Knight Frank Malaysia has been appointed the exclusive agent by Western Digital to market the latter’s hard disk drive (HDD) assembly facilities in Sungai Way Free Trade Industrial Zone (FIZ), Petaling Jaya, Selangor.

Knight Frank is exclusive agent for Western Digital’s PJ manufacturing sites

The Exchange TRX is expected to deliver its shopping mall by the third quarter 2021 (3Q2021).

Formerly known as the Lifestyle Quarter, the 17-acre retail-led mixed development in Tun Razak Exchange (TRX) is a joint venture between Australian developer and infrastructure firm Lendlease (60%) and TRX City Sdn Bhd (40%).

According to Lendlease project director for The Exchange TRX Brendan Walker, the entire development carries an estimated gross development value of about A$3 billion or RM9.1 billion and comprises a 4-storey shopping mall, six apartment blocks, a Grade A office, a hotel and a 10-acre rooftop park.

The Exchange TRX's mall set for completion by 3Q2021

Owners of commercial and industrial buildings, especially small-and-medium enterprises (SMEs) have been urged to explore the feasibility of installing solar panels on roofs to reduce electricity bills and enjoy incentives offered by the government.

Commercial and industrial property owners urged to explore solar tech

The Ascott Ltd (Ascott), CapitaLand’s wholly-owned lodging business unit is striving to become the largest hospitality management company in Malaysia – one of its key markets in the Southeast Asian region.

Ascott aims to be largest hospitality company in Malaysia

Meridian Bhd executive director Datuk Seth Yap today unveiled plans to develop the world's first Hasbro-themed water theme park at Meridian's Malaysia Tourism City (MTC) development in Kuala Linggi, Melaka, through a Hasbro licensing agreement secured by his private entity M101 Holdings Sdn Bhd.

World's first Hasbro water theme park to be in Melaka

Industry experts have raised concerns over the low awareness regarding the importance of the sinking fund in strata management. The fund is meant for major building maintenance works such as malfunctioning lifts, water-proofing, upgrades of fire-fighting equipment and other upgrading works.

Pay your sinking fund and don’t touch it until it’s needed

If you want to future proof the property that you own — probably the single largest investment that you have made, start by understanding the management and maintenance cost of the property, according to Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee.

Understand the cost of preserving the value of your property

“Unsold units” would be more appropriate a word than “overhang” to describe the current state of unsold completed properties in the country.

"Overhang means the industry is in dire straits and unable to absorb any new supply," said National Housing Department director-general Jayaselan Navaratnam.

Housing DG: Overhang probably too strong a word

Industry experts have urged the government to come up with a big data system to provide timely data for industry players to make better decisions and to avoid any market “crisis”.

Speaking at the National Housing and Property Focus Summit 2019 today, Area Management Sdn Bhd executive chairman Datuk Stewart LaBrooy pointed out that the need for big data is “crucial” in the property industry, especially for housing demand information.

Urgent need for a government-led big data system, say industry experts

Encore Melaka, a state-of-the-art theatre built by Yong Tai Bhd’s ambitious Impression City development in Melaka received the EdgeProp Editor’s Choice Award: Exemplary Real Estate Contribution to the Nation at this year’s EdgeProp Malaysia’s Best Managed Property Awards.

Encore Melaka recognised for its contribution to the nation

Thailand's 500 billion baht (US$13.51 billion or RM64.57 billion) "digital wallet" stimulus policy gained cabinet approval on Tuesday, Prime Minister Srettha Thavisin said, clearing another hurdle for the signature policy of the ruling Pheu Thai party.

Thailand's US$13.5b household stimulus plan gets cabinet approval

KUALA LUMPUR (April 23): The Ministry of Energy Transition and Water Transformation (Petra) is on the right track to achieve 98% access to clean water and sewerage coverage in rural areas by the end of 2025, said Deputy Minister Akmal Nasrullah Mohd Nasir.

Ministry poised for 98% rural area access to clean water, sewerage coverage by end-2025 — Akmal Nasrullah

MOSCOW (April 22): Russia said on Monday that U.S., British and French military support for Ukraine has pushed the world to the brink of a direct clash between the world's biggest nuclear powers that could end in catastrophe.

Lavrov said Western support for Ukraine was putting the Unite...

Russia warns of direct clash with West over Ukraine

The Sabah Forestry Department collected a revenue of RM155.32 million in 2023, the Sabah legislative assembly was told on Tuesday.

Assistant Minister to the Chief Minister Datuk Nizam Abu Bakar Titingan said from this amount, RM93.27 million is from royalties from timber-related activities and RM3.87 million is from the collection of fees for the inspection of exported wood products.

Sabah Forestry collects RM155.32 mil in revenue

A total of 71,052 vehicles were sold in March 2024 throughout Malaysia, up 10.5% month-on-month from the 64,290 units sold in February, but down nearly 10% from a year ago, according to the Malaysian Automotive Association (MAA).

MAA: Vehicles sales up 10.5% month-on-month in March

India's sugar consumption this year is poised to hit a record high as demand during the peak summer season gets a boost from heat waves and the mobilisation of millions for elections in the scorching temperatures.

India's sugar demand surges in heat wave and election season

US Supreme Court justices confronted the nation's homelessness crisis on Monday as they wrestled with the legality of local laws used against people who camp on public streets and parks in a case involving a southwest Oregon city's anti-vagrancy policy.

US Supreme Court scrutinises anti-camping laws used against the homeless

The bodies of the 10 victims involved in the mid-air collision and crash involving two helicopters at the Royal Malaysian Navy (RMN) base in Lumut were recovered earlier on Tuesday.

