It has been over a year since City & Country last visited BRDB Developments Sdn Bhd’s 1,400-acre Bandar Baru Permas Jaya township in Johor. Looking around, it is buzzing with activity and vibrancy.

Established in 1981, the township is being developed by BRDB’s wholly-owned subs...

BRDB to elevate offerings at Permas Jaya, Johor, with two upcoming projects

Setia Awan Group launched its second transit-oriented development (TOD) named Astrum Shah Alam in Shah Alam on Sunday (Sept 29), with an 80% take-up rate for two out of three towers, according to a press statement on Tuesday.

Two towers of Astrum Shah Alam by Setia Awan Group achieve 80% take-up

KUALA LUMPUR (Sept 30): Oriental Interest Bhd (KL:OIB) launched its latest affordable housing project named Putra Idaman at Desa Pinggiran Putra on Saturday (Sept 28), in collaboration with Permodalan Negeri Selangor Bhd (PNSB), through its subsidiary PNSB Construction Sdn Bhd. It also unveiled another upcoming affordable housing project with over 800 units, named Saujana Idaman in Selangor.

OIB Group partners Permodalan Negeri Selangor to launch Putra Idaman affordable homes, also unveils Saujana Idaman

Sime Darby Property Bhd (KL:SIMEPROP) has launched its Perfect 10 Sales Campaign, which will run till Oct 31, featuring properties from 10 locations within the developer’s townships.

Sime Darby Property’s Perfect 10 Sales Campaign to run till Oct 31

Three of UEM Sunrise Bhd’s (KL:UEMS) projects in Iskandar Puteri, Johor, with a combined gross development value (GDV) of RM499 million, have been fully taken up during their respective previews, according to a press statement issued on Wednesday.

Three UEM Sunrise projects in Iskandar Puteri with combined GDV of RM499 mil fully taken up

Sime Darby Property Bhd (KL:SIMEPROP) has topped out its transit-oriented development Serasi Residences at Putra Heights Sentral on Sept 9, according to a press statement on Sept 20.

Sime Darby Property tops out transit-oriented development Serasi Residences at Putra Heights Sentral

Since gaining independence in 1957, Malaysia has undergone tremendous transformation in its built environment and infrastructure, evolving from a nation with basic essential amenities to one that boasts world-class architecture and shiny skyscrapers.

Through the decades, both local and ...

Malaysia’s architectural landmarks through the decades

Johor-based KSW Group's The Commune Lifestyle Mall, located in Kulai, Johor, opened its doors to the public through an opening ceremony on Tuesday (Sept 10), according to a press statement issued on the same day.

KSW Group opens The Commune Lifestyle Mall in Kulai, Johor, to public

The much-anticipated reopening of Stadium Merdeka finally happened on Aug 17 in conjunction with the Sultan of Selangor’s Cup, where Selangor edged out Singapore 2-1. The stadium was closed in 2016 to make way for the construction of the soon-to-be-opened Merdeka 118 tower.

Stadium Merd...

Stadium Merdeka returns to its former glory

Marriott International Inc revealed its plans to open 20 hotels across Malaysia in the next five to 10 years during a roundtable media discussion on Tuesday at W Kuala Lumpur. This is in line with the company's goal to expand its brand in the region, said Marriott International chairman of the board David S Marriott.

Marriott International plans to open 20 hotels across Malaysia in the next five to 10 years

(Oct 4): Citadel’s US$64 billion (RM271.02 billion) hedge fund business has increased its Asia fundamental equities’ headcount to more than 60 people in just over three years, according to people familiar with the matter.

Citadel boosts Asia fundamental equities’ headcount past 60

Shipping stocks across Asia slumped after dockworkers at US East and Gulf coast ports agreed to suspend their strike, curbing expectations container rates will increase due to reduced supply.

Shipping shares in Asia tumble after US dockworkers pause strike

Asian stocks retreated on Friday while oil prices headed for their sharpest weekly gain in more than a year, as escalating tensions in the Middle East kept markets on edge ahead of a US jobs report later in the day.

Asian shares fall, oil set for weekly gains on Mideast risks

Malaysia’s energy stocks extended their gains on Friday as oil prices continue to rally amid fears of escalating Middle East tensions.

Malaysia energy stocks extend rally as oil prices climb further amid Mideast tension fears

MUMBAI (Oct 3): India on Thursday approved a 101 billion rupee (US$1.2 billion, or RM5.09 billion) programme to double edible oil production in the country within seven years, aiming to reduce dependence on costlier imports, the government said in a statement.

India aims to double edible oil output to trim reliance on imports

Southern Taiwan worked on Friday to clear up damage from flooding and high winds after Typhoon Krathon slammed into a major metropolis, while most of the rest of the island resumed work and financial markets reopened.

Taiwan clears up, slowly reopens after hit from Typhoon Krathon

An Australian judge rejected an attempt by social media platform X to wipe a A$610,500 (US$418,100 or RM1.7 million) fine levied by a watchdog, a notable victory in the country’s battle with global internet companies.

Musk’s X loses court fight with Australia over social media fine

RHB Research has revised its earnings projections for YTL Power International Bhd (KL:YTLPOWR) for the fiscal years 2025 to 2027, reducing them by 5% to 6% due to a stronger ringgit, according to its note on Friday.

