Net-zero carbon (NZC) goals are driving the demand for sustainable office buildings in Asia, according to JLL’s report Asia’s Decade of Action: Accelerating the transition to Sustainable Workplaces. The report stated that 87% of occupiers in Asia are targeting 100% green-certified portfolios by 2...

JLL: Net-zero carbon goals drive accelerated demand for sustainable workplaces in Asia

US-based non-profit association for corporate real estate (CRE) professionals CoreNet Global hosted its 2024 Global Asia-Pacific (Apac) Summit in Kuala Lumpur last month, which gathered 670 leaders in the CRE profession from Fortune 500 companies all around the world.

Held from March 5 ...

CoreNet Global continues to advance, support corporate real estate practice

Tujuh Residences, the first residential project launched within the 94-acre Kwasa Damansara City Centre (KDCC) master plan in Shah Alam, Selangor, has received an encouraging market response since its soft launch in early October last year.

“The Tujuh Residences showroom is currently op...

Tujuh Residences receives encouraging market response

Real estate developers in Malaysia have a neutral outlook on the property industry for the first half of the year (1H2024), according to the Real Estate and Housing Developers’ Association Malaysia’s report titled “Property Industry Survey 2H2023 and Market Outlook for 2024”. The results were pre...

Neutral outlook for property industry in 1H2024

Gamuda Land, the property arm of Gamuda Bhd, is looking to launch the freehold 532-acre Gardens Park in the next quarter. The first phase of the development will offer two-storey terraced homes, according to the chief operating officer of project operations Wong Siew Lee.

In an intervie...

Cover Story: Seamless, green connections

With only one major completion — the Merdeka 118 tower — and currently low supply, the Kuala Lumpur and Selangor office market is expected to face supply pressure, according to Knight Frank Malaysia executive director (office strategy and solution) Teh Young Khean when presenting The Edge Mal...

The Edge Malaysia | Knight Frank Kuala Lumpur and Selangor Office Monitor 4Q2023: KL and Selangor office market on positive trajectory

Since the opening of its dining enclave just over a year ago, Bamboo Hills by UOA Development Bhd has become one of the Klang Valley’s most attractive destinations, offering a unique dining concept comprising individual pavilions nestled within a 16.48-acre green landscaped setting, complete with...

UOA Development to launch Bamboo Hills Residences in 2Q

While some countries or cities battle more pressing matters such as poverty, corruption and climate change, restoring and conserving buildings or parts of a neighbourhood may seem unnecessary as millions of dollars have to be spent. But the reality of it is far more complex as the benefits of res...

‘Restoration and conservation of historic cities contribute to their socioeconomic development’

A catchy new name is gradually making its presence known in the Klang Valley’s retail scene. MeMi ZoooZooo, which has a quirky and unique rhyme to its name, offers mini marts and grocers that operate 24 hours a day. The brand was launched in August 2022 by former contractor and property developer...

Kenwingston announces big plans for MeMi ZoooZooo

Gamuda Land, the property arm of Gamuda Bhd, is looking to launch the 532-acre Gardens Park — an extension of the popular Gamuda Gardens in Rawang — in the next quarter. Project operations COO Wong Siew Lee tells City & Country that the new project, which will expand the developer’s presence in Rawang to more than 1,300 acres, features the concept of “a town in a park”.

Growing big in northern Klang Valley

Kuala Lumpur has evolved over time to become a cosmopolitan city that is a successful marriage of old and new. As time progresses, however, older parts of the capital are slowly being left by the wayside, much like a former favourite toy left forgotten in the cupboard.

Think City S...

Revitalising the historical parts of downtown KL

The market is still in the recovery stage post pandemic, albeit remaining active, Nawawi Tie Leung (NTL) Property Consultants Sdn Bhd executive director and regional head of research and consulting Saleha Yusoff says in The Edge Malaysia | Nawawi Tie Leung Property Consultants Penang Hou...

The Edge Malaysia | Nawawi Tie  Penang Housing Property Monitor 4Q2023: Still in recovery stage, albeit remaining active

It was a sunny morning when City & Country arrived at S P Setia Bhd’s Setia Eco Park township, yet the temperature was cooler than in other parts of Setia Alam. “Owing to its location right next to the Bukit Cerakah Forest Reserve and having plenty of greenery itself, Setia Eco Park,...

