The atmosphere at KIPMall Masai in Pasir Gudang, Johor, is rather lively on a Friday afternoon, with the friendly faces and chatter of vendors and visitors brightening up the space. The three main areas of the mall — divided into retail, food and fresh produce — exhibit a high level of cleanliness and organisation.

Empowering local communities

Grade A offices are generally viewed as buildings with the highest quality in the market, with top-notch infrastructure, built with materials of the finest quality, well managed and strategically located. One building that ticks all the boxes is Menara Prudential.

Maintaining Grade A standards

Star Residences is an unmissable structure, thanks to its gleaming and eye-catching podium façade. Few people realise that the gleaming effect is not created by LEDs but rather an art piece made from 88,000 pieces of 304 stainless steel plates, which shine brightly as the wind blows and sunlight reflects off them.

Star Residences shines with well-planned property management

As one of the three Grade A office towers of the stylish Platinum Park mixed-use development along Persiaran KLCC in downtown KL, the 38-storey MOF Inc Tower has gone through three name changes.

The importance of good rapport

Like many other shopping malls, IPC Shopping Centre (IPC) in Mutiara Damansara faced a tough time over the past 2½ years because of the various lockdowns during the pandemic. Despite the uncertainty, the team behind IPC managed to weather the storm.

Sustainability from the inside out

Kamarul notes that the security team and technicians are required to conduct patrols every hour during rainy days to monitor the office building, especially the basement, so that problems can be identified at an early stage.

Not just imposing, but functional

The management corporation (MC) of Solaris Mont’Kiara sees its property manager Henry Butcher Malaysia (Mont Kiara) Sdn Bhd (HBMK) as its partner rather than a typical service provider.

A property manager that’s more like a partner

While it is important to focus on maintenance, tenant satisfaction is equally crucial in the making of a successful office tower, says Tower REIT CEO Noorbaizura Hermeyney. Tower REIT owns Guoco Tower in Bukit Damansara, Kuala Lumpur.

Focusing on both hardware and software

It’s coming to about 11am and you still see people walking around the Central Park. It’s amazing,” says ParkCity Group director (township management) Sukhdev Singh, as he points to another park-goer from where we are seated in the sales gallery at The Waterfront.

All about heart and soul

It isn’t every day that a car enthusiast finds several car brands operating in one area. At Sime Darby Motors City in Ara Da...

A new motoring experience

Entering the lobby of 3 Kia Peng Apartment is a memorable experience. With its high ceilings, floral centrepiece, opulent furniture and large artworks, all awash with light, it is like walking into an art gallery or a classy hotel rather than a residential building.

Strong commitment to excellence

Judges’ Comments: Raising the bar in Malaysian real estate

The Edge Malaysia Best Managed & Sustainable Property Awards (BMSPA), which was initially hosted by EdgeProp Malaysia, is in its sixth instalment this year. The awards aim to raise the bar on property management practices and sustainable real estate in the country, benchmarking them against t...

Celebrating the best managed & sustainable properties in Malaysia

Developing properties in a sustainable manner and building real estate that stays sustainable through the years are not quite the same. 

One is anchored on the urgent global sustainability agenda while the other future-proofs the value of built real estate.

Sustainable pr...

Note from Chief Judge: Future-proofing sustainable property

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

Petroliam Nasional Bhd (Petronas) and its petroleum arrangement contractors have recorded 19 exploration discoveries and two exploration-appraisal successes, contributing over one billion barrels of oil equivalent (bboe) of new resources for Malaysia in 2023.

Petronas finds over 1 bil barrels of oil equivalent exploration discoveries in 2023

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

KUALA LUMPUR (Nov 30): Analysts are expecting wider losses for Capital A Bhd for the financial year ending Dec&nbsp;31, 2023 (FY2023), after its recent nine-month results missed consensus, in line with lower-than-expected rebound in air travel.

Analysts expect wider losses for FY2023 after Capital A’s 9M earnings missed expectations

Apex Healthcare Bhd has proposed to acquire industrial land in Melaka for RM66.5 million, its Bursa Malaysia filing showed on Friday.

The group said its wholly owned subsidiary Xepa-Soul Pattinson (Malaysia) Sdn Bhd had entered into a sale and purchase agreement with Panasonic Appliances Refrigeration Devices Malaysia Sdn Bhd (PAPRDMY) for the proposed acquisition.

Apex Healthcare to acquire industrial land in Melaka for RM66.5 mil

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

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

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.

The money-laundering and bribery charges against&nbsp;former Bersatu information chief Datuk Wan Saiful Wan Jan&nbsp;will all be heard in one court, after the Sessions Court allowed the application by the prosecution.&nbsp;

Wan Saiful’s 18 money-laundering charges to be tried together with corruption charges in one court

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

Bursa ends marginally higher

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

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

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.

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