Property

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Desmond Lim plans takeover of Subang airport, says report

KUALA LUMPUR (May 6): Businessman Tan Sri Desmond Lim has been reported to be planning “a takeover of Subang airport”.

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MCO: Latest SOPs set for Selangor mosques, surau

SHAH ALAM (May 6): The Selangor Islamic Religion Standing Committee has set a new set of standard operating procedures (SOPs) for mosques and surau in six districts in the state, which have been ...

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Sentral REIT 1Q net property income down 4% on-year; up in quarterly terms

KUALA LUMPUR (May 6): Sentral REIT, formerly known as MRCB-Quill REIT, said today first quarter net property income (NPI) fell 4.2% to RM31.41 million from a year earlier on lower revenue and higher p...

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IP on SOP violation by Neelofa, husband in final stage

SEREMBAN (May 6): The police are in the final stage of completing the investigation papers (IP) on celebrity Neelofa Mohd Noor (pictured) and husband, Haris Ismail, for allegedly violating the s...

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Deepak withdraws appeal to include Najib and others in suit filed by family of PI Bala

PUTRAJAYA (May 6): Carpet businessman Deepak Jaikishan (pictured) today withdrew his appeal to include former prime minister Datuk Seri Najib Razak, his wife Datin Seri Rosmah Mansor, and six others a...

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Najib's second SRC trial deferred by nine months to March next year

KUALA LUMPUR (May 6): Datuk Seri Najib Razak's (pictured) second SRC International Sdn Bhd trial for three money laundering charges involving RM27 million, scheduled in July, has been shelved until Ma...

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Malaysia's GDP growth could dip to 4% on MCO 3.0, slow vaccination and Covid-19 resurgence — SERC

KUALA LUMPUR (May 6): The latest movement control order (MCO 3.0) imposed by the government will continue to have scarring effects on economic and business activities, according to Socio-Economic Res...

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India’s daily Covid-19 cases climb to new world record

NEW DELHI (May 6): India set a new global record Thursday after the country registered its biggest single-day rise in coronavirus cases of over 412,000 in the last 24 hours, Anadolu Agency (AA) repor...

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Finnish company announces development of nasal spray against Covid-19

HELSINKI (May 6): Finnish pharmaceutical company Therapeutica Borealis Oy has developed a COVID-19 nasal spray, and the medication can be used for treatment and act as a prophylactic drug alongside va...

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Ministry targets 500 mil litres of recycled water daily by 2025

MELAKA (May 6): The Ministry of Environment and Water (KASA) is targeting the production of recycled water supply nationwide at a rate of 500 million litres a day by 2025, said its Deputy Minister Dat...

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US supports waiver of property rights on Covid-19 vaccines: USTR

WASHINGTON (May 6): US Trade Representative (USTR) Katherine Tai said on Wednesday that US supports waiving the intellectual property protections for COVID-19 vaccines, which would allow mass product...

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Challenge to Australia's India travel ban lodged in court

CANBERRA (May 6): The validity of the Australian government's controversial India travel ban will be challenged in the country's Federal Court, according to Xinhua news Agency.

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Use of plastics should be managed, not banned say associations

KUALA LUMPUR (May 6): Malaysia should focus on the sustainable management of plastics instead of completely banning their production and use, said Malaysian Plastics Manufacturers Association (MPMA) a...

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Sheng Tai International bags Visionary Developer Award at iDEA 2021

6 MAY, KUALA LUMPUR – Sheng Tai International Sdn Bhd (Sheng Tai International), an award-winning home-grown developer and a specialist in property tourism, was accorded the Visionary Developer Awa...

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IRB slaps two UEM Sunrise units with RM82.2m tax bill

KUALA LUMPUR (May 5): Two wholly-owned subsidiaries of UEM Sunrise Bhd have been slapped with additional taxes and penalties amounting to RM82.18 million by the Director General of Inland Revenue Boar...

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KW Malaysia aims to collect 100 used laptops for students

PETALING JAYA (May 5): KW Malaysia, the Malaysian master licensee of Keller Williams Realty International, has continued its annual Corporate Social Responsibility (CSR) initiative, RED Day, from May...

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Covid-19: Kelantan has submitted report on critical situation to Federal govt, says MB

KOTA BHARU (May 5): The Kelantan government has submitted a report on the critical Covid-19 situation in the state to the Malaysian National Security Council (MKN) to seek its advice, says Menteri Bes...