S P Setia gears up to launch more homes in Setia Eco Park this year

Mulpha International Bhd has kept a low profile after divesting its stake in Mulpha Land Bhd (now known as Thriven Global Bhd) in 2015. It subsequently slimmed down its property portfolio in Malaysia, keeping only the Leisure Farm township in Johor. It still holds a 22.18% stake in Thriven Global...

Cover Story: Always on the lookout for opportunities

KOTA KINABALU (April 16): Qhazanah Sabah Bhd (QSB) welcomes any company from abroad that wants to work together to invest in Sabah, said its chairman Datuk Yusof Yacob.

Qhazanah Sabah ready to collaborate with foreign companies on investing in Sabah

Singapore Prime Minister Lee Hsien Loong will stay on as a senior minister after he steps down, the Straits Times reported, citing incoming premier Lawrence Wong.

Singapore PM Lee to stay on as senior minister, Straits Times reports

Bursa Malaysia ended lower for the second consecutive day on Tuesday, tracking the weak global sentiment due to the Middle East conflict, said an analyst.

Bursa closes lower, tracking weak global sentiment

JPMorgan Chase & Co analysts said they were wrong to be cautious on European bank stocks, one of the region’s top performing sectors this year.

JPMorgan analysts say cautious call on European banks was wrong

Joe Biden came into office in 2021 vowing to undo Donald Trump’s harsh policies on the US’s southern border and work with governments across Central America to reduce the motivations for their citizens to head north.

Biden once rejected Trump’s migrant policies but now echoes them

KUALA LUMPUR (April 16): Malaysian airlines will be hurt by higher fuel costs, even as escalating geopolitical tensions in the Middle East are not expected to dent ticket sales, analysts said.

Local airlines may feel heat from rising oil prices as Middle East tensions simmer — analysts

Former prime minister Tun Dr Mahathir Mohamad said on Tuesday that the Malaysian Anti-Corruption Commission (MACC) has accused him of abusing power for personal gain.

Mahathir claims MACC accuses him of power abuse for personal gain

Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.

Loke says MMC Port free to sell stake to foreign firms, but govt has to be notified of shareholding changes

Dutch airspace was almost completely closed for nearly three hours late on Monday and early on Tuesday due to a technical outage of air traffic control systems, local authorities said.

Technical outage crippled Dutch air traffic for hours, authorities say

The Ministry of Finance (MOF) has registered the proposed construction of a new highway alignment that will connect Tanjung Malim to Lumut.

Confirming the matter, Menteri Besar Datuk Seri Saarani Mohamad said the construction of the highway is necessary to facilitate export logistics services through the Lumut Maritime Industrial City (LuMIC) when the High Technology Automotive Valley (AHTV) project in Tanjung Malim begins operation.

Perak proposes new highway between Tanjung Malim and Lumut

The collective wealth of tycoons listed on the 2024 Forbes Malaysia Rich List increased by a modest 2% to US$83.4 billion (RM398.8 billion), according to Forbes Asia.

Wealth of Malaysia’s 50 richest individuals on Forbes list rises 2% — Forbes Asia 

Datuk Abdul Rahman Ahmad will return to Permodalan Nasional Bhd (PNB) as its president and group chief executive effective July 1, 2024, the government-linked investment company said.

CIMB’s Abdul Rahman Ahmad returns to PNB as president, group chief executive

E-government services providers MyEG Services Bhd and HeiTech Padu Bhd have formed a partnership to collaborate on IT projects in Malaysia.

According to separate bourse filings from both companies on Tuesday, MyEG and HeiTech Padu have inked a teaming agreement for the collaboration.&nbsp;

MyEG, HeiTech Padu form partnership to collaborate on IT projects

CIMB Group Holdings Bhd, Malaysia’s second-biggest banking group by assets, said on Tuesday its chief executive Datuk Abdul Rahman Ahmad will step down on June 30.

CIMB says CEO Abdul Rahman Ahmad stepping down on June 30

Alliance Bank Malaysia Bhd’s (ABMB) net profit is expected to jump by 37.3% year-on-year (y-o-y) to RM179 million for the fourth quarter ended March 31, 2024 (4QFY2024), according to AmInvestment Bank Research.

