<div class=newsTextDataWrapInner><p>KUALA LUMPUR (April 23): A decade after the 2,620-acre Kwasa Damansara development was announced, it is finally coming to fruition with the completion of Menara KWSP last year and several launches slated for this year. Datuk Adenan Md Yusof, managing director of landowner Kwasa Land Sdn Bhd, said that the estimated gross development value of Kwasa Damansara is RM50 billion to RM60 billion.&nbsp;</p></div>

<div class=newsTextDataWrapInner><p>The township will see more activity by the middle of this year when developers start launching their projects, he said. Its partner developers at Kwasa Damansara include MRCB Land Sdn Bhd, Gagasan Nadi Cergas Bhd, Gadang Holdings Bhd, TSR Capital Bhd, YTL Corp Bhd, Impiana Land &amp; Development Sdn Bhd and Exsim Group.</p></div>

<div class=newsTextDataWrapInner><p>In the same issue, we covered Solaris Ceria Sdn Bhd's latest offering, Arte Solaris, an office suite and serviced apartment development on a 1.01-acre parcel next to Solaris Mont’Kiara.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>We also featured the Tokyo residential market, which is expected to remain vibrant in FY2023.</p></div>

<div class=newsTextDataWrapInner><p>Find out more in the April 24 issue of <em>City &amp; Country</em>.</p></div>

<div class=newsTextDataWrapInner><p>Save by&nbsp;<a href="http://bit.ly/TEMWeeklySubscribe" target="_blank">subscribing</a>&nbsp;to us for your print and/or digital copy.</p></div>

<div class=newsTextDataWrapInner><p><strong>P/S: The Edge is also available on&nbsp;<a href="https://itunes.apple.com/us/app/the-edge-markets/id990567068?ls=1&amp;mt=8" target="_blank">Apple's AppStore</a>&nbsp;and&nbsp;<a href="https://play.google.com/store/apps/details?id=com.bizedge.theedgemarkets.malaysia" target="_blank">Androids' Google Play</a>.</strong></p></div>


A decade after the 2,620-acre Kwasa Damansara development was announced, it is finally coming to fruition with the completion of Menara KWSP last year and several launches slated for this year. Datuk Adenan Md Yusof, managing director of landowner Kwasa Land Sdn Bhd, said that the estimated gross development value of Kwasa Damansara is RM50 billion to RM60 billion.

A massive township in the making

Chemlite Innovation Bhd (KL:CLITE) fell in its first trade on the ACE Market on Wednesday, adding to a streak of listing day declines.

The Penang-based company, which provides surface finishing treatment services, opened at 23 sen compared with its initial public offering (IPO) price of 25 sen per share. The stock continued to slide, and was down 10% to 22.5 sen as of 9.05am, after more than 20.5 million shares changed hands.

Chemlite dips on ACE Market debut, extends listing flops

(March 26): A group of public finance bankers, who have so far largely focused their attention on Congress, are now reaching out to the Trump administration to make their case for keeping state and local government debt tax free.

The Bond Dealers of America plans to meet next month...

Muni bankers look to woo Treasury, Trump team to keep tax break

(March 26): Bridgewater Associates founder Ray Dalio warned House Republicans of the dangers of rising US deficits and urged them to cut the budget deficit to just 3% of gross domestic product or risk debt service costs squeezing government spending.

Dalio’s message of austerity co...

Dalio warns GOP of ‘dire’ debt as lawmakers weigh tax cuts

(March 26): The fiscal strength of the United States is stuck in a multi-year slide and “has deteriorated further” after the country’s sovereign rating received a negative outlook in late 2023, Moody’s Ratings said.

“Higher interest rates have markedly weakened debt affordability, ...

US fiscal strength seen weakening further, Moody’s says

MORNING CALL: 26/3/25

SAO PAULO (March 26): U.S. grains merchant Archer-Daniels-Midland is making a fresh wave of job cuts this week at its largest unit, the grain trading and oilseed processing division, according to three sources briefed on the matter.

Chicago-based ADM said in February it would cut up to ...

ADM cuts jobs in grain trading division, sources say

Police are believed to have called up several corporate figures in Kuala Lumpur and Penang in their investigations related to the money trail of the now-defunct pyramid scheme MBI.

Bukit Aman calls up corporate figures to assist in investigations on MBI's money trail — sources

Stocks in Asia are poised to advance after a late rally in big tech helped the US benchmark eke out a third day of gains, though trade war risks weighed on sentiment.

Equity futures indicated jumps of at least 0.5% in Tokyo, Sydney and Hong Kong.

Asian stocks to gain after US rises for third day

Oil dipped, halting the longest rally in almost three months, after Ukrainian President Volodymyr Zelenskiy agreed to implement a partial truce, raising expectations that Russian crude will soon flow freely. 

West Texas Intermediate futures dropped as much as 0.9% before clawing back most of those losses to settle down 0.2% at $69 a barrel.

Oil dips as traders assess impact of ceasefire on Russian flows

A late-day rally in most big techs drove stocks higher on Tuesday, though gains moderated after one of the market’s best days in 2025 as traders assessed economic risks amid the threat of trade war.

After fluctuating throughout most of the session, the S&P 500 rose by 0.2%.

