In the late 1980s and 1990s, Subang Parade was the shopping centre to hang out at. Many who grew up during that period would have fond memories of outings to the mall.

Opened in 1988, it is located in Subang Jaya’s SS16 commercial centre and is a 25-minute drive from Kuala Lumpur via th...

Cover Story: Shaping new experiences and spaces in Subang Parade

Growing up in the small fishing village of Pontian Kechil in Johor, Rien Tan led a simple life with no high-rises, shopping malls or cinemas. He did, however, see them on programmes screened by the TV channels of neighbouring Singapore and dreamt of one day designing such tall buildings. From the...

Designworks: Turning a dream into reality

It isn’t every day that a house comes with a lift core space so that the owner may install a lift to the third storey. With Winfar Group’s Seraiya by the Hill (Seraiya) development, buyers will have that option.

“We are building a multigeneration home,” says executive director Chong Yoo...

Multigenerational living in Bukit Serdang

A chance meeting in 2023 between home-grown hospitality business Equatorial Group’s CEO Donald Lim and Thailand’s ONYX Hospitality Group CEO Yuthachai Charanachitta has led to an upcoming resort development on Thailand’s Phuket Island, and the Equatorial Group’s first international EQ offering.

EQ Phuket to open in 2028

KUALA LUMPUR (Dec 12): Sunway City Iskandar Puteri (SCIP), an ongoing 2,000-acre development in Johor by the property development division of Sunway Bhd (KL:SUNWAY) — Sunway Property, has joined forces with SWM Environment Sdn Bhd to offer the first cloud-based data system to streamline the township’s recycling and sustainability efforts.

Sunway City Iskandar Puteri partners SWM Environment for first cloud-based sustainable waste management system in Johor

S P Setia Bhd (KL:SPSETIA) has been a fixture at The Edge Malaysia Top Property Developers Award since the latter’s inception in 2003, and this year is no different. It has been a challenge to stay at the top of the game over the years as it manages its portfolio of projects, investment properties and more, both locally and globally.

Financial prudence for greater expansion

IJM Land Bhd, the property division of IJM Corp Bhd (KL:IJM), has been quite active lately, channelling its efforts into planning a range of new projects. The developer has shifted its focus to the future, and is ready to roll out several new products.

Laying the groundwork to reach new heights

IGB Bhd (KL:IGBB) has been a steady performer for stakeholders over the years. Its main businesses of retail and hospitality have shown a strong recovery since the pandemic, which bodes well for the group.

Setting an even pace for success

Located in Seberang Perai, on Penang’s mainland, Residensi Pauh Permai stands tall with unobstructed views of paddy fields and mountains in the distance, providing a calm environment that many would envy.

Living in picturesque surroundings

Spanning 652 acres with a spacious recreational park and man-made canal to boot, Bandar Botani Parkland in Jasin, Melaka, is crafting a new way of living in the state. Developed by Parkland Group, this freehold township has products that cater to all income groups. More interestingly, homes there come with individual titles.

Developing a lifestyle precinct

Leaders from a US dockworkers’ union and the group that represents their employers are set to resume contract talks on Jan 7 as the threat of a strike looms, according to a person familiar with the negotiations.

US dockworkers, port employers set to restart talks on Tuesday — Bloomberg

Constellation Energy Corp has signed a pair of deals with the US government to provide more than US$1 billion (RM4.47 billion) of electricity and services, enough to fund upgrade projects that will boost capacity at the country’s biggest nuclear fleet. The shares surged.

Constellation Energy signs US$1 bil power deal with US govt

Airbus SE fell just short of meeting its annual delivery target for 2024 by handing over about 760 aircraft to customers following a last-month spurt that helped the company overcome a slow start to the year.

Airbus delivered about 760 jets last year, 10 short of annual goal

The suspect who died in a Cybertruck explosion outside the Trump Las Vegas hotel on Wednesday was identified as Matthew Alan Livelsberger, according to people familiar with the matter. 

The Federal Bureau of Investigation is treating the case as a possible terrorist attack, said the people, who asked not to be identified because the probe is private.

