As the third-generation principal of family-owned business, Hong Bee Land Sdn Bhd director Gan Hua Tiong recognises the importance of heritage. The company has come a long way from its humble beginnings in 1933 when it was known as Hong Bee Textiles. Today, the once low-profile property developer...

Cover Story: Hong Bee Land gearing up for more launches

Mitsui Fudosan (Asia) Malaysia Sdn Bhd (MFAM), a subsidiary of Mitsui Fudosan Co Ltd (a Tokyo-based real estate company), will officially open its first serviced suites development in Malaysia, Mitsui Serviced Suites Bukit Bintang City Centre (BBCC), by end-September, says Aritaka Yamagata, MFAM ...

Mitsui Fudosan to open Mitsui Serviced Suites BBCC this month

Recent rumours of buyers being required to sign sales and purchase agreements (SPAs) at the land office are just that, rumours. According to property consultants, there is no such requirement and SPAs can continue to be signed as per the normal practice.

Nevertheless, for property — inc...

No requirement to sign SPA at land office

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

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

While some of our historical buildings are well preserved, others have been lost to modernisation.

For instance, Stadium Merdeka was close to being demolished to make way for an office complex in the 1990s. Due to its significance as an important and iconic landmark that symbolises Mala...

Cover Story: Preserving a piece of history for future generations

Kuala Lumpur’s retail sector growth was soft in 1H2024, reflecting moderate consumer spending, according to Savills Research’s Asian Cities 1H2024 report. Savills Malaysia group managing director Datuk Paul Khong says the reason for this is the uptick in the cost of living.

“In...

Cautious shoppers spend less; malls should focus on experiential strategy

Hong Bee Land Sdn has come a long way from its humble beginnings in 1933, when it was known as Hong Bee Textiles. Today, the once low-profile property developer has established itself as one of the leading players in Selangor and Johor.

Hong Bee Land gearing up for more launches

Club Med will be opening Club Med Borneo in Sabah, in 2025. In line with its sustainability goals, the resort will be the first in Asia-Pacific to be built according to the BREEAM (Building Research Establishment Environmental Assessment Method) certification.

Only 10% of the 41-acre re...

Club Med Borneo to open in 2025

In this modern hectic world, having conveniences and lifestyle features right at our doorstep would do away with the hassle of getting caught in traffic and save us a lot of time. Hence, it is increasingly common these days to find strata commercial properties that are mixed-use developments inte...

Cover Story: A new reality in today’s urban landscape

Malayan Industries Bhd (MUI Group) (KL:MUIIND) is set to reopen its Metrojaya outlet in Mid Valley Megamall in Kuala Lumpur on Aug 29 with a refreshed shopping experience. The outlet was closed in February for renovation works, says MUI Group chairman and CEO Andrew Khoo.

“We are very e...

MUI Group reopens Metrojaya in Mid Valley with a new shopping experience

Quick-fix meals are often associated with fast-food and mamak restaurants but a few other hidden gems at Taman Million in Kuala Lumpur keep their lights on past midnight, serving piping hot freshly cooked supper.

Located in Jalan Merak at Taman Million, these hidden gems can be found am...

Streetscapes: Vibrant Jalan Merak benefits from being connected to Jalan Sultan Azlan Shah

Older office buildings are experiencing low occupancy and rental rates, observed property consultancy firm JLL Malaysia. The firm noted that this phenomenon is due to tenants seeking newer office buildings that fit their company’s environmental, social and governance (ESG) goals.

Addres...

Asset enhancement initiative key to preserving and enhancing value of older buildings

Sime Darby Property Bhd’s (KL:SIMEPROP) City of Elmina development in Shah Alam has come a long way since its inception in 2000 with the 250-acre Bukit Subang township. The freehold mega township, which has a projected gross development value (GDV) of RM30 billion, spans 6,500 acres and comprises...

Cover Story: Sime Darby Property unveils commercial heartbeat of City of Elmina

The number of micro, small and medium enterprises (MSME) increased from 907,065 in 2015 to 1,069,831 in 2022, with a compound annual growth rate (CAGR) of 2.4%, according to the Department of Statistics Malaysia (DOSM).  

