"Suria KLCC upsizes its sukuk murabahah programme to RM2 billion, securing a AAA rating from RAM Ratings to fund shariah-compliant initiatives, showcasing KLCCP's robust financial strategy and market leadership." Kuala Lumpur, 02nd Jan 2025, 12.20pm - KLCC Property Holdings Bhd (KLCCP), through its wholly owned unit Suria KLCC Sdn Bhd, has increased its sukuk murabahah programme limit to RM2 billion...
"TNB announces a 14.2% raise in Peninsular Malaysia’s base electricity tariff for RP4 (2025-2027), with new rates set at 45.62 sen/kWh effective July 1, 2025. Tariff hike factors in fuel costs, increased capex, and energy transition goals." Kuala Lumpur, 27th Dec 2024, 11.00am - Tenaga Nasional Bhd (TNB) has revealed that the base electricity tariff for Peninsular Malaysia during the Regulatory...
"Penang announces full exemption on quit rent and parcel rent penalties for payments by Feb 28, 2025, and a 50% reduction for payments by May 31." Kuala Lumpur, 26th Dec 2024, 01.40pm - The Penang government has announced a comprehensive initiative to waive penalty arrears on quit rent and parcel rent payments. This move, aimed at easing financial burdens and encouraging prompt tax settlements, was...
"The government raises rooftop solar quotas under NEM, extends the SolaRIS rebate to April 2025, and expands eligibility for agriculture users, advancing Malaysia’s renewable energy goals." Kuala Lumpur, 24th Dec 2024, 10.42am - The government has announced an increase in rooftop solar quotas under the Net Energy Metering (NEM) programme to support renewable energy adoption for households and...
"KLCC Holdings, a Petronas subsidiary, acquires 486 acres in Bandar Malaysia, planning a long-term development into a global business hub and inclusive city." Kuala Lumpur, 23th Dec 2024, 03.41pm - KLCC (Holdings) Sdn Bhd (KLCCH), a subsidiary of national oil giant Petronas, has acquired 486 acres of land in Bandar Malaysia, Kuala Lumpur. The deal, finalized through a sale and purchase agreement signed...
"The Johor Bahru-Singapore RTS Link is 95% complete, with operations set to begin on Dec 31, 2026. The project aims to serve up to 100,000 passengers daily, enhancing cross-border connectivity and reducing congestion." Kuala Lumpur, 13th Dec 2024, 11.25am - The Johor Bahru-Singapore Rapid Transit System (RTS) Link is progressing as planned, with 95% of its infrastructure work completed by November,...
"Solid Automotive Bhd acquires 4.69 acres of freehold land in Klang for RM15.92 million from Top Glove Corp Bhd, aiming to enhance operational efficiency and consolidate distribution centres with a custom-built facility in an industrial hub near Setia Alam and Port Klang." Kuala Lumpur, 12th Dec 2024, 1.35pm - Solid Automotive Bhd has announced its acquisition of 4.69 acres of freehold land in Klang...
"S P Setia launches Setia Suria, a new phase of single-storey terraced homes in its Setia Fontaines township, Penang. Priced from RM430,000, the project spans 49.55 acres, offering 333 modern homes with a GDV of RM280 million. Completion is set for December 2026." Kuala Lumpur, 11th Dec 2024, 1.40pm - S P Setia Bhd has launched its latest residential phase, Setia Suria, a collection of freehold,...
"UEM Sunrise is set for a strong comeback in 2025, driven by its flagship developments in Iskandar Puteri, updates on the Gerbang Nusajaya master plan, and the Johor-Singapore Special Financial Zone (JS-SEZ). Maybank IB highlights its potential growth, noting the company's strategic land bank near Singapore and readiness to capitalize on industrial property demand." Kuala Lumpur, 10th Dec 2024, 10.40am...
"Pahang is considering installing solar panels on PR1MA homes to reduce electricity costs for residents. The initiative, discussed with Tenaga Nasional, awaits approval as the state pushes for sustainable, energy-efficient housing solutions." Kuala Lumpur, 09th Dec 2024, 10.30am - The Pahang government is evaluating the installation of solar panels for PR1MA housing projects as part of its effort to...