Suspect in deadly Las Vegas Cybertruck blast identified — Bloomberg

Any development in Kampung Baru will take into account its history and land status to ensure that the area remains preserved as a Malay village, according to Minister in the Prime Minister's Department (Federal Territories) Dr Zaliha Mustafa.

Kampung Baru development will preserve Malay identity — Zaliha

Wisma Putra has confirmed the detention of a Malaysian in Saudi Arabia, saying it has extended consular assistance to the individual.

In a statement to Bernama on Thursday, the Foreign Ministry said efforts are ongoing to ensure local laws protect that person's rights.

Wisma Putra confirms Malaysian detained in Saudi Arabia

Do Kwon, the South Korean cryptocurrency entrepreneur behind two digital currencies that lost an estimated US$40 billion (RM178.76 billion) in 2022, was set to appear in US court on Thursday to face criminal fraud charges after being extradited from Montenegro this week.

Former crypto executive Do Kwon due in US court on criminal fraud charges

The cutting of Russian gas supplies to Moldova's breakaway Transdniestria region has forced the closure of all industrial companies except food producers, an official said on Thursday.

The mainly Russian-speaking territory of about 450,000 people, which split from Moldova in the 1990s as the Soviet Union collapsed, has suffered a painful and immediate hit from Wednesday's cut-off of Russian gas supplies to central and eastern Europe via Ukraine.

Starved of Russian gas, industry shuts down in breakaway Transdniestria

Value Partners Group Ltd's co-founder Cheah Cheng Hye will step down from his roles as co-chairman and co-chief investment officer (CIO) on Jan 2, 2025, the Hong Kong Stock Exchange (HKEX)-listed firm announced on Thursday.

Value Partners Penang-born co-founder Cheah Cheng Hye steps down as co-chairman and co-CIO, named honorary chairman  

If the latest round of airline delays over the holiday season has you feeling anxious about your next flight, the 2024 annual on-time performance list from Cirium, published on Jan 2, may help.

The aviation analytics firm analyses more than 25 million data points from 600-plus sources each day to determine whether airlines are meeting their scheduled arrival times.

Aeromexico tops 10 most on-time airlines in the world last year

Two senior executives at Malaysia Aviation Group Bhd (MAG), the parent company of national carrier Malaysia Airlines Bhd, have resigned in a surprise move, sources told The Edge.

Malaysia Aviation Group to see departure of two senior executives

The Road Transport Department (JPJ) is offering a special flat-rate compound fee of RM150 for three types of offences over a six-month period starting Friday, said Transport Minister Anthony Loke.

He said the special compound payment covers certain types of JPJ summons notices, namely Summons 53A (AwAS Summons) for speeding violations or running red lights captured by the AwAS camera system, Notice 114 (Interview Notice) and Notice 115 (Sticker Summons Notice by JPJ).

JPJ offers RM150 flat-rate compound for three offences starting Friday

Rolex SA, the biggest luxury Swiss watch brand, raised prices on some of its most popular models after gold values surged in 2024. 
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The Geneva-based company, controlled by a Swiss foundation named for its co-founder Hans Wilsdorf, began the year by hiking prices as much as 8% on some models made from precious metals.

Rolex kicks off 2025 by increasing watch prices after gold soars

Infrastructure works for the Penang Light Rail Transit (LRT) Mutiara Line project and the expansion of the Penang International Airport (PIA) may be carried out simultaneously to minimise inconvenience to the public, according to Chief Minister Chow Kon Yeow.

CM: Penang LRT works, airport expansion to proceed simultaneously

Velocity Capital Partner Bhd (KL:VELOCITY) sees the emergence of a new majority shareholder yet again.

Velocity Capital sees emergence of single largest shareholder

Pentamaster Corp Bhd (KL:PENTA) has been served with a writ and statement of claim by Ocado Innovation Ltd, a subsidiary of UK-based online grocery technology company Ocado Group, over allegations of patent infringement involving warehouse automation and robotics technologies.