In a statement Thursday, DOSM said the services sector led with 936,793 establishments (87.6%), followed by construction with 69,015 (6.5%) and manufacturing with 51,481 (4.8%).

DOSM: Over one million MSMEs in 2022, RM1.3 trillion gross output

Transparency International Malaysia (TI-M) is calling on the Malaysian government to set up an independent expert panel to monitor the delivery of the Mass Rapid Transit 3 (MRT3) project.

Integrity pacts done in Malaysia are merely “a few extra documents” to be signed between the contracting agency and the contractors, the anti-graft watchdog said in a statement. The implementation is missing an independent monitoring mechanism, TI-M noted.

Anti-graft watchdog urges govt to set up independent panel to monitor MRT3 project

WHILE flight disruptions such as delays and cancellations are not uncommon under the weight of a post-Covid-19 resurgence in air travel, a cascade of incidents linked to technical faults on Malaysia Airlines airplanes has put the spotlight on the national carrier. At least six flights were disrup...

Cover Story: Are concerns about Malaysia Airlines’ flight disruption problem overblown?

OVER the past 10 years, national carrier Malaysia Airlines Bhd took its eyes off investing in its business, including its fleet of aircraft, to focus on paring down debt to strengthen its balance sheet and returning to profitability. Just as it returned to profit in 2023, it is now paying the pri...

Cover Story: Delays in reinvestment come back to bite Malaysia Airlines

KUALA LUMPUR (Sept 19): theedgemalaysia.com highlighted one stock with positive momentum and one stock with negative momentum at Bursa Malaysia’s afternoon close on Thursday.

Rhone Ma, Media Prima

Singapore stocks are on track for their highest close since 2007 as the prospect of lower interest rates lifts the city-state’s real estate investment trusts, and adds to the appeal of the high-yielding market.

Singapore stocks head for 17-year high on rate hopes, dividends

KUALA LUMPUR (Sept 19): Energy solutions provider Solar District Cooling Group Bhd (KL:SDCG) is exploring the integration of solar photovoltaic (PV) systems and enhancing its capabilities in information and communication technologies (ICT) software, to deliver the latest technology solutions following the group’s listing on the ACE Market of Bursa Malaysia on Thursday.

Solar District Cooling upbeat on demand outlook for local energy efficiency services

Marginalised and dominated economically by the Global North, developing countries must urgently cooperate to better strive for their shared interests in achieving world peace and sustainable development.

Cold War rivalry

During the first Cold War between the US, Nato and oth...

My Say: The Global South in the New Cold War

Automotive manufacturer parts supplier KHPT Holdings Bhd (KL:KHB) on Thursday launched its initial public offering (IPO) on the ACE Market which would raise RM29.37 million.

KHPT unveils ACE Market IPO prospectus to raise up to RM29 mil

Pharmaniaga Bhd’s (KL:PHARMA) newly launched biopharmaceutical plant is expected to lift its gross profit margin to about 30% to 35% for the financial year ending Dec 31, 2026 (FY2026).

Pharmaniaga’s new insulin, vaccine plant to raise FY2026 gross margin to 30%-35%

US equities will climb through the rest of the year with the Federal Reserve’s (Fed) aggressive interest-rate cut bolstering the chances of a soft landing for the economy, according to a survey of Bloomberg Terminal subscribers.

US stocks will continue to rally after sharp Fed rate cut, investors say

The dollar bounced, long-dated bond yields were up and Asian stocks mostly rose after the US Federal Reserve (Fed) began its easing cycle with a large rate cut, though it tempered that with a balanced outlook as it seeks to keep the economy ticking over.

Stocks and dollar gain as Fed charts 'soft landing' path

Data centre operator Princeton Digital Group (PDG) bought land in India, Malaysia and Indonesia and secured power supply for the sites to boost its capacity by nearly 50%, seeking to capitalise on rising demand for artificial intelligence (AI) services.

