at the PV22 Residence sales gallery.

Platinum Victory launches PV22 Residences in Setapak

Navigating the complexities of strata ownership

AME Elite Consortium Bhd (KL:AME) is selling 11 plots of freehold land measuring over 34.91 acres in Pulai, Johor Bahru, for RM209.84 million cash to a Hong Kong-based data centre operator.

AME Elite sells land in Pulai to data centre operator

(May 13): If financial markets are right, interest rates won't just stay high this year, but possibly forever.

The return of inflation means ultra-low rates are history. And markets now reflect a scenario where even the neutral interest rate that balances the economy in the long ru...

The case for forever high interest rates

A building manager was fined RM1,000 by the magistrate's court here on Monday for cheating an individual by impersonating the Johor Police Chief in seeking the release of 11 prisoners for a payment of RM1,500 each last week.

Magistrate Atiqah Mohamed @ Mohamad Saim meted out the fine, in default a month in jail, on A. Ganasean, 51.

Building manager fined RM1,000 for impersonating Johor police chief

Dewan Negara president Senator Datuk Mutang Tagal was laid to rest at the Fairy Park Miri Memorial, 33 kilometres from here on Monday.

Mutang Tagal laid to rest at Fairy Park Miri Memorial

Senior South Korean and Chinese diplomats are set to hold their first talks in Beijing in some six years, with US policies on semiconductor exports and North Korea’s atomic ambitions likely to dominate the encounter.

Top Chinese, South Korean diplomats set for rare talks in Beijing

KUALA LUMPUR (May 13): Semiconductor support services firm Frontken Corp Bhd (KL:FRONTKN) said a fire broke out at one of its facilities on Sunday (May 12) at around 2.45pm.

Fire broke out at Frontken’s Kulim unit on Sunday; no injuries reported

Serendib Capital Ltd said on Monday an agreement to rescue Sarawak Cable Bhd (KL:SCABLE) remains in force and cannot be terminated unilaterally.

Serendib says Sarawak Cable’s rescue agreement still in force, cannot be terminated unilaterally

Amazon.com Inc, Pfizer Inc, Microsoft Corp and Morgan Stanley are among the companies poised to boost their presence in France, with a flurry of new foreign investments to be unveiled on Monday.

Microsoft, Amazon, Morgan Stanley, Pfizer to announce French projects

MIDF Amanah Investment Bank Bhd has maintained a “positive” call on the construction sector in view of an expected strong pipeline of civil and private jobs in the second half of 2024 (2H2024).

In a research note on Monday, the investment bank said the industry would see the expected implementation of government projects in 2H2024 in tandem with the allocation under Budget 2024, which had set aside RM90 billion for development expenditure (DE).

MIDF Amanah maintains 'positive' stance on construction sector

KUALA LUMPUR (May 13): The Malaysia Aviation Group Bhd (MAG) has launched a global campaign that offers one-way flight tickets for as low as RM69 via its airlines Malaysia Airlines and Firefly, to connect travellers to enriching travel experiences.

Malaysia Airlines, Firefly launch global campaign offering competitive airfares

Al Rajhi Banking &amp; Investment Corporation (Malaysia) Bhd has named Mohd Syahrul Ishak as chief executive officer effective Monday.

Al Rajhi Bank Malaysia names former CIMB exec Mohd Syahrul Ishak as CEO

Shares of AwanBiru Technology Bhd (KL:AWANTEC) surged 73% on Monday to their highest in nearly two months as trading resumed with a sharp spike in volume after the company shed its affected listed issuer status.

Awantec surges 73% as trading resumes after shedding affected issuer status

The US International Trade Commission (USITC) has determined that there is a reasonable indication that an industry in the US is threatened by the import of ferrosilicon from Brazil, Kazakhstan, Malaysia, and Russia.

US investigating sale of ferrosilicon from Malaysia, other countries

Shares of Mi Technovation Bhd (KL:MI) surged to their highest in more than two years after the semiconductor company reported an over four-fold jump in first-quarter net profit.

Mi Technovation surges to over two-year high after 1Q net profit more than quadruples

The Securities Commission Malaysia (SC) has updated its Investor Alert List.