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MOSTI to discuss with vaccine task force on AstraZeneca vaccine registration issue, says Khairy

KUALA LUMPUR (May 5): The reason why those who have registered for the AstraZeneca vaccine did not receive notice of appointments is because their identity card numbers did not match those registered ...

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Malaysia aspires to be carbon neutral nation, says Mustapa

PUTRAJAYA (May 5): Malaysia aspires to become a carbon-neutral nation in the future as it views climate change and sustainability as an issue of high significance, Minister in the Prime Minister's Dep...

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S P Setia to establish sukuk programme worth up to RM3b

KUALA LUMPUR (May 5): S P Setia Bhd has proposed the establishment of an Islamic medium term note programme of up to RM3 billion in nominal value.

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Give your home a chill pill

As the saying goes, the grass is always greener on the other side.

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Ministry of Rural Development built and repaired over 9,000 homes in 2020

BANGI (May 5): Last year, the Ministry of Rural Development (KPLB) got busy repairing 8,291 homes and building 1,428 new ones under the Housing for the Hardcore Poor Project (PPRT). This has benefited...

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Court fixes case management for IRB's bankruptcy claim against Najib on May 24 as he applies to stay proceedings

KUALA LUMPUR (May 5): The High Court here has fixed May 24 for case management of the Inland Revenue Board’s (IRB) bankruptcy claim against former premier Datuk Seri Najib Razak.

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Appeal court stops Kenari Maluri from intervening in Jalan Duta land dispute; company says will escalate matter to Federal Court

PUTRAJAYA (May 5): After the Court of Appeal today ruled Kenari Maluri Sdn Bhd, a company claiming to represent the majority of Semantan Estate (1952) Sdn Bhd shareholders, is not allowed to interven...

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Kerjaya Prospek subsidiary wins RM28m job in Penang

KUALA LUMPUR (May 5): Kerjaya Prospek Group Bhd said its wholly-owned subsidiary Kerjaya Prospek (M) Sdn Bhd today accepted a letter of award from Eastern & Oriental Bhd's (E&O) indirect subsidiary Pe...

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PM Muhyiddin chairs inaugural Shared Prosperity Council meeting

KUALA LUMPUR (May 5): Prime Minister Tan Sri Muhyiddin Yassin yesterday chaired the first Shared Prosperity Council (MTKB) meeting.

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Covid: Pahang to propose MCO in Kuantan if cases continue to rise

KUANTAN (May 5): The Pahang government plans to impose stricter regulations, including applying for a Movement Control Order (MCO) in Kuantan, if the rise in Covid-19 positive cases in the district ca...

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Police use drones at bazaars to monitor SOP compliance

KUALA LUMPUR (May 5): Drones have once again become the “eyes” for authorities, especially the Royal Malaysia Police to monitor the Covid-19 standard operating procedure (SOP) compliance at Ramada...

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Advertorial: Premier Malaysian cartographer unveils Kuala Lumpur plan

Ho explaining some of the strategic benefits of Lake City at the seminar which was hosted at the Lake City property gallery.

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SkyWorld to ready RM2bil worth of products in strategic locales

Lee showing off the newly launched SkyVogue Residences.

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Berjaya Land Bhd unveils Tower C of The Tropika Bukit Jalil

BUKIT JALIL (May 4): Berjaya Land Bhd has unveiled the Tower C development of The Tropika Bukit Jali on May 2, 2021 via FB Live session.

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Mah Sing subsidiary buying KL land for RM618m mixed development

KUALA LUMPUR (May 4): Mah Sing Group Bhd’s wholly-owned subsidiary Nova Century Development Sdn Bhd is buying an approximately two-hectare (about five acres) land in Tempat Jalan Genting Kelang, ...

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Malaysia Airlines parent Malaysia Aviation Group denies mandating Goldman Sachs to guide aviation group's long-term business plan

KUALA LUMPUR (May 4): Malaysia Aviation Group (MAG) has denied hiring or giving a mandate to US investment bank, Goldman Sachs, to guide the aviation group's long-term business plan (LTBP 2.0) over th...

