Armani Group is set to unveil its second upscale residential development, Armani Signature Residence, at Sultan Abdul Aziz Shah Golf and Country Club (KGSAAS) in Seksyen 13 of Shah Alam, Selangor, this month.

Situated within the expansive 300-acre KGSAAS, this condominium developme...

Armani Group to launch Armani Signature Residence this month

Trends come and go, but green and sustainable buildings have remained important and evolved to become more pertinent over the years.

With education being a key pillar of the youth wing of the Real Estate and Housing Developers’ Association (Rehda Youth), the association organised a Gree...

Raising awareness of sustainable green building practices

Stepping into the newly relocated office of Ancubic Group of Companies in Pantai Dalam, Kuala Lumpur, one cannot help but notice the exciting atmosphere. Amid the dust that lingers in the air (it was the company’s second day in the new premises), the office exudes a sense of brightness and freshn...

Cover Story: Diversifying to thrive

Since its inaugural edition in 2003, the The Edge Malaysia Property Excellence Awards (TEPEA) has evolved in tandem with the changing trends in the property industry. As sustainable practices have become one of the key benchmarks of the awards, GSPARX Sdn Bhd finds its values align well ...

Aligning with sustainability objectives

In the Nov 27 issue of City & Country, we report on Lendlease Malaysia’s newly appointed managing director Yong Su-Lin and chairman Dinesh Nambiar, and their partnership to move the company forward.

Combining talent and experience

When the popular Jalan Batai wantan mee stall run by the Chan sisters moved to Taman Sri Hartamas at end-2013, there was no question about this writer’s visiting their new location, Restoran Jie Mee in Jalan Sri Hartamas 8. Apart from their springy wantan mee, Jie Mee’s luscious curry laksa is al...

Streetscapes: Taman Sri Hartamas shops see steady rise in property values

As electric vehicle (EV) sales in Asia-Pacific have seen exponential growth in the past two years, accounting for nearly two-thirds of global auto sales, international real estate consultancy firm CBRE says commercial real estate owners should enhance their assets with EV charging installations i...

CBRE: Asset owners should prepare for soaring EV charging facility demand

TA Global Bhd will soft-launch its latest high-rise serviced apartment development named Amaya Residences in Bandar Sri Damansara, Selangor, this month. The development will be located on top of the upcoming DA Central Mall.

Both the serviced apartments and the mall will be part of the ...

Cover Story: TA Global to soft-launch latest developments at Damansara Avenue this month

EH Property Management Sdn Bhd, the property arm of Eng Han Group, has started selling its latest condominium development called Tangen Residences in North Kiara, Kuala Lumpur. The low-density boutique project has a gross development value (GDV) of RM350 million.

Sitting on a 2.8-acre f...

EH Property’s Tangen Residences opens for sale

The industrialised building system (IBS) has become a buzzword lately, thanks to the clarion call to find an alternative to foreign labour, the shortage of which was exacerbated by the pandemic.

Before the virus struck, construction and property development solutions provider MGB Bhd, a...

Cover Story: MGB establishes its IBS goals

Ancubic Group is unveiling its first industrial park development in Penang, called A-Park Batu Kawan. It is located a few kilometres east of the Batu Kawan Industrial Park, neighbouring the government-initiated workers’ quarters and the North-South Expressway’s Sungai Bakap R&R station with restaurants and food stalls.

Diversifying to thrive

Located in the older part of Kuala Lumpur city centre, Jalan Kamunting is quite a crowd-puller for its restaurant and cafe offerings. Outside of Restoran Yut Kee’s premises, stools are provided for customers waiting for seats. The queue starts early in the morning on weekends. Meanwhile, over at ...

Streetscapes: A mix of old and new in Jalan Kamunting

Johor Bahru’s property market has been growing at a measured pace as prices and rental rates have either remained stable or increased marginally, thanks to the announcements of two proposed special economic zones, says KGV 

International Property Consultants (Johor) Sdn Bhd executi...

The Edge | KGV International Property Consultants Johor Bahru Housing Property Monitor 2Q2023: Property market growing at a measured pace

Chin Hin Group Property Bhd is looking to launch its latest project, the RM517 million Avantro Residences @ Bandar Kinrara, by mid-month. According to group managing director Chiau Haw Choon, the 3.43-acre freehold mixed-use development will have 842 serviced apartments in two blocks, sitting on ...

Avantro Residences @ Bandar Kinrara to launch this month

The Malaysian Communications and Multimedia Commission (MCMC) will provide a framework within a month to enable all social media platform providers to register with the agency and facilitate the regulating such platforms in the country.