AmInvestment sees Alliance Bank’s 4Q earnings jump by 37% y-o-y

Analysts are positive on Malaysia’s pilot green power exports to Singapore using existing infrastructure in both countries, following establishment of the platform enabling cross-border trading of green electricity, the Energy Exchange Malaysia (Enegem).

Analysts positive on pilot green power exports to Singapore; name Tenaga, YTLP as top picks

The Ministry of Transport clarified on Tuesday that the higher contract value of RM190.01 million awarded to HeiTech Padu Bhd for Road Transport Department (JPJ) services was only due to a longer extended contract duration.

Loke: Higher contract value awarded to HeiTech Padu due to longer extended duration

The automotive industry is not exactly the place one would want to be in the next few years.

Competition among manufacturers of internal combustion engine vehicles, battery electric vehicles (EVs) and hybrid cars has been ongoing for more than a decade now. Last year, some certainty fin...

Alternative Views: Automotive industry feels heat from intensifying EV price war

Carlo Rino Group Bhd has filed for an initial public offering (IPO) that would raise more funds for the apparel company as part of its listing transfer to the ACE Market from the LEAP Market.

Carlo Rino files draft prospectus for listing transfer to ACE Market

Transport Minister Anthony Loke Siew Fook said his ministry has no objection to MMC Corp Bhd divesting a stake in MMC Port Holdings Sdn Bhd, including to foreign entities, as long as it does not contravene the government's policy that requires 51% ownership of major national assets to remain with local companies.

Singapore’s Prime Minister Lee Hsien Loong is stepping down on May 15 after two decades in office. Lee, 72, will hand the reins over to his deputy Lawrence Wong, 51, in a widely-telegraphed transition.

What observers are saying as Singapore’s Lee paves way for next PM Wong

China said it believed Iran could "handle the situation well and spare the region further turmoil" while safeguarding its sovereignty and dignity, referring to an attack on Iran's embassy in Syria and its retaliatory strike over the weekend.

Iran able to 'handle situation' and spare Middle East more tension, China's foreign minister says

Former prime minister Tan Sri Muhyiddin Yassin has requested for a bench of five Court of Appeal (COA) judges to hear his review against the court’s own decision to reinstate abuse of power charges involving RM232.5 million against him.

Muhyiddin seeks five-judge bench to hear criminal charges review

Bursa Malaysia ended the morning session lower on Tuesday, in tandem with the weaker regional performance due to a broad sell-off on Wall Street overnight, said an analyst. &nbsp;

Bursa ends morning session lower along with regional peers

KTI Landmark Bhd (KTI) has signed an underwriting agreement with M&amp;A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia Securities Bhd.

In a statement on Tuesday, the Sabah-based integrated property developer said the initial public offering (IPO) comprises a public issue of 160 million new shares and an offer for sale of 45 million existing shares, representing 20% and 5.6% of the enlarged share capital of KTI respectively.

KTI Landmark inks underwriting deal with M&A Securities en route to ACE Market listing

European Commission President Ursula von der Leyen is unleashing a barrage of trade restrictions against China as she seeks to follow through on a pledge to make the EU a more relevant political player on the global stage.

EU goes on China trade offensive after getting ‘played’ 

RHB Retail Research said Cosmos Technology International Bhd has confirmed a bullish setup after breaking past a key resistance on strong volume.

Cosmos Technology has confirmed bullish setup, says RHB Retail Research 

EP Manufacturing Bhd's (EPMB) shares climbed on Tuesday and marked their best day in 10 months after the Shah-Alam based auto parts maker signed an assembly deal with a Chinese carmaker.

EP Manufacturing shares chart best day in 10 months after assembly deal

RHB Retail Research said Notion VTec Bhd is looking to extend upside movement after staging a bullish breakout.

Notion VTec aiming to extend upside movement — RHB Retail Research 

Gold is set to reach US$3,000 (RM14,381.71) an ounce over the next six to 18 months on increasing investor inflows amid expectations that the Federal Reserve will eventually cut interest rates, Citigroup Inc said, adding to a roll call of Wall Street banks that have raised forecasts.

City & Country

‌‌

‌
‌