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Economist calls for windfall tax on industries that benefit from Covid-19

KUALA LUMPUR (May 4): The government should consider implementing a windfall tax on industries that benefit greatly from the Covid-19 crisis, according to Khazanah Research Institute senior advisor ...

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High Court orders Jho Low’s right-hand man 'Fat Eric' to pay RM68m in tax arrears

KUALA LUMPUR (May 4): The High Court here had today ordered Eric Tan Kim Loong, who is also known as "Fat Eric", to pay almost RM68 million in tax arrears from 2010 to 2013 to the Malaysian government...

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KLCCP Stapled Group’s 1Q net profit falls 17.39% to RM146.13m, dragged by retail and hotel segments

KUALA LUMPUR (May 4): KLCCP Stapled Group’s net profit for the first quarter ended March 31, 2021 (1QFY21) fell 17.39% to RM146.13 million, from RM176.88 million a year ago, as the prolonged Covid...

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Najib files fresh appeal to recuse Sri Ram from leading prosecution in 1MDB audit tampering trial

KUALA LUMPUR (May 4): Former prime minister Datuk Seri Najib Razak has made another appeal at the appellate court against the High Court’s decision to dismiss his application to disqualify appointed...

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Implementation of targeted MCO appropriate for KL, says Annuar Musa

PUTRAJAYA (May 4): The implementation of targeted Movement Control Order (MCO) in several localities in Kuala Lumpur is seen as an appropriate approach for the federal capital to deal with Covid-19, s...

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Vacant possession marks double joy for Glomac customers during Ramadan

Izzat (second from left) with one of the house buyers during the key handover session.

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Vaccine: No transportation, change of mind reason for last minute cancellation

KUALA PILAH (May 4): No means of transportation and a change of mind are among the reasons why Covid-19 vaccine recipients in the district cancel their appointments at the last minute, said Kuala Pila...

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Fire and Rescue Dept members who violate MCO SOP to face disciplinary action

SHAH ALAM (May 4): Disciplinary action will be taken against the Malaysian Fire and Rescue Department (JBPM) personnel and officers who violate the standard operating procedures (SOP) of the various M...

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Court: Man fined RM5,500 for kicking, threatening apartment committee member

PETALING JAYA (May 5): A resident at Kota Damansara flats was fined RM5,500 for threatening and assaulting a management committee member when being requested to park his car properly, reported FMT.

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Convent Bukit Nanas to consider settling legal action on non-renewal of land lease

KUALA LUMPUR (May 3): The Lady Superior of the Society of Saint Maur, which runs Sekolah Menengah Kebangsaan (SMK) Convent Bukit Nanas (CBN) will consider to settle its legal action to challenge the g...

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Covid-19: Malaysia reports 2,500 new confirmed cases, with 18 deaths

KUALA LUMPUR (May 3): Malaysia reported a lower number of new infections today but the daily number remained at above 2,000-level.

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Covid-19: PKRC, health facilities at critical level in Kelantan

KOTA BARU (May 3): The capacity of the Covid-19 Low-Risk Quarantine and Treatment Centres (PKRC) and hospital facilities in Kelantan has reached a critical level due to the rising number of daily C...

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Singaporean buyers shift to bigger units to meet WFH needs

SINGAPORE (May 3): As work-from-home (WFH) becomes a new norm and more employers are willing to offer flexible arrangements for their employees, Singaporean homebuyers are looking at upsizing to bigg...

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SRC appeal postponed to May 18

KUALA LUMPUR (May 3): The appeal hearing against former prime minister Datuk Seri Najib Razak's conviction in the SRC International Sdn Bhd trial at the Court of Appeal, which was previously scheduled...

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Covid-19: Sabah bars entry from four countries

KOTA KINABALU (May 3): The Sabah government has decided to bar entry of individuals from Bangladesh, Nepal, Pakistan and Sri Lanka into the state, as part of efforts to curb the spread of Covid-19. Ch...

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MEF urges govt to delay review of minimum wages

KUALA LUMPUR (May 3): The Malaysian Employers Federation (MEF) has appealed to Prime Minister Tan Sri Muhyiddin Yassin to delay the review of minimum wages, which is due in February 2022.

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Wee: All Malaysia Airlines flights from India since April 28 only involve cargo, not passengers

KUALA LUMPUR (May 3): The Transport Ministry has clarified today that all Malaysia Airlines Bhd flights from India that are allowed to enter the country only involve cargo flights.

