PARIS (April 18): With the Paris Olympic Games 100 days away, police carried out a large-scale eviction at France's biggest squat in the south of the country's capital. Authorities, including dozens of gendarmes, cleared out the makeshift camp at an abandoned bus company headquarters in Vitr...

French police evict hundreds from abandoned Paris warehouse ahead of Olympics - report

JAKARTA (April 18): China and Indonesia have pledged to strengthen economic ties and maintain peace and stability in the region, China's Foreign Minister Wang Yi said on Thursday, after a meeting with his Indonesian counterpart, Retno Marsudi, in Jakarta.

China foreign minister says Beijing and Jakarta want regional peace and stability

When workers are hit by more than one lay-off in a short span, it can leave them questioning not only their career choices, but themselves. 

About a month into his new job as a marketing coordinator this year, Nygel Jones mulled writing a celebratory post on LinkedIn. Having been laid off twice in the past three years, though, he hesitated, fearing he might jinx the new gig. Jones eventually sent the post, which said that “after a year of uncertainty, it’s nice to have a moment of relief”.

Lay-off whiplash scars workers who find new jobs only to lose them

Malaysia needs to restructure the whole ecosystem of technical and vocational education and training (TVET) programmes, so that it can effectively meet the industry’s requirements, said Federation of Malaysian Manufacturers (FMM) president Tan Sri Soh Thian Lai.

Revamp needed for TVET ecosystem to reduce mismatch, says FMM president

Bursa Malaysia Bhd’s wholly-owned Bursa Carbon Exchange (BCX) will hold its inaugural auction of renewable energy certificates (RECs) on June 25 to support Malaysia’s energy transition plans and corporates’ net-zero aspirations.

Bursa to hold auction of maiden RE certificates June 25

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

Federal Court dismisses MBPJ’s appeal on residents' boom gate operation

(April 17): The Biden administration is expected to grant a request by South Korea’s Hanwha Qcells to reverse a two-year-old trade exemption that has allowed imports of a dominant solar panel technology from China and other countries to avoid tariffs, two sources familiar with the White House plans said on Wednesday.

US plans to restore tariffs on dominant solar technology, sources say

ACE Market-bound Sin-Kung Logistics Bhd, which launched its initial public offering (IPO) on Thursday, said that demand for trucking services remains intact amid higher logistics costs and economic uncertainty.

Sin-Kung expects demand for trucking services to stay intact amid higher logistics costs, economic uncertainty

Monthly Swiss watch exports suffered their biggest decline since 2020 as demand for premium and luxury timepieces in key markets including China and Hong Kong plunged.

Exports dropped 16% by value in March to two billion Swiss francs (RM10.49 billion) from a year earlier, the Federation of the Swiss Watch Industry said on Thursday.

Swiss watch exports plunge as China, Hong Kong demand dries up

Sunway Property, the property arm of Sunway Bhd, will hold a preview of the RM1.8 billion Sunway Velocity 3 by the end of this month.

The project, which is the latest phase in the integrated development of Sunway Velocity Kuala Lumpur, will be a serviced residence with co-living-ready f...

Sunway Property to preview Sunway Velocity 3 this month

The Malaysian aviation industry may be badly impacted on passenger traffic and spikes in jet fuel prices if a full-blown war results from escalating geopolitical tensions in the Middle East, according to Maybank Investment Bank Research (Maybank IB).

Malaysia's aviation industry at risk amid full-blown crisis in Middle East — Maybank IB

Shares of PIE Industrial Bhd extended its rally to a new all-time high on Thursday, after Kenanga Investment Bank flagged that the electronic services firm has secured a new client that will take up the entirety of its largest facility.

PIE Industrial extends rally to new all-time high as Kenanga flags new client

Several Malaysia Airlines and AirAsia flights between Sabah, Sarawak, and Kuala Lumpur International Airport (KLIA) were cancelled on Thursday due to volcanic eruption at Mount Ruang, Indonesia.

Malaysia Airlines, AirAsia cancel flights to Sabah, Sarawak after volcano eruption in Indonesia

The race for the “world’s best airport” crown has been a two-horse affair in recent years, with Doha’s Hamad International and Singapore Changi leading the pack.