Police confirm all bodies recovered from helicopters' crash

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Najib's 1MDB-Tanore trial live reporting (April 23)

KUALA LUMPUR (April 23): Malaysia still has the advantages for the “China plus one” (China+1) strategy, despite facing rising competition from its neighbouring countries, according to the Socio-Economic Research Centre (SERC).

Malaysia still frontrunner for China+1 strategy despite rising competition from regional countries, says SERC

The Edge covers former Malaysian Prime Minister Datuk Seri Najib Razak's 1Malaysia Development Bhd-Tanore (1MDB-Tanore) trial live.

Ten members of the Royal Malaysian Navy (RMN) were confirmed dead in an incident where two helicopters collided and crashed at the Royal Malaysian Navy (RMN) base in Lumut, Perak on Tuesday morning.

Two helicopters crash in Lumut, 10 confirmed killed — RMN

Shares of Topmix Bhd surged 32% in its trading debut on Tuesday after the surface decorative products company’s initial public offering (IPO) on the ACE Market raised RM31.7 million.

Topmix surges 32% on ACE Market debut

Healthcare stocks still have legs to run following the recent rally and investors should continue to buy hospital operators for their further earnings growth this year, analysts said.

KPJ near record high, IHH surges as analysts bet on more upside

Brazil's government said on Monday that four additional poultry plants have been cleared to sell halal products to Malaysia, a move it hopes will allow exports to the Asian country to double when compared to last year's levels.

Brazil says Malaysia clears four more halal poultry plants for export

Eight contractors face possible Malaysia Competition Commission (MyCC) fines for alleged bid rigging in 2019, in respect of two tenders of the Public Works Department (JKR) and one tender of the Department of Drainage and Irrigation.

Eight contractors face possible MyCC fines for bid rigging in tenders worth RM473m

Malaysia’s construction tender prices are&nbsp;expected to grow by 3% in 2024, compared to the previous year, driven by various factors such as project type, industry procurement strategy and currency fluctuations, according to a report by global professional services company Turner &amp; Townsend.

Malaysia’s construction tender prices to grow by 3% in 2024, says Turner & Townsend

Asian shares extended gains on Tuesday, taking cues from Wall Street as investors' focus shifts to earnings reports from US tech giants in the week, while a still strong dollar pressured the Japanese yen to fresh 34-year lows.

Asian shares extend gains ahead of tech earnings, yen fragile

Former Umno Supreme Council member Hizatul Isham Abdul Jalil or better known as Isham Jalil has offered to make an unreserved apology to bring an end to his contempt of court proceedings.

Ex-Umno leader ready to apologise in contempt of court case

Indonesian President Joko Widodo and his son, incoming vice-president Gibran Rakabuming Raka, are no longer members of the country's largest party after they backed rival candidate and election winner Prabowo Subianto, a party official said on Tuesday.

Indonesia's biggest party confirms President Jokowi no longer a member after backing Prabowo

Datin Seri Rosmah Mansor's appeal against her guilty conviction and sentence over all three counts of graft pertaining to the RM1.25 billion solar hybrid project for 369 rural schools in Sarawak will be heard in October.

October hearing for Rosmah's appeal in solar project graft trial

Chinese universities and research institutes recently obtained high-end Nvidia artificial intelligence (AI) chips through resellers, despite the US widening a ban last year on the sale of such technology to China.

China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show

Hong Leong Investment Bank (HLIB) has a “trading buy” rating on SDS Group Bhd and said with 33 of its F&amp;B outlets situated across Johor state, and a wholesale segment that is focusing in this region, SDS appears strategically positioned to leverage the burgeoning vibrancy in Johor, propelled further by the continuous influx of visitors from Singapore.

SDS strategically positioned to leverage burgeoning vibrancy in Johor, says HLIB 

Swatch Group (M) Sdn Bhd&nbsp;said the seizure of its 172 rainbow-themed watches had caused much grief to its international reputation, as the renowned Swiss watch maker had always been dutiful citizens of any state where the watches were sold.

Swatch says advocating compassion for LGBTQ is not a crime, seizure illegal

Bursa Malaysia opened higher on Tuesday, taking its cue from Wall Street’s better performance overnight, as sentiment improves after Iran said it will not escalate the conflict with Israel, said an analyst.

Bursa up in early trade, tracking Wall Street overnight

Malton Bhd has unveiled the final tower (Block B) of River Park, following the successful launch of its previous Tower A and Tower C blocks with more than 70% take-up rate.

Malton unveils River Park's final tower

Capital A Bhd’s unit AirAsia Consulting Sdn Bhd is still in the pre-qualification stage for the acquisition of national carrier SriLankan Airlines.&nbsp;

However, AirAsia Consulting has yet to submit any price bid since due diligence has not been carried out, its chief executive officer Subashini Silvadas told The Edge on Tuesday.

Capital A’s unit in RFQ process for SriLankan Airlines, no price bid yet

Rakuten Trade has a “buy” rating on ACE Market-bound surface decorative products company Topmix Bhd at an initial public offering (IPO) price of 31 sen, with a fair value of 40 sen based on financial year 2024 (FY2024) forecast price-earnings (PE) of 15x, in line with industry peers.

Rakuten Trade values Topmix at 40 sen, expects FY2023-FY2026 earnings to grow at CAGR of 25%

Wall Street stocks ended higher on Monday following a market sell-off in previous sessions as investors eyed a busy week for quarterly results from key companies that would provide a glimpse of the US economy's health.

Wall Street stocks end higher with major corporate earnings in view

The two helicopters which collided and crashed at the Royal Malaysian Navy (RMN) Base were undergoing a rehearsal for the third time in conjunction with RMN Fleet Open Day celebration scheduled on Saturday (April 27).

Shawn Ng

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