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Covid-19 resurgence threatens Malaysia’s economic recovery, says OCBC economist

KUALA LUMPUR (May 3): The resurgence of Covid-19 in Malaysia threatens its economic recovery, according to OCBC Bank’s economist Wellian Wiranto.

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1MDB-Tanore, SRC appeal trials on ice as one of Najib's lawyers quarantined

KUALA LUMPUR (May 3): Both the 1Malaysia Development Bhd (1MDB)-Tanore and SRC International Sdn Bhd trials involving former Prime Minister Datuk Seri Najib Abdul Razak have been postponed this week a...

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Malaysia’s PMI up at 53.9 in April, strongest expansion since July 2012 — IHS Markit

KUALA LUMPUR (May 3): Malaysia's Purchasing Managers' Index (PMI) rose to 53.9 in April, from 49.9 in March, the strongest expansion recorded since the survey began in July 2012, according to IHS Mark...

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Melawati Corporate Centre a perfect spot for growing businesses

The MCC is the much-anticipated catalyst to transform Melawati into the new frontier of development.

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Rejoice with Raya festive incentives from S P Setia

30 APRIL – KUALA LUMPUR – Spreading the festive joy, S P Setia is rewarding not just home buyers but everyone with limited-time Raya rebates and exciting vouchers up for grabs!

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KKMM issues disclaimer on viralled fake news

KUALA LUMPUR (May 3): The following is the denial of fake news which went viral on social media, issued by the responsible agency through a media statement by the Quick Response Team of the Communicat...

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MCO to be reviewed due to surge in Covid-19 cases, says Muhyiddin

KUALA LUMPUR (May 1): The ongoing movement control order (MCO) will be reviewed, especially in states experiencing a spike in positive Covid-19 cases, said Prime Minister Tan Sri Muhyiddin Yassin.

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552,862 individuals have completed both doses of Covid-19 vaccine, says Adham

KUALA LUMPUR (May 1): A total of 552,862 individuals had completed both doses of their vaccine jabs through the National Covid-19 Immunisation Programme as of yesterday, said Health Minister Datuk Se...

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Volunteers in Selangor, KL can book AstraZeneca vaccination slots from tomorrow, says Khairy

KUALA LUMPUR (May 1): Kuala Lumpur and Selangor residents who want to take the AstraZeneca Covid-19 vaccine will be able to book their slots from noon tomorrow on a "first click, first served" ba...

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Covid-19: Malaysia's new cases drop to 2,881

KUALA LUMPUR (May 1): Malaysia reported 2,881 new Covid-19 cases today, compared with 3,788 yesterday, raising the country's total number of infections to 411,594.

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Berjaya Corp CEO to announce reorganisation — report

PETALING JAYA (May 1): Berjaya Corp Bhd (BCorp) chief executive officer (CEO) Abdul Jalil Abdul Rasheed will be announcing a reorganisation in June to streamline the group's businesses, reported N...

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Ahmad Fuzi takes oath of office as Penang YDP

GEORGE TOWN (May 1): Tun Ahmad Fuzi Abdul Razak today took his oath of office as the eighth Yang di-Pertua Negeri (YDP) of Penang in a ceremony held at Dewan Sri Pinang here. Ahmad Fuzi succeeds Tu...

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Minimum wage rate being reviewed to keep it relevant, says Muhyiddin

KUALA LUMPUR (May 1): The minimum wage rate is being reviewed to ensure earnings of workers remain relevant with current economic conditions, said Prime Minister Tan Sri Muhyiddin Yassin.

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Covid-19: KPKT orders 22 Ramadan bazaars nationwide to shut down

KUALA LUMPUR (April30): Twenty-two Ramadan Bazaars at in several Covid-19 high-risk areas have been instructed to close from tomorrow by Local Government and Housing Ministry (KPKT) to curb the spread...

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KLCCP Stapled Group appoints Md Shah Mahmood as new CEO

KUALA LUMPUR (April 30): KLCCP Stapled Group, which comprises KLCC Property Holdings Bhd and KLCC REIT Management Sdn Bhd, has appointed Md Shah Mahmood as its new chief executive officer effective Ma...