Singapore loses ‘world’s best airport’ crown to Qatar

Alphabet Inc’s Google has put more than two dozen employees on immediate administrative leave after they were involved in protests against Project Nimbus, a US$1.2 billion (RM5.7 billion) joint contract with Amazon.com Inc to provide the Israeli government with AI and cloud services.

Google fires workers protesting US$1.2b Israeli contract

Feytech Holdings Berhad (Feytech) has entered into an underwriting agreement with TA Securities Holdings Berhad and AmInvestment Bank Berhad (joint underwriters) for the company’s Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad.

Feytech inks underwriting agreement with TA Securities, AmInvestment en route to Main Market IPO  

Gold prices may correct amid potential delay in the anticipated rate cuts by the US Federal Reserve, Philip Capital warned on Thursday and advised investors to stop buying Malaysia’s sole gold exchange-traded fund (ETF).

Stop buying gold ETF as prices may correct — Philip Capital

Apple Inc chief executive officer Tim Cook will meet Singapore’s leader at the tail end of his most extensive Southeast Asia tour in years, searching for new growth markets and manufacturing locations to offset headwinds in China.

Apple CEO to meet Singapore leader to wrap whirlwind Asia tour

Sin-Kung Logistics Bhd has started taking orders from investors for its initial public offering (IPO) that may raise up to RM39.5 million ahead of its listing on Bursa Malaysia’s ACE Market.

Sin-Kung Logistics launches ACE Market IPO to raise RM39.5 mil

President Joe Biden called China “xenophobic” while highlighting the Asian nation’s economic woes, as he sought to make the case for US economic strength during a campaign stop in the swing state of Pennsylvania.

Biden calls China ‘xenophobic’, ramping up 2024 campaign rhetoric

Research analysts covering IGB Real Estate Investment Trust (IGB REIT) remained sanguine on the stock’s prospects after it reported a 4.79% jump in its net property income (NPI) for the first quarter ended March 31, 2024 (1QFY2024) to RM124.24 million, from RM118.55 million a year earlier, thanks largely to higher rental income.

Analysts remain sanguine on IGB REIT’s prospects going forward

KUALA LUMPUR (April 18): Smart Asia Chemical Bhd has signed an underwriting agreement with Mercury Securities Sdn Bhd for the company’s initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd.

Smart Asia Chemical inks underwriting agreement with Mercury Securities en route to ACE Market IPO

Hong Leong Investment Bank (HLIB) research said Cloudpoint Technology Bhd is well positioned to capitalise the burgeoning demand for cyber security solutions post-passage of the cyber security bill which was passed in Dewan Rakyat on April 3.

HLIB: Cloudpoint well positioned to capitalise burgeoning demand for cyber security solutions

Asian stocks crept higher in a mixed session on Thursday, while the dollar took a breather and bond markets steadied as investors stepped back to assess the interest rate outlook.

Asian stocks mixed as soaring dollar pauses

Alphabet-owned Google&nbsp;is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.

Google lays off employees, shifts some roles abroad amid cost cuts

Bursa Malaysia turned mixed at the midday break on Thursday with the key index ending the morning session in positive territory, in tandem with regional markets, said a dealer.&nbsp;

Bursa mixed at midday break, key index up

KUALA LUMPUR (April 18): Food and supplement company OB Holdings Bhd said on Thursday that it has secured approval from Bursa Malaysia for an initial public offering (IPO) on the bourse’s ACE Market, to raise funds for expansion.

OB Holdings gets approval for ACE Market IPO, targets listing in 4Q

Axiata Group Bhd, Malaysia’s largest telecommunications company by revenue, and India’s Bharti Airtel Ltd signed a definitive agreement on Thursday to combine their Sri Lankan operations.

Malaysia’s Axiata, Bharti Airtel of India to combine Sri Lankan ops

The Federal Court on Thursday dismissed an appeal by the Petaling Jaya City Council (MBPJ) over the Court of Appeal’s decision last year that decided that non-paying members in a residential area (RA) could raise the boom gates at the entrance to the housing area themselves without the security guards' assistance.

The stock market saw its longest losing streak since January as a handful of big techs sold off — despite a slide in bond yields.

S&P 500 suffers its longest slide since January

PETALING JAYA (May 24): The Real Estate and Housing Developers' Association (Rehda) Malaysia has lost a mentor and a pillar of support following the passing of Datuk Teo Chiang Quan, Paramount Corp Bhd chairman and executive director, said Rehda president Datuk Soam Heng Choon (pictured).

