TRX City Sdn Bhd, master developer of the 70-acre Tun Razak Exchange (TRX), is going to build another office tower, which is expected to have a net lettable area (NLA) of 800,000 sq ft. The new building will be on Lot C7-10, which is adjacent to HSBC Malaysia’s headquarters, Menara IQ.

...

TRX City to build another office block, secures PwC as anchor tenant

THE listing of TMK Chemical Bhd (KL:TMK) on the Main Market of Bursa Malaysia will take place on Thursday, Dec 12.

At an initial public offering (IPO) price of RM1.75 per share, TMK — which specialises in chemical management and storage solutions — will have a market capitalisation of R...

IPO Watch: Main Market debut for TMK Chemical this Thursday 

A white knight has emerged to take over the development of the stalled Penang World City (PWC) in Bayan Baru, Penang.

The white knight, who is a developer, is said to be in the midst of restructuring Hemat Tuah Sdn Bhd, in which the brother of MBI’s Tedy Teow and associates close to the...

White knight to take over RM10 bil Penang World City project

I sold Malaysian empanadas — ok, karipap — in Argentina, right after completing high school. I had gone there on a one-year student exchange programme under the American Field Service (AFS).

Coffee Break: Hold tight and ten fé

Property

Overweight

UOB KAY HIAN (NOV 6): Most developers under our coverage are expected to report stronger results for 3Q24, especially S P Setia Bhd (KL:SPSETIA) and UEM Sunrise Bhd (KL:UEMS), driven by contributions fr...

Brokers Digest: Local Equities - Property, Fraser & Neave Holdings Bhd, Genetec Technology Bhd, T7 Global Bhd

Notable filings

From Oct 21 to 25, among the notable changes in shareholding at companies publicly traded on Bursa Malaysia were those at Wasco Bhd (KL:WASCO).

Privately held Midvest Asia Sdn Bhd disposed of 20 million shares, or a 2.58% stake, in the energy...

Insider Moves: Wasco Bhd, SHH Resources Holdings Bhd, Magna Prima Bhd, Matrix Concepts Bhd, Nestlé (Malaysia) Bhd, Gamuda Bhd 

STEEL manufacturer Ann Joo Resources Bhd (KL:ANNJOO) is seeking a buyer for its prime land in Seberang Perai, Penang. It is understood that the 100-acre plot is part of its 200-acre Prai industrial land. If the freehold tract sells as high as RM800 million or RM180 psf as estimated by industry ex...

Ann Joo puts 100-acre prime Prai industrial land up for sale

The main focus at home this week will be on the final reading of third quarter (3Q) gross domestic product (GDP), which will be released by Bank Negara Malaysia on Friday (Nov 15).

The Week Ahead: Eyes on 3Q GDP, four Bursa listings, COP29 and US developments

Datuk Mohammad Faiz Azmi

Chairman, Securities Commission Malaysia

Cover Story: Some thoughts on Budget 2025 from industry leaders

KUALA LUMPUR (Oct 30): IJM Land Bhd’s chief executive officer (CEO) Datuk Wong Tuck Wai is retiring after a 28-month stint at the property division of conglomerate IJM Corp Bhd (KL:IJM), internal communication showed.

IJM Land’s CEO Wong Tuck Wai retires, operations chief Tony Ling to take over

Rupert Murdoch's News Corp said on Monday it would sell its Australian cable TV and streaming unit Foxtel to British over-the-top sports streaming and entertainment platform DAZN for A$3.4 billion (US$2.1 billion), including debt.

News Corp to sell Australia's Foxtel to DAZN for US$2.1 bil

Australia’s new targets for carbon emission cuts by 2035 are expected to be delayed by several months as a result of Donald Trump’s return to the White House, likely pushing them out beyond the next election which is due to be held by May.

Australia to delay new climate targets following Trump’s return

Asian stocks are set for a cautiously positive start in holiday-thinned trading after the Federal Reserve’s preferred inflation gauge came in below expectations on Friday and a US government shutdown was averted over the weekend.

Asian stocks eye cautious gains as US worries ease

(Dec 22): Emerging markets (EM)-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.

For emerging markets, ‘better luck next year’ is hard to believe

SEREMBAN (Dec 22): Barisan Nasional (BN) chairman and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has assured that Umno and Barisan Nasional (BN), as component parties, will be fully committed to the Unity Government until the next election.

Umno and BN will remain a part of Unity Govt for GE16 — Ahmad Zahid

(Dec 22): Singapore Post Ltd (SingPost) fired its chief executive officer and several other senior leaders following allegations related to its international e-commerce logistics parcels business.

SingPost fires CEO, execs after whistleblowing report

BENGALURU (Dec 22): Japan's competition watchdog is expected to find Google guilty of violating the country's antitrust law, Nikkei Asia reported on Sunday, citing sources.

Japan's antitrust watchdog expected to find Google guilty of violating country's law in search case, Nikkei reports

BENGALURU (Dec 22): Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister Saad al-Kaabi told the Financial Times (FT) in an interview published on Sunday.

Qatar vows to stop EU gas sales if fined under due diligence law, FT reports

(Dec 22): One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing.

China property flare-ups resurface as crisis enters fifth year

(Dec 22): Indonesia claimed victory after Apple Inc offered to increase its investment in the country to US$1 billion (RM4.50 billion) to get President Prabowo Subianto’s government to lift a ban on the sale of iPhone 16s. The win may be short-lived.

Apple’s US$1b investment may be fleeting win for Indonesia

(Dec 22):&nbsp;Singapore Post Ltd (SingPost)&nbsp;fired its chief executive officer and several other senior leaders following allegations related to its international e-commerce logistics parcels business.&nbsp;

(Dec 22):&nbsp;Emerging markets (EM)-focused investors have had little to celebrate over the past year. Or for that matter, over the past decade. Now the prospect of Donald Trump’s tariffs and trade wars has some considering abandoning them altogether.

SEREMBAN (Dec 22): Barisan Nasional (BN) chairman and Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has assured that Umno and Barisan Nasional (BN), as component parties, will be fully committed to the Unity Government until the next election.

BENGALURU (Dec 22): Qatar will stop shipping gas to the EU if member states strictly enforce a new law cracking down on forced labour and environmental damage, Energy Minister Saad al-Kaabi told the Financial Times&nbsp;(FT) in an interview published on Sunday.

BENGALURU (Dec 22): Japan's competition watchdog is expected to find Google guilty of violating the country's antitrust law, Nikkei Asia reported on Sunday, citing sources.

Asian stocks are set for a cautiously positive start in holiday-thinned trading after the Federal Reserve’s preferred inflation gauge came in below expectations on Friday and a US government shutdown was averted over the weekend.

Australia’s new targets for carbon emission cuts by 2035 are expected to be delayed by several months as a result of Donald Trump’s return to the White House, likely pushing them out beyond the next election which is due to be held by May.

Rosalynn Poh

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Rosalynn Poh

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