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Five districts in Kedah placed under MCO from May 1-14 — Ismail Sabri

KUALA LUMPUR (April 30): The Government has decided to enforce the Movement Control Order (MCO) in five districts in Kedah for two weeks, effective tomorrow.

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BNM appoints Abd Rahman Abu Bakar as assistant governor

KUALA LUMPUR (April 30): Bank Negara Malaysia (BNM) has appointed Abd Rahman Abu Bakar (pictured) as assistant governor, effective May 1.

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Enforcement officers should not rush into issuing compound notices, says Mohd Redzuan

PUTRAJAYA (April 30): Enforcement officers have to understand the current situation instead of rushing to issue compound notices under the Prevention and Control of Infectious Diseases Act 1988 (Ac...

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Aidilfitri SOPs, decision on inter-district travel to be announced next week, says Ismail Sabri

KUALA LUMPUR (April 30): The special National Security Council (MKN) meeting scheduled for Monday next week will decide on several matters related to Aidilfitri celebrations this year, including the...

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New daily Covid-19 cases climb further to 3,788, with 1,265 from Selangor

KUALA LUMPUR (April 30): Malaysia’s daily Covid-19 cases stayed above the 3,000 mark for the third straight day, as 3,788 new infections were reported in the last 24 hours, according to health direc...

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Malaysians in danger of burnout — PwC Malaysia

KUALA LUMPUR (April 30): While more than half or 55% of Malaysian respondents prefer a mostly virtual work environment, only 28% are able to disconnect from work outside of working hours, weekends inc...

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Better Malaysia Foundation: Proposal on affordable homes submitted to government

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Fajarbaru eyes launching new property projects towards 2H21

KUALA LUMPUR (April 30): Fajarbaru Builder Group Bhd is looking at launching new property projects towards the second half of 2021 (2H21) once market conditions improve.

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Govt has postponed toll rate increase for three major highways, says Fadillah Yusof

KUALA LUMPUR (April 30): The government has agreed to postpone the increase in toll rates for three major highways, which was supposed to take effect on Jan 1 this year, said Senior Works Minister Da...

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EPF subsidiary Kwasa Land appoints Adenan Md Yusof as MD

KUALA LUMPUR (April 30): The Employees Provident Fund's (EPF) wholly-owned subsidiary Kwasa Land Sdn Bhd has appointed Adenan Md Yusof as managing director (MD) effective Monday (May 3, 2021) to contr...

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Kuala Lumpur has 1,554 Covid-19 cases per 100,000 population, highest among states

KUALA LUMPUR (April 29): Kuala Lumpur has an average of 1,554 cases of Covid-19 per 100,000 population from Jan 1 to April 29, exceeding the national average of 853 cases and leading all the states.

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Boarding school, vocational college students in EMCO areas not allowed back for Raya

KUALA LUMPUR (April 30): Students in boarding schools and Vocational College (KV) hostels under the Education Ministry in Enhanced Movement Control Order (EMCO) areas are not allowed to return home fo...

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Covid-19: Sarawak govt allows students in hostels to return home, no tests required

KUCHING (April 30): All students living in hostels in Sarawak can now return to their respective hometowns without having to undergo the Covid-19 RT-PCR test, following the state government's announce...

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KPKT lauds Gamuda Land for efforts in sustainable development

(from left) Shamsaini, Zuraida, Hajah and Khariza at the event.

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Vaccination of hotel workers, including from Genting Group, only done after completion of first phase

KUANTAN (April 30): The Pahang State Disaster Management Committee (SDMC) has explained that the vaccination of workers from the hospitality industry was done based on several factors, including the c...

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Proposal on affordable homes for B40 submitted to Govt — Vincent Tan

KUALA LUMPUR (April 30): The Better Malaysia Foundation (BMF) submitted its proposal on affordable homes for low-income earners in Malaysia, namely those from the B40 group, to the Government earlier ...

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Individuals in their 20s record highest Covid-19 incidence rate, while 30s group has greatest number of cases so far this year

KUALA LUMPUR (April 30): Individuals aged between 20 and 29 showed the highest Covid-19 cases incidence rate in the country per 100,000 population so far this year, according to the Ministry of Healt...

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Abandoned housing projects: enforcement of existing laws, not new laws, needed

Time and again, every minister of housing desires to tweak and fine-tune the housing laws, claiming to champion more protection and safeguards for house buyers, as if it is customary to do so.