The passing of Datuk Teo Chiang Quan: We have lost a great leader, says Rehda

A total of 75% of developers are seeing declining work efficiency due to the Covid-19 pandemic, thus impacting their construction progress of existing developments, a survey by Real Estate and Housing Developers Association Malaysia (Rehda) Malaysia showed.

Rehda survey: 75% of developers see construction progress affected due to Covid-19 and MCO

Permodalan Nasional Bhd (PNB) has sold Menara MIDF in Jalan Raja Chulan to Singapore-based JD Hospitality Sdn Bhd, The Edge Malaysia weekly reported in its latest issue.

Menara MIDF sold to Singapore-based group — sources

Developers should rethink their building strategies for high-rise strata properties especially in terms of density in relation to safety and disaster management issues.

"This is going to be their biggest challenge moving forward. The [COVID-19] pandemic may end with lifestyles returning to normal, but while we are concentrating only on the pandemic, that does not mean something else will not happen. How are we going to manage if other disasters happen?" asked Solaris Dutamas Management Corporation (MC) chairman Datuk Nabhesh Khanna during EdgeProp Malaysia's Virtual Fireside Chat entitled “Inside story: Managing high-end strata homes” on Facebook Live this evening.

Note to developers: Reconsider building strategies post pandemic

The Strata Management Act (SMA) should be reviewed to include the duties and responsibilities of strata building management committee members and chairman, urged Sri Penaga Condominium Management Corporation (MC) past chairman Khaw Chay Tee.

He said many people who become committee members of Joint Management Bodies or Management Corporations get on board not knowing what to do

SMA should define duties of JMB/MC committee members

Should there be a limit to a strata management committee's power especially with regards to the usage of the sinking fund?

Although existing laws do not impose legal limitations on a committee's powers, Solaris Dutamas Management Corporation (MC) chairman Datuk Nabhesh Khanna said a cap should perhaps be put on the usage of the sinking fund at any one time

Should there be a limit to an MC's use of the sinking fund?

The implementation of the Movement Control Order (MCO) to curb the spread of the COVID-19 pandemic from March 18 to May 4 had undeniably posed numerous challenges to Joint Management Bodies (JMBs) and Management Corporations (MCs) of strata properties.

The biggest challenge was to manage the residents' expectations during the lockdown period. Communication was crucial as many did not understand that the things that they used to do in normal days were being prohibited, said Sri Penaga Condominium MC past chairman Khaw Chay Tee.

MC chairmen: Making strata residents understand SOPs was the main challenge during lockdown

At a glance, the outside of a building may look fantastic. However, things may not be as rosy on the inside. And given the ongoing COVID-19 outbreak, we are spending more time indoors. How do we know if the building is ‘healthy’ or that our homes are safe?

According to Architect Centre Sdn Bhd accredited architect and trainer Anthony Lee Tee, a house could be your biggest single purchase - a dream purchase. “Most of the time, people tend to buy from the heart. We see parts [of the property] that we want to see, either beautiful landscaping or nice facilities. In fact, we could buy into a property where beauty is just skin deep but comes with many frivolous facilities,” shared Lee on EdgeProp Malaysia’s Virtual Fireside Chat titled "Stop! Are you destroying your property value?" on Facebook Live this evening. He also shared some insights obtained as a fellow judge on EdgeProp Malaysia’s Best Managed and Sustainable Awards over the years.

Ignore frivolous features when buying a property

Since the outbreak of COVID-19, one fundamental change for residential properties is that they have also become a workplace or the office to many people.

“As COVID-19 has forced more people to work or do business from home, residential properties have doubled up as commercial space, or even for industrial usage, depending on what you are doing, it could even be a warehouse,” offered Chur Associates founder and managing partner Chris Tan during EdgeProp Malaysia's Virtual Fireside Chat titled "Stop! Are you destroying your property value?" held this evening

Is your home still considered home following COVID-19?

Choosing a building that was designed for easy maintenance is one of the key attributes of building value in a property investment, according to the panel of experts featured on EdgeProp Malaysia's Virtual Fireside Chat titled “Stop! Are you destroying your property value?” held this evening.

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