RHB Research cuts YTL Power earnings forecasts due to currency impact

US dock workers and port operators have reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the US East Coast and Gulf Coast, the two sides said in a statement on Thursday.

US port workers and operators reach deal to end East Coast strike immediately

MORNING CALL: 4/10/24

Here is brief recap of some business news and corporate announcements that made headlines on Thursday.

Velesto, MPHB, Kuchai, Sungei Bagan, Lay Hong, Atlan, Techna-X, MyEG, Harrisons, Maybank and Varia 

Mark Zuckerberg became the world’s second-richest person for the first time Thursday, jumping ahead of Jeff Bezos as shares of Meta Platforms Inc continue to climb.

Zuckerberg passes Bezos to become world’s second-richest person

RHB Research has revised its earnings projections for YTL Power International Bhd (KL:YTLPOWR) for the fiscal years 2025 to 2027, reducing them by 5% to 6% due to a stronger ringgit, according to its note on Friday.

The US is discussing strikes on Iran's oil facilities as retaliation for Tehran's missile attack on Israel, President Joe Biden said on Thursday, while Israel's military hit Beirut with new air strikes in its battle against Lebanese armed group Hezbollah.

US discusses possible Israeli strikes on Iran oil sites as Israel presses Lebanon campaign

PKR international bureau chairman Datuk Seri Shamsul Iskandar Md Akin claims that the consensus among parties within Perikatan Nasional (PN) is becoming increasingly fragile.

PN parties’ consensus weakening, says Shamsul Iskandar 

Oil and the dollar rose as tensions in the Middle East unnerved investors ahead of US jobs data due later Friday that will help identify the path ahead for interest rates.

Oil soars on Mideast tensions ahead of US jobs

US Federal Reserve losses crossed the US$200 billion (RM844 billion) point this week, according to data released on Thursday by the central bank.

US Fed's paper losses top US$200b mark

US dock workers and port operators have reached a tentative deal that will immediately end a crippling three-day strike that has shut down shipping on the US East Coast and Gulf Coast, the two sides said in a statement on Thursday.

Prime Minister Datuk Seri Anwar Ibrahim's three-day state visit to Pakistan secured potential trade deals worth RM2.65 billion, according to Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz.

Zafrul: RM2.65b in trade deals secured during PM’s state visit to Pakistan 

All members of the Dewan Rakyat are advised to focus on discussing the affairs of the people instead of politics during the presentation of the 2025 Budget, said Speaker of the Dewan Rakyat Tan Sri Dr Johari Abdul.&nbsp;

Budget 2025: Members of Dewan Rakyat must focus on people's welfare, not politics — Johari

Metals traders arriving in London for LME Week were in for a surprise as they caught up with friends and customers from China. 
&nbsp; 
For the last couple of years, the biggest consumer and producer has been a buzzkill for metals bulls — but now suddenly Chinese representatives were among the most bullish in any room.

Sudden shift on China means LME Week whiplash for metal traders

Malaysia’s energy stocks extended their gains on Friday as oil prices continue to rally amid fears of escalating Middle East tensions.

There is a clear commitment from the leadership of Malaysia and Pakistan to resolve any issues that could impede the flourishing trade and commerce between the two countries, said Prime Minister Datuk Seri Anwar Ibrahim.

Speaking at a business dialogue event attended by Pakistani Prime Minister Shehbaz Sharif, Anwar noted that the commitment to enhance trade ties between Kuala Lumpur and Islamabad is currently at the highest level within both governments.

Malaysia, Pakistan leaders commit to enhancing trade and commerce — Anwar

Alphabet Inc’s Google is beginning a wide rollout of ads that will be displayed within and alongside the AI-generated summaries that appear at the top of some search results — a move meant to show investors that costly artificial intelligence (AI) projects can generate revenue.

Google begins wide rollout of ads in AI Overviews search results

Wall Street's main indexes were mixed on Thursday after data showed strong service activityin the world's largest economy, while cautious investors watched for any escalation in the Middle East conflict.

Wall St opens mixed after economic data; Middle East tensions in focus

Binance’s rehabilitative efforts appear to be slow to take root, with the largest crypto platform’s share of trading volume in the roughly US$2 trillion (RM8.4 trillion) digital-asset market falling in September to the lowest level in four years.

Binance’s crypto market share drops to lowest level in four years

The Corruption Perception Index (CPI) Special Task Force, which met for the first time on Thursday, will establish a 'Focus Group' to implement measures to improve the CPI in the country.

The meeting was chaired by Chief Secretary Tan Sri Shamsul Azri Abu Bakar and attended by Malaysian Anti-Corruption Commission (MACC) Chief Commissioner Tan Sri Azam Baki.

Corruption Perception Index Task Force forms focus group to improve perception

OpenAI has tapped global banks for a US$4 billion (RM16.67 billion) revolving line of credit on top of its recent US$6.6 billion fundraising, building a massive war chest to stay ahead in the costly race to develop more sophisticated artificial intelligence (AI).

OpenAI gets US$4 bil in credit on top of US$6.6 bil in fundraising

US stocks churned as traders weighed the prospect of escalating conflict in the Middle East against positive economic data. Crude and the dollar extended advances.&nbsp;

Wall Street on edge as Mideast upstages economy

Republican presidential candidate Donald Trump said on Thursday that if he is elected in November, no state will be able to ban gasoline-powered cars or trucks, as he seeks to make the future of the auto industry a key campaign issue.

Priya Devan

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