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The invincible leader

Hate him, or salute him. Whichever it might be, you could not help but take your hat off to Tan Sri Leong Hoy Kum.

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Rising steel prices hurting building sector

The cost of construction has been creeping up.

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Covid-19 cases stay above 3,000 for second day, with a third of cases from Selangor again

KUALA LUMPUR (April 29): Malaysia saw Covid-19 cases rise to 3,332 today, from 3,142 reported yesterday, marking the second straight day new infections have breached the 3,000-case threshold.

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Saifuddin Abdullah tests positive for Covid-19

KUALA LUMPUR (April 29): Minister of Multimedia and Communications Datuk Saifuddin Abdullah has been confirmed positive for Covid-19 after getting his screening test results last night.

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Balik kampung festive vibes in Klang Valley shopping malls

Splashes of green, brown and gold are some of the colours that dominate the decorations of many malls this month as the Muslim community look forward to the upcoming celebration of Hari Raya.

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Dr Noor Hisham reminds vaccinated senior citizens to follow SOP

PUTRAJAYA (April 29): Senior citizens who have been vaccinated against Covid-19 are reminded to continue observing the standard operating procedure (SOP), as they can still be infected with the virus,...

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Zeti retires as PNB group chairman, confirms The Edge report

KUALA LUMPUR (April 29): Tan Sri Dr Zeti Akhtar Aziz is retiring from her position as group chairman of Permodalan Nasional Bhd (PNB), confirming a report by The Edge CEO Morning Brief.

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Govt committed to ensuring 18-year-old voters can cast ballots in GE15 — Takiyuddin

KUALA LUMPUR (April 29): The government is committed to ensuring that voters aged at least 18 can vote in the next general election, said Minister in the Prime Minister’s Department (Law and Parliam...

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Former chief justice Arifin Zakaria to replace Zeti Aziz as PNB chairman

KUALA LUMPUR (April 29): Former chief justice Tun Arifin Zakaria will succeed Tan Sri Dr Zeti Akhtar Aziz as Permodalan Nasional Bhd (PNB) chairman, according to sources.

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Feel the pulse of life at Nadi Rimbayu Bizhub

27 APRIL , SELANGOR – Bandar Rimbayu by IJM Land has seen tremendous growth in the past few years.

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EMCO at Kampung Baru Pasir Putih, Tawau not extended as announced yesterday

KOTA KINABALU (April 28): The Enhanced Movement Control Order (EMCO) in Kampung Baru Pasir Putih, Tawau will not be extended as announced yesterday, and is lifted today, said Sabah Housing and Local G...

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Covid-19: 43 schools in Selangor, Negeri Sembilan ordered closed

KUALA LUMPUR (April 29): A total 43 schools in Selangor and Negeri Sembilan were ordered to close temporarily starting yesterday and today following the proliferation of Covid-19 cases among students...

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Construction, property segments pull Gadang 3Q net profit down 10% q-o-q

KUALA LUMPUR (April 29): Gadang Holdings Bhd saw its net profit for the third quarter ended Feb 28, 2021 (3QFY21) slide 10.4% to RM2.84 million from RM3.16 million seen in the immediately preceding qu...

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IGB shareholders approve listing of commercial REIT, sale of properties to the REIT

KUALA LUMPUR (April 29): IGB Bhd shareholders have approved the proposed listing of IGB Commercial Real Estate Investment Trust (REIT), as well the sale of 10 commercial properties to the new REIT.

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EMCO in three locations in three states from April 29

KUALA LUMPUR (April 29): The government will impose the Enhanced Movement Control Order (EMCO) for two weeks starting tomorrow at three locations in three states which have seen an upward trend of pos...

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Prices of RON97, RON95 and diesel unchanged

KUALA LUMPUR (April 28): The retail prices for RON97 and RON95 petrol, and diesel will remain unchanged at RM2.58, RM2.05 and RM2.15 per litre respectively for the period of April 29 to May 5.

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Malaysia's new Covid-19 cases jump to 3,142, with 1,019 from Selangor — Health D-G

KUALA LUMPUR (April 28): Malaysia's new Covid-19 cases jumped to 3,142 today — the highest in four months, bringing the number of active cases that have high transmission risks to 26,719 in the coun...

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