Fahmi: MCMC working on framework to facilitate registration, regulation of social media platforms

Here is a brief recap of some corporate announcements that made the news on Friday involving Citaglobal Bhd, CelcomDigi Bhd, Maxis Bhd, Telekom Malaysia Bhd, YTL Power International Bhd, Axiata Group Bhd, Pansar Bhd, Apex Healthcare Bhd, Crest Builder Holdings Bhd and Sarawak Consolidated Industries Bhd.

Citaglobal, CelcomDigi, Maxis, TM, YTL Power, Axiata, Pansar, Apex Healthcare, Crest Builder, SCIB

The S&P 500 and Nasdaq fell on Friday as investors were on edge ahead of Federal Reserve chair Jerome Powell's comments that some fear may have a hawkish tilt towards monetary policy.

S&P, Nasdaq slip as caution prevails ahead of Powell comments

US-listed shares of Alibaba Group Holding declined on Friday following a Morgan Stanley downgrade on concerns over slower turnaround in its key businesses, hours after PDD raced past its rival to become the most valuable Chinese e-commerce firm.

Alibaba dips on Morgan Stanley downgrade as PDD grabs spot of most valuable Chinese e-commerce firm

Pavilion Real Estate Investment Trust (Pavilion REIT) has terminated two memoranda of understanding (MOUs) it inked for the purchase of renewable energy (RE) from a solar power plant in Pasir Mas, Kelantan, under the Corporate Green Power Programme (CGPP) to power its malls.

Pavilion REIT cancels MOUs to power Pavilion KL, Intermark and Pavilion Bukit Jalil with renewable energy

Shares of crypto miners and bitcoin-tracking companies climbed in premarket trading on Friday as the world's largest cryptocurrency extended a recent rally to touch a near 19-month high on improving risk appetite.

Bitcoin, up 2% at US$38,410, has been gaining since October on optimism that a potential approval of a spot exchange-traded fund is likely to unleash more capital investments in the digital asset sector.

Crypto stocks set to start December on a high note as bitcoin hits near 19-month high

In today’s edition of Evening 5 — Five telcos have finally inked deals with DNB, and will collectively own a 70% stake in the state-owned entity, while Putrajaya will retain 30% plus a golden share. Meanwhile, PM Datuk Seri Anwar Ibrahim says Digital ID concerns such as personal data leaks and chip implants are unfounded.

EVENING 5: Telcos finally ink DNB deal

A weekly round-up of tanker and dry bulk market (Dec 1, 2023)

Baltic Exchange shipping updates: Dec 1, 2023

Mining firm OM Holdings Ltd, which is dual-listed on Bursa Malaysia and the Australian Stock Exchange, has issued 27.63 million shares, representing a 3.75% stake, in the company to JFE Shoji Corp for A$13.04 million (about RM40.34 million) or A$0.472 sen per share.

Japan-based JFE Shoji takes up 3.75% stake in OM Holdings

Here’s a quick look at some of the stories that made headlines today.

EVENING 5: Five things you need to know today

Most read this week - Stay up to date with the biggest news and latest trending topics by checking out the top 10 articles of the week.

Most read this week

A client of Malaysia’s biggest bank recently discovered that her bank balance had mysteriously increased to more than US$86 million (RM404 million).

Woman discovers over RM404m mistakenly deposited in Maybank account

Digital Nasional Bhd (DNB) is to be 70%-owned by five local mobile network operators (MNOs), while the remaining 30% will be retained by Putrajaya, accompanied by a golden share, according to Communications and Digital Minister Fahmi Fadzil.

Five telcos to collectively own 70% stake in DNB; Putrajaya to retain 30% plus golden share

Bursa Malaysia Securities Bhd has reprimanded Sarawak Consolidated Industries Bhd (SCIB) and two of its former directors, Datuk Mohd Abdul Karim Abdullah and Rosland Othman, for failing to submit the group’s 2021 annual report within the approved timeline.

Bursa reprimands SCIB, fines Abdul Karim and one other RM27,000 each for late submission of annual report

(Dec 1): President Vladimir Putin has ordered the transfer of all the rights to managing St&nbsp;Petersburg’s Pulkovo airport from foreign shareholders that include Germany’s Fraport AG and the Qatari wealth fund by shifting their stakes into a new Russian entity.

Under a decree publish...

