<div class=newsTextDataWrapInner>KUALA LUMPUR (Aug 30): Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday:</div>

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Below is a summary of how key Bursa Malaysia indices and the ringgit performed on Friday.

FBM KLCI up 1.53% to 1,678.80 on Aug 30, 2024

Note from the publisher: Raising the bar for real estate excellence

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Sime Darby Property takes top spot at The Edge Malaysia Top Property Developers Awards 2024

From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.

TEPEA commentary: Malaysia’s best of the best

After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.

Top Property Developers Awards judges’ comments

The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.

The Edge Malaysia-PAM Green Excellence Award 2024 Judges - Judges’ citation

When Covid-19 struck in late 2019 and early 2020, the local building and construction industry was in a quandary, grappling with the rising cost of doing business and burdened by escalating land and construction material prices. Buyers were increasingly cautious and affordability a major issue. Developers were also pressured by high unsold inventories.

The Edge Malaysia-PEPS Value Creation Excellence Award 2024 Judges - Judges’ citation

The Edge Malaysia Affordable Urban Housing Excellence Award was launched 10 years ago to recognise outstanding, affordably priced urban homes. Through the award, we are encouraging developers to build outside the box.

The Edge Malaysia Affordable Urban Housing Excellence Award 2024 Judges - Judges’ citation

The Edge Malaysia Property Excellence Awards, introduced in 2010, initially comprised anchor award The Edge Malaysia Top Property Developers Awards, and two other sub-awards, namely The Edge Malaysia-PEPS Value Creation Excellence Award and The Edge Malaysia-PAM Green Excellence Award. They were subsequently expanded to include The Edge Malaysia Affordable Urban Housing Excellence Award, The Edge Malaysia Outstanding Contribution to the Real Estate Industry Award, The Edge Malaysia Outstanding Property CEO Award, The Edge Malaysia Outstanding Property Entrepreneur Award, The Edge Malaysia Outstanding Overseas Project Award and The Edge Malaysia Property Development Excellence Award.

Other awards

The Edge Malaysia Property Excellence Awards (TEPEA) recognises and celebrates the collective success of developers and their contribution to providing a roof over our heads — as a home, workplace and community space.

Crafting the TEPEA commemorative plate

The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.

On a transformation trajectory

(Nov 23):&nbsp;One of Malaysia’s wealthiest states is trying to seize control of the nation’s biggest gas reserves, complicating relations in the ruling coalition and threatening a blow to federal revenues.&nbsp;

Borneo challenge looms as Anwar marks two years as Malaysian PM — Bloomberg

PUTRAJAYA (Nov 24): Malaysia Airlines confirmed on Sunday that flight MH79, en route from Hong Kong to Kuala Lumpur, was diverted to Ho Chi Minh City Airport, Vietnam, due to a technical issue encountered during cruising.

Malaysia Airlines flight MH79 diverted to Vietnam due to technical issue

GEORGE TOWN (Nov 23): Rackson Group has unveiled a landmark RM1.5 billion gross development value (GDV) project in Bayan Lepas, featuring Le Meridien Penang Airport and Avion serviced apartments. &nbsp;

Rackson Group to transform Bayan Lepas skyline with RM1.5b GDV project

SEOUL (Nov 24): Prime Minister Datuk Seri Anwar Ibrahim is scheduled to meet leaders of South Korean conglomerates, or "chaebol", to attract more foreign direct investments to Malaysia.

Malaysian Ambassador to the Republic of Korea Datuk Mohd Zamruni Khalid said a series of meetings wit...

PM will meet South Korea’s conglomerate leaders, attract foreign investment

(Nov 24):&nbsp;Singaporean&nbsp;Prime Minister Lawrence Wong is set to take charge of the ruling People’s Action Party (PAP), consolidating his leadership ahead of a general election due next year. &nbsp;&nbsp;

Singapore PM set to take over ruling party ahead of election — Bloomberg

BAKU, Azerbaijan (Nov 23): Countries agreed at the UNs COP29 climate conference to spend US$300 billion on annual climate finance. Here are some ways of understanding what that sum is worth:

COP29: How does US$300b stack up?