SC adds five entities to Investor Alert List, three being potential clones

Superpowers led by the US and European Union have funneled nearly US$81 billion (RM384.22 billion) towards cranking out the next generation of semiconductors, escalating a global showdown with China for chip supremacy.

Global chips battle intensifies with US$81b subsidy surge

RHB Investment Bank (RHB IB) Research said that based on the latest market capitalisation rankings of eligible stocks, Sunway Bhd (KL:SUNWAY) is ranked at 24 and will be eligible for inclusion into the list of component stocks of the FBM KLCI if the ranking remains at the cut-off date.

Sunway will be eligible for inclusion as KLCI component stock at AMMB's expense, says RHB IB

KUALA LUMPUR (May 13): Shares of Sungei Bagan Rubber Co (Malaya) Bhd (KL:SBAGAN) and its related companies extended their gains on Monday, as investors continued to bid up the stocks on news of buyout of Singapore’s Great Eastern Holdings Ltd.

Sungei Bagan Rubber, related companies extend rally to near two-decade high

KUALA LUMPUR (May 13): Eversendai Corp Bhd’s recent sharp rise in its share price has attracted scrutiny from Bursa Malaysia, which issued an unusual market activity (UMA) query to the steel structure and fabrication company on Monday.&nbsp;

Eversendai gets UMA query as share price jumps to five-year high

Aurelius Technologies Bhd’s (KL:ATECH) wholly owned subsidiary BCM Electronics Corp Sdn Bhd on Monday announced the commencement of construction for a new integrated manufacturing plant, known as P5, in Kulim Hi-Tech Park, Kedah.

Aurelius breaks ground for new manufacturing plant in Kulim

KUALA LUMPUR (May 13): Hong Leong Investment Bank (HLIB) Research has upgraded Press Metal Aluminium Holdings Bhd (KL:PMETAL) to “buy” at RM5.34, with a higher target price (TP) of RM6 (from RM4.65), and said that although aluminium demand has been somewhat dragged by the property slump in China ...

 HLIB: Press Metal set to achieve solid double-digit earnings growth in FY2024

TA Securities has valued ACE Market-bound engineering solutions provider Kawan Renergy Bhd at 12 times calendar year 2025 (CY2025) earnings per share (EPS), arriving at a fair value of 55 sen.

TA Securities values ACE Market-bound Kawan Renergy at 55 sen 

RHB Retail Research said Careplus Group Bhd (KL:CAREPLS) is set for an uptrend reversal after rebounding above the 21-day simple moving average line while surpassing the 31.5 sen immediate resistance last Friday on stronger trading volume.

Careplus set for uptrend reversal, says RHB Retail Research 

Foreign buying of Malaysian equities extended for the third consecutive week, albeit at a slight moderation of 9.3% to RM961.1 million last week from RM1.06 billion the prior week.

Foreign buying of local equities moderated to RM961m last week, says MIDF

KUALA LUMPUR (May 13): Trading of securities in AME Elite Consortium Bhd (KL:AME) has been suspended on Monday, ahead of a material announcement.&nbsp;

Trading of securities in AME Elite suspended ahead of material announcement

AME Elite Consortium Bhd (KL:AME) is selling 11 plots of freehold land measuring over 34.91 acres in Pulai, Johor Bahru, for RM209.84 million cash to a Hong Kong-based data centre operator.

PUTRAJAYA (May 13): The Immigration Department&nbsp;and Home Ministry&nbsp;are exploring the implementation&nbsp;of a quick response (QR) code system&nbsp;at several main entry points of the country, to address congestion issues.

Immigration Dept, Home Ministry exploring QR code system at country’s entry points

Asian shares eked out a 15-month high on Monday in a week where inflation figures could make or break hopes for earlier US rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No 2 economy.

Asia stocks touch 15-month top, wary of US inflation

The Malaysian Bar’s bid to seek a judicial review of the Federal Territories Pardons Board’s decision to cut former prime minister Datuk Seri Najib Razak’s jail term and fine for his conviction in the SRC International case gives hope to the court of public opinion.

Alternative Views: Malaysian Bar gives hope to court of public opinion

President Joe Biden will double, triple and quadruple tariffs on some Chinese goods this week, unveiling the measures at a White House event framed as a defence of American workers, people familiar with the matter say.

Chai Yee Hoong

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Chai Yee Hoong

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