Putin seizes rights to St Petersburg Airport from foreign investors

Citaglobal Bhd, in which the Yang di-Pertuan Agong Sultan Abdullah Sultan Ahmad Shah is a substantial shareholder, has together with its consortium partner TIZA Global Sdn Bhd, executed a 40:60 joint development agreement with clean energy player Abu Dhabi Future Energy Company PJSC (Masdar) for a two-gigawatt (2GW) solar farm project in Pahang for US$2 billion (RM9.75 billion).

Under the deal, Citaglobal and TIZA will hold a 40% equity interest in the project, with the remaining 60% held by Masdar. The parties will put in funding for the project's development's cost — which will be determined later — in proportion to their stake in the project.

Citaglobal executes deal with Abu Dhabi energy firm to develop US$2 bil solar farm in Pahang

The ringgit is expected to recover along with other emerging-market currencies once central banks in developed economies are done raising interest rates, according to Bank Negara Malaysia governor Datuk Abdul Rasheed Ghaffour.

BNM chief sees ringgit reprieve as rates peak

After seven turbulent years in Nepal, Axiata Group Bhd is selling its stake in Ncell Axiata Bhd by disposing of its shares in Reynolds Holdings Ltd, which holds an 80% stake in Ncell Axiata, and exiting the country.

Axiata sells Ncell stake and exits Nepal, cites unfair taxation and unfavourable foreign investor protection

Pavilion Real Estate Investment Trust (Pavilion REIT) has terminated two memoranda of understanding (MOUs) it inked for the purchase of renewable energy (RE) from a solar power plant in Pasir Mas, Kelantan, under the Corporate Green Power Programme (CGPP) to power its malls.

Property developer Avaland Bhd (formerly known as MCT Bhd) has redesignated its non-independent non-executive director Apollo Bello Tanco as the group’s executive director (ED) and chief executive officer effective Jan 1, 2024.

Property developer Avaland redesignates Apollo as group ED and CEO, effective Jan 1

Bitcoin soared to its highest price so far this year, as investors took on more risk ahead of comments from Federal Reserve chair Jerome Powell which could give guidance on whether the US is closer to lowering interest rates.

Bitcoin rally pushes largest token to 18-month high

PUTRAJAYA (Dec 1): Minister of Communication and Digital&nbsp;Fahmi Fadzil assured the public on Friday that personal data protection and cyber security&nbsp;will always be under control&nbsp;in the&nbsp;implementation of the National Digital Identity, or Digital ID programme.

Digital ID: Public assured of data protection and cyber security — Fahmi

Bursa Malaysia ended the week marginally higher due to late buying, particularly in telecommunications and banking stocks, a dealer said.

Bursa ends marginally higher

Global stocks edged up on Friday, having closed out their best month in three years the day before, as investor confidence that interest rates will fall next year has lured cash into equities, cryptocurrencies and gold at the expense of the dollar.

Shares rally as investor confidence in Fed cuts grows

Prime Minister Datuk Seri Anwar Ibrahim on Friday hinted at a Cabinet reshuffle this month.

Anwar hints at Cabinet reshuffle this month

Here’s a quick look at some of the stories that made headlines today.

Senior lawyer Datuk Hisyam Teh Poh Teik will be the lead counsel for former Tronoh assemblyman Paul Yong Choo Kiong’s appeal against his conviction, 13 years’ jail and two strokes of the cane for raping his maid in 2019.

Hisyam Teh to lead defence in ex-Tronoh assemblyman Paul Yong's rape appeal

KUALA LUMPUR (Dec 1): Pengurusan Aset Air Bhd (PAAB) has appointed Zulkiflee Omar as its new chief executive officer (CEO),&nbsp;effective Friday.

Pengurusan Aset Air appoints Zulkiflee Omar as new CEO

Israel's warplanes pounded Gaza on Friday after talks to extend a week-old truce with Hamas broke down, sending wounded and dead Palestinians into hospitals and others onto the streets to seek safety.

Eastern areas of Khan Younis in southern Gaza came under intensive bombardment as the deadline lapsed shortly after dawn, with columns of smoke rising into the sky, Reuters journalists in the city said. Residents took to the road with belongings heaped up in carts, fleeing for shelter further west.

Scores reported killed in Gaza after Israel-Hamas truce collapses

Country Heights Holdings Bhd has appointed its deputy managing director Dr Ricky Yip Chun Mun as the new acting MD effective Friday (Dec 1).

The appointment follows the recent stepping down of Datuk Mircle Yap Ching Chai, who will now serve as a non-independent non-executive director of the group, the property developer said in a statement.

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