Singapore data centre firm buys land across Asia, including Malaysia, to serve AI demand

Shares of Solar District Cooling Group Bhd (KL:SDCG) surged 32% in ACE Market trading debut on Thursday as investors scrambled for a piece of the building management systems company.

Solar District Cooling surges 32% in ACE Market trading debut

Boeing said on Wednesday it will temporarily furlough tens of thousands of employees after about 30,000 machinists went on strike on Friday, halting production of its 737 MAX and other airplanes.

Boeing furloughs thousands as it hunkers down for extended strike

Bina Darulaman Bhd (KL:BDB) said the resignation of its external auditor KPMG four months after its reappointment “is part of a routine governance practice” following the extension of its tenure.

KPMG's resignation part of routine governance practice, says Bina Darulaman

The second trial of Vietnamese real estate tycoon Truong My Lan, already facing the death penalty for massive fraud, began Thursday morning, underscoring the new Communist Party chief’s determination to press ahead with a crackdown on corruption.

Vietnamese tycoon faces second fraud trial after death sentence

Taiwan denounced China on Thursday for suspending tariff exemptions on agricultural imports from the island, saying it was "economic coercion" and not conducive to improving relations.

Taiwan denounces China for ending tariff exemptions on farm goods

Australia’s latest attempts to solve its housing crisis are stuck in political gridlock as the amount of available rental space in the nation hovers near a record low.

Australia struggles to solve housing crisis as politicians scrap

The Hong Kong Monetary Authority (HKMA) cut its base interest rate for the first time since 2020 after the Federal Reserve (Fed) eased policy, in a move that should help loosen borrowing conditions in the financial hub.

Hong Kong cuts rates for first time in four years as Fed eases

The government is actively negotiating for an amicable solution over the ‘Duta enclave’ conundrum, the court heard on Thursday.

Negotiations have been ongoing and “actively progressing”, senior federal counsel Shamsul Bolhassan told a three-member Court of Appeal bench led by judge Datuk Lee Swee Seng, following a court order last month to transfer the land to the liquidators of Semantan Estate (1952) Sdn Bhd.

Govt in active talks for amicable solutions over Duta enclave dispute with Semantan Estate

New Zealand faces another recession after the economy contracted in the second quarter, albeit less than economists and the central bank expected.

New Zealand still in recession as economy contracts again in 2Q

Japan has a female candidate among the frontrunners to become prime minister in a vote this month, raising the possibility that a nation known for lagging on diversity may appoint its first woman leader before the US.

Japan may beat the US to install its first female leader

US lawmakers are signalling to China that the world’s second-largest economy and its companies face a tough slog in America for the foreseeable future, regardless of who controls Washington after the November election.

China’s failing US lobby playbook puts tech companies at risk

HONG KONG (Sept 19): China’s commerce minister said on Wednesday that Beijing will continue to negotiate "until the last minute" on the European Union’s (EU)&nbsp;electric vehicle (EV) probe, with the investigation undermining confidence of Chinese companies investing in Europe.

China says will negotiate 'until the last minute' on EU’s EV probe

His Majesty Sultan Ibrahim, King of Malaysia departed for China this morning for a four-day state visit at the invitation of President Xi Jinping.

King departs for China on four-day state visit

Amazon.com is raising the pay of its fulfilment and transportation staff in the US by at least US$1.50 (RM6.39) an hour and handing out free Prime memberships as benefits, it said on Wednesday.

Amazon raises pay of US hourly workers in fulfilment, transport ops

Elon Musk’s X skirted a ban of the social media network in Brazil though an automatic update of its software, an association of Brazilian internet providers said Wednesday.

Elon Musk’s X bypasses Brazil ban through software update

Vietnam will remove a requirement for full pre-funding on equity transactions of foreign investors from Nov 2, its finance ministry said, the country's latest effort to boost the chances to be reclassified as an emerging market.

Vietnam removes pre-funding rule for foreigner investors in bid for market upgrade

（吉隆坡19日讯）今日在大马交易所创业板上市的Solar District Cooling Group Bhd（KL:SDCG），以50仙迎市，较首次公开募股（IPO）发售价38仙，溢价32%。

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