(Nov 24):&nbsp;When Donald Trump first entered the White House in 2017, Cyrus Razzaghi was running an Iranian business consultancy, advising US, Japanese and European companies about how to grab opportunities in a market emerging from years of economic isolation.

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That all cha...

Iran braces for Trump reset with economy buckling from sanctions

KOTA BHARU (Nov 24): The Kelantan government is expected to table amendments to the Syariah Criminal Code (I) Enactment 2019 in the state legislative assembly in 2025.

Amendments to Syariah Criminal Code (I) Enactment 2019 in Kelantan expected to be tabled next year

From self-proclaimed tree hugger to key driver of Malaysia’s top property development company, Datuk Seri Azmir Merican is not your typical bricks-and-mortar guy.

Sime Darby Property Bhd (KL:SIMEPROP) took the No 1 spot at this year’s The Edge Malaysia Top Property Developers Awards (TPDA). This is the second time it has done so, the first time being in 2009. It was also the joint winner of the Best in Qualitative Attributes sub-award this year.

Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA), has been on the up and up since 2022, during which it posted record sales, revenue and earnings of RM4 billion, RM2.7 billion and RM342 million respectively for the financial year ended July 31, 2022. That same year, it rolled out its overseas expansion plans along with an annual property sales target of RM8 billion by 2028.

Taking a balanced approach

The Edge Malaysia-PAM Green Excellence Award debuted 14 years ago to recognise green buildings with outstanding and exemplary attributes beyond those embraced for formal green building certification.

After 15 years, Sime Darby Property Bhd (SDP) has reclaimed the coveted title of Malaysia’s top property developer. The last time the company lifted the crown was in 2009.

<div class="ceonothumb pb-5 imgw-800 mx-auto d-block"><a class="mobx embedimg-icon" data-desc="Ho (back row,centre), The Edge Malaysia editor-in-chief Kathy Fong (front row, second from left) with the City &amp; Country team — (front row, from left) writer Priya Devan, senior editor E Jacqui Chan, ...

When Tengku Datuk Ab Aziz Tengku Mahmud was appointed to lead the 40-acre mixed-use Merdeka 118 precinct development project in 2010, the new role came naturally to him following his years of experience in leading property divisions at various companies before that.

Taking on a nationally significant landmark project

With the Straits of Malacca coastline serving as the backdrop, the pleasant sea breeze and surrounding greenery provide residents of PR1MA Corp Malaysia’s (PR1MA) Residensi Port Dickson in Negeri Sembilan with a welcoming and soothing atmosphere.

Serene and tranquil living

Situated strategically along the Sarawak River, Residensi Bintawa Riverfront enjoys a scenic riverside view of Kuching’s skyline, with breezes from the water creating a serene ambience. The project is an affordable mid-rise apartment complex in Kuching, Sarawak, developed by PR1MA Corp Malaysia (PR1MA).

Creating well designed homes banking on nature

Giving back to his hometown was always a goal for Sunway Group founder and chairman Tan Sri Jeffrey Cheah, who is from a small town called Pusing in Perak. When he stumbled upon a former mining site in Ipoh in 1995, Cheah immediately envisioned creating something extraordinary out of the wasteland.

Former tin mine now a thriving township

The year is looking good for Sime Darby Property Bhd (KL:SIME­PROP). After achieving record-high revenue and operating profit — since its demerger in 2017 — of RM3.4 billion and RM606.4 million respectively in FY2023, ended Dec 31, the group has chalked up its strongest nine-month performance to date for the period ended Sept 30 with a 35% increase in revenue to RM3.27 billion, while operating profit grew 51% to RM729.5 million.

Standing at the end of Jalan Rotan in Kampung Attap in Kuala Lumpur is The Zhongshan Building, a restored four-storey whitewashed 1950s structure that has become a creative haven for the arts community.