News by M

Noteworthy:

• Freehold
• Built-up size: 8,877 sq ft
• Semi-furnished
• Nearby amenities: NU Empire, Subang Parade, Subang Ria Park, Sri Kuala Lumpur International School, INTI International University
• Accessibility: Federal Highway, LDP, NKVE, Subang-Kelana Jaya Link

When: December 2024

Data centres in Malaysia may see their electricity bills rise by up to 15% under the new power tariff structure, analysts said.

S P Setia Bhd’s latest commercial development Nadi (Phase 3A) was launched on June 22 and it recorded 70% take-up during the weekend event. Nadi is located at Setia EcoHill 2 in Semenyih.

Come September, the LRT3 will go live, linking new areas in Petaling Jaya, Shah Alam and Klang to the comprehensive Klang Valley urban rail network.

Samaiden Group Bhd is buying about 185.57 hectares (458 acres) of leasehold land in Teluk Intan, Perak, for RM45.5 million as part of its plan to expand its solar farm projects.

Gamuda Bhd (KL:GAMUDA) climbed to its highest in nearly six months on Tuesday after the group announced it had secured a renewable energy (RE) project in Tasmania, Australia. Its share price rose 18 sen or 3.76% to RM4.97, valuing the company at RM28.68 billion.

The Penang government, through its investment promotion arm InvestPenang, on Tuesday launched the Silicon Research & Incubation Space (SRIS) and announced several chip innovations by its occupants.

The High Court has set Aug 6 for the mention of the Malaysian Anti-Corruption Commission’s (MACC) application to forfeit Ilham Tower, the skyscraper owned by the late Tun Daim Zainuddin's family.

Property developer Avaland Bhd (KL:AVALAND) plans to acquire