Pentamaster faces legal action from UK-based Ocado over alleged warehouse automation patent infringement

Condom maker Karex Bhd (KL:KAREX) has redesignated its independent director Datuk Dr Adeeba Kamarulzaman as the group’s chairperson, effective immediately.

Karex elevates Adeeba Kamarulzaman to chairperson after Ong Eng Long’s resignation

A brief recap of some business news and corporate announcements that made the headlines on Thursday.

Awantec, Pentamaster, Velocity Capital, Ecobuilt, Karex, Sunway REIT

Eastern Pacific Industrial Corp Bhd (EPIC), a Terengganu government-linked company, on Thursday said it has secured a contract to provide pan Malaysia services to national oil-and-gas company Petronas.

Terengganu-backed EPIC bags contract for pan-Malaysia services

Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Thursday.

FBM KLCI down 0.58% to 1,632.87 on Jan 2, 2025

Awanbiru Technology Bhd (KL:AWANTEC) has secured at least a one-year extension to its cloud framework agreement (CFA 1.0) with the government, under which it manages and delivers Google cloud services to the government.

Awantec secures extension of at least one year to provide Google cloud services to govt

Senai Airport City Sdn Bhd and Lincotec Technology (Malaysia) Sdn Bhd, a wholly-owned subsidiary of Taiwan’s Linco Technology Co Ltd, have entered into a sale and purchase agreement for Lincotec to acquire 4.02 hectares (9.93 acres) of industrial land.

Taiwan's Linco Technology acquires Senai Airport City land

KUALA LUMPUR (Jan 2): MMC Corporation Bhd’s 70%-owned unit, Port of Tanjung Pelepas (PTP), has become the first container terminal in Malaysia to handle over 12.25 million twenty-foot equivalent units (TEUs) in a single year in&nbsp;2024.

PTP is Malaysia’s first container terminal to surpass 12m TEUs throughput in a single year — chairman

AmInvestment Bank Bhd projects that mandatory Employees Provident Fund (EPF) contributions for non-citizen employees could channel up to RM1.7 billion in additional annual inflows into Malaysia’s domestic equity market.

According to its Sector Report, the estimate is based on the presence of 2.5 million foreign workers, a minimum monthly wage of RM1,700, combined employee and employer EPF contributions of 11% and 13%, respectively, and the assumption that 14% of EPF assets would flow into domestic equities, as indicated in the latest 2023 annual report.

AmInvestment forecasts RM1.7 bil boost to Malaysia's equity market from non-citizen employees' EPF contributions

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EVENING 5: Five things you need to know today

The KLCC Light Rail Transit (LRT) Station was temporarily closed after smoke was detected in the station's electronic equipment room on Thursday.

Rapid Rail Sdn Bhd, in a statement, advised passengers to use Persiaran KLCC Station and Ampang Park Station to continue their journeys.

KLCC LRT Station closed temporarily after pump switch panel catches fire

German power prices dropped below zero on the first trading day of the year, an increasingly frequent phenomenon in Europe as renewables expand.

Intraday prices in Germany, the region’s biggest market, turned negative during four hours overnight as wind-energy output reached as much as 40 gigawatts, far outstripping demand.

German power slips below zero as negative-price phenomenon grows

Wall Street's main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts, but Tesla limited gains on the Nasdaq after a dour deliveries report.

Wall Street rises in first trading session of 2025; Tesla slides

Tenaga Nasional Berhad's (TNB) Monopole Transmission Tower Project, a high-impact initiative to enhance Penang's electricity supply, became operational on Dec 22 last year.

Penang’s Infrastructure, Transport, and Digital Committee chairman, Zairil Khir Johari, stated that the RM500 million project, launched at the end of 2022, will be officially inaugurated in the next two months.

TNB Monopole Transmission Towers: New landmarks in Penang set for inauguration soon

Value Partners Group Ltd's co-founder Cheah Cheng Hye will step down from his roles as co-chairman and co-chief investment officer (CIO) on Jan 2, 2025, the Hong Kong Stock Exchange (HKEX)-listed firm announced on Thursday.

Wong King Wai

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