News

Oriental Interest Bhd Posts RM45.5 Million Profit in Q3 FY2025, Backed by Strong Property Sales

"Oriental Interest Bhd posts RM45.5 mil Q3 profit, up 80% YoY, driven by strong property sales and revenue growth from ongoing and new developments." Kuala Lumpur, 25th July 2025, 01.30pm - Oriental Interest Bhd (OIB) reported a substantial increase in net profit to RM45.48 million for its third quarter ended May 31, 2025 (3QFY2025), a 80% jump from RM25.23 million recorded in the same quarter last...

SkyWorld Launches SkyAwani PRIMA Residences in Brickfields with PR1MA and Maybank MyDeco Financing

"SkyWorld launches SkyAwani PRIMA Residences in Brickfields with MyDeco 120% financing, offering affordable KL homes with custom interior solutions." Kuala Lumpur, 24th July 2025, 01.30pm - SkyWorld Development Bhd has officially launched SkyAwani PRIMA Residences, a new PR1MA housing project in Brickfields, Kuala Lumpur. This marks the latest addition to the developer’s award-winning SkyAwani...

Nga Kor Ming Urges Apology After MACC Clears MyKiosk of Corruption Allegations

"KPKT Minister defends MyKiosk initiative after MACC clears corruption claims, urging critics to apologise and highlighting success among local traders." Kuala Lumpur, 23th July 2025, 12.30pm - Housing and Local Government Minister Nga Kor Ming has called on critics to apologise after the Malaysian Anti-Corruption Commission (MACC) found no wrongdoing in the implementation of the MyKiosk...

Malaysia and Singapore Explore Strategic Cooperation on GovTech, Housing, and Public Sector Reform

"Malaysia and Singapore to collaborate on govtech, public housing, and public sector reform, aiming to improve public service delivery and innovation." Kuala Lumpur, 22th July 2025, 10.11am - Malaysia and Singapore are taking steps toward deeper bilateral cooperation in three strategic areas: government technology (govtech), public housing, and public sector reform. The initiative aims to enhance the...

SkyWorld Breaks Ground on Penang’s Largest Affordable Housing Project Under RBB MADANI

"SkyWorld Pearlmont in Seberang Jaya launches under RBB MADANI, bringing 37,000+ affordable homes to Penang with innovative PPVC construction." Penang, 21th July 2025, 11.25am - SkyWorld Development Berhad has officially commenced construction of SkyWorld Pearlmont, its inaugural project in Penang and part of Malaysia’s largest affordable housing development under the Rumah Bakat Baru (RBB) MADANI...

Rapid KL Expands On-Demand Van Service to 12 New Zones in Shah Alam and Klang

"Rapid KL expands On-Demand van service to 12 new zones in Shah Alam & Klang, improving first- and last-mile connectivity. RM1 promo fare still applies." Selangor, 18th July 2025, 01.00pm - Rapid KL’s On-Demand van service enters a new phase starting today, with its coverage expanded to 12 additional areas across Shah Alam and Klang, enhancing first- and last-mile public transport connectivity in...

Setia Federal Hill Awarded Malaysia’s First LEED ND Platinum for Sustainable Township Development

"Setia Federal Hill becomes Malaysia’s first LEED ND V4 Platinum-certified township, setting a benchmark in sustainable, low-carbon urban development." Kuala Lumpur, 17th July 2025, 01.26pm - S P Setia Bhd’s flagship development, Setia Federal Hill in Bangsar, has become the first project in Malaysia to earn the prestigious LEED for Neighbourhood Development (LEED ND) Platinum certification under...

ECRL’s First Electric Trains to Arrive by End-2025, Says MRL CEO

"Malaysia’s ECRL project to receive first electric trains by end-2025, with testing to begin in mid-2026 and 109 students sent to China for skills training." Kuala Terengganu, 16th July 2025, 01.26pm - The East Coast Rail Link (ECRL) project will receive its first batch of electric trains by the end of this year, according to Malaysia Rail Link Sdn Bhd (MRL). The delivery will include two sets of...

REHDA Selangor Welcomes SPEED Selangor Initiative to Fast-Track Development Approvals

"REHDA Selangor backs SPEED Selangor, a new state initiative to fast-track development approvals and boost efficiency in the property sector." Kuala Lumpur, 15th July 2025, 10.40am - The Real Estate and Housing Developers’ Association (REHDA) Selangor has voiced strong support for the Selangor government’s upcoming Streamlining Programme for Expedited Approvals and Decisions (SPEED Selangor), an...

Ho Hup Subsidiary Faces Winding-Up Petition by IRB Over RM23.72 Mil Tax Debt

"Ho Hup’s unit Bukit Jalil Development faces a winding-up petition from IRB over RM23.72 mil in tax arrears; no expected impact on group operations as unit is under liquidation." Kuala Lumpur, 11th July 2025, 01.05pm - Ho Hup Construction Company Bhd announced that its wholly owned subsidiary, Bukit Jalil Development Sdn Bhd (BJD), has been served with a winding-up petition by the Inland Revenue...

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