ZADC
Nestle sells PJ factory and chilled dairy business for RM155.3mil
COMPANY WILL USE PROCEEDS TO INVEST IN WORLD’S LARGEST MILO PLANT IN NEGERI SEMBILAN Global food product producer Nestle is offloading its landmark factory and chilled dairy and manufacturing business in Petaling Jaya, Selangor, to make its Milo factory Chembong, Negeri Sembilan, the largest of its kind the world.... Read more
Coming soon: World’s largest underwater restaurant
AS CONSTRUCTIONS NEARS COMPLETION FOR THE APTLY NAMED “UNDER”, A LITTLE NORWEGIAN TOWN IS POISED TO MAKE IT ON THE WORLD MAP The North Sea, long considered harsh and unforgiving, will soon play host to one of the world’s greatest Atlantean dining experiences. Five meters below the surface of... Read more
Sparing a thought for the KL of tomorrow
KUALA LUMPUR HOSTS THE 10TH WCSC, ADDRESSES URBAN PRESSURE OF ECONOMIC GROWTH The International Conference on World Sustainable Class Cities (WCSC 2018) returned to Kuala Lumpur recently, once again exploring challenges and potential solutions to our ever-changing urban landscape, and how we can approach the future with liveability and... Read more
LBS makes Top Honour list at ‘best brands’ award
COMPANY CONTINUES RUN AGAINST THE GRAIN OF A SLOW ECONOMY WITH A STRING OF SUCCESSES Township developer LBS Bina Group Berhad (LBS) was recently honoured with two awards for its exemplary practices at The BrandLaureate Prominent Business BestBrands Award 2018. Recognised for going beyond the call of duty in... Read more
Nam Lean appointed main-con for Golden Gateway in Penang
WORK BEGINS ON THE AWARD-WINNING GOLDEN GATEWAY PROJECT IN THE VIBRANT INDUSTRIAL DISTRICT OF BATU KAWAN The promise of a forward-thinking medium industrial development that puts strong focus on solution-based design is already underway, as construction on the RM155 million Golden Gateway project officially got off the mark with... Read more
Newsflash: Better home discounts for firemen
The government is looking to recognise the service and dedication of firemen in the country by subsidising a portion of the cost of affordable homes for staff of the Fire and Rescue Department (Bomba). Earlier this week, Housing and Local Government Minister Zuraida Kamaruddin said the government could allocate... Read more
Debt issues emerge for Singapore’s small construction firms
A recent Bloomberg report highlighted that small construction firms in Singapore are likely to face more difficulties repaying debt as a clampdown on property speculation worsens their already tight liquidity. The overall economy in the Island Republic grew at a slower pace in the second quarter than initially projected... Read more
Setia reaches out to wider community with extended link
EXTENSION OF ECOHILL LINK 2 DELIVERS BETTER CONVENIENCE AND EASY ACCESS TO PARKS FOR RESIDENTS OF SEMENYIH, SAYS DEVELOPER The extension of EcoHill 2 Link at Setia EcoHill 2 in Semenyih, will offer better convenience and accessibility for the residents of Beranang and its surrounding neighbourhood, says SP Setia... Read more
UM Land delivers completed Suasana Iskandar Malaysia
COMPANY LAUNCHES MUCH-AWAITED MIXED-USE DEVELOPMENT IN ISKANDAR MALAYSIA, GIVES JB CITY CENTRE TRANSFORMATION PLANS A BOOST Multi award-winning developer United Malayan Land Bhd (UMLand) launched the much-awaited Suasana Iskandar Malaysia (Suasana IM) this week, showing confidence and breaking the norm by completing the project before offering it to the public.... Read more
Dark days for apartments and SoHos
MOST MARKET WATCHERS POINT FINGER AT PREVALENT STRINGENT FINANCING REGIME FOR CURRENT OVERHANG SITUATION All is not well for apartments and SoHos on the property landscape and unflattering official numbers are telling us exactly why. The National Property Information Centre’s (Napic) report on the property overhang for the first... Read more