Stocks eke out gain as tech drives late-day bounce

<p>If you’re a Malaysian Muslim saver, March is that time of year when one number matters more than most: Tabung Haji’s (TH) dividend. And this year, the number is 3.25% — the highest in seven years.</p>


The bigger picture behind Tabung Haji’s dividend announcement

<p>Oil and services firm KNM Group Bhd (KL:KNM), whose share price has been trading at its lowest over the last two weeks, said its indirect wholly-owned subsidiary is being sued by MBSB Bank Bhd for allegedly defaulting on a RM116.13 million Islamic financing facility.</p>


MBSB Bank demands to auction KNM’s land in Kuantan over RM116m debt 

<p>The Nvidia AI chip fraud case, which is allegedly linked to Malaysia, is still under investigation, and the Ministry of Investment, Trade and Industry (Miti) is fully cooperating with the investigation team, said its minister Tengku Datuk Seri Zafrul Abdul Aziz.</p>


Nvidia AI chip fraud case under probe, Miti continues to cooperate with investigation team, says Zafrul

<p>Police are believed to have called up several corporate figures in Kuala Lumpur and Penang in their investigations related to the money trail of the now-defunct pyramid scheme MBI.</p>


<p>Here is a brief recap of some business news and corporate announcements that made the headlines on Tuesday:</p>


Velesto, Astro, Binastra, MCE Holdings, Axiata, Cape EMS, Malton, Press Metal, Capital A, KNM, Ge-Shen, Tex Cycle, K Seng Seng

<p>Press Metal Aluminium Holdings Bhd’s (KL:PMETAL) 21.75%-owned Hong Kong unit, Nanshan Aluminium International Holdings Ltd (NAIHL), had a soft debut on the Hong Kong Stock Exchange (HKEX) on Tuesday, registering a 5.08% drop in share price.</p>


Press Metal’s HK unit debuts on Main Board of Hong Kong Stock Exchange

<p>Prudential Assurance Malaysia Bhd issued a statement on Tuesday to reaffirm its commitment to Bank Negara Malaysia’s (BNM) interim measures that were announced last December to stagger the increase in medical insurance premiums, after several lawmakers demanded an explanation from the insurer about the planned premium hike for its medical health plans next month.</p>


Prudential reaffirms commitment to BNM's interim measures after lawmakers demand explanation about planned premium hike

<p>Prime Minister Datuk Seri Anwar Ibrahim has given the green light and opportunity to Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz to take over as the new President of the Badminton Association of Malaysia (BAM) for the 2025-2029 term.</p>


Anwar gives Zafrul green light to helm Badminton Association of Malaysia

<p>(March 26):&nbsp;Bridgewater Associates founder Ray Dalio warned House Republicans of the dangers of rising US deficits and urged them to cut the budget deficit to just 3% of gross domestic product or risk debt service costs squeezing government spending.</p>

<p>Dalio’s message of austerity co...

<p>Wall Street's primary indexes wavered on Tuesday, as signs of a further deterioration in consumer mood tempered investor optimism that the Trump administration could take a lenient approach on trade policies next week.</p>


Wall Street wavers after weak consumer confidence data; focus on tariffs

<p>(March 26):&nbsp;The fiscal strength of the United States is stuck in a multi-year slide and “has deteriorated further” after the country’s sovereign rating received a negative outlook in late 2023, Moody’s Ratings said.</p>

<p>“Higher interest rates have markedly weakened debt affordability, ...

<p>The US is exerting "unacceptable pressure" on Greenland, Denmark's Prime Minister Mette Frederiksen said on Tuesday, ahead of an unsolicited visit by a high-profile US delegation to the semi-autonomous Danish territory this week.</p>


US visit to Greenland is unacceptable, Danish prime minister says

<p>The Dewan Negara concluded its session on Tuesday after 12 days of sittings from March 3, during which 10 bills were passed.</p>


Dewan Negara concludes 12 days of sittings with 10 bills passed

<p>Ratings agency Moody's said on Tuesday that the US' fiscal strength is on track for a continued multi-year decline as budget deficits widen and debt becomes less affordable.</p>


Moody's says US fiscal strength on course for continued decline 

<p>Europe’s dependency on the US and China for computer hardware and cloud services puts its car industry at risk as vehicles become reliant on artificial intelligence (AI), a Mercedes-Benz Group AG executive said.</p>


Europe’s carmakers too reliant on US, China tech, Mercedes says

<p>EToro Group Ltd filed for an initial public offering, disclosing revenue and net income that soared last year.</p>


EToro files for IPO showing commissions jumped 46% last year 

<p>Stocks in Asia are poised to advance after a late rally in big tech helped the US benchmark eke out a third day of gains, though trade war risks weighed on sentiment.</p>

<p>Equity futures indicated jumps of at least 0.5% in Tokyo, Sydney and Hong Kong.</p>


<p>US consumer confidence fell in March to the lowest in four years on concerns about higher prices and the economic outlook amid the Trump administration’s escalating tariffs.</p>


US consumer confidence tumbles again to lowest since early 2021

<p>Oil dipped, halting the longest rally in almost three months, after Ukrainian President Volodymyr Zelenskiy agreed to implement a partial truce, raising expectations that Russian crude will soon flow freely.&nbsp;</p>

<p>West Texas Intermediate futures dropped as much as 0.9% before clawing back most of those losses to settle down 0.2% at $69 a barrel.</p>


<p>Executives from the world's top commodity trading houses expect a well-supplied oil market this year, with concerns remaining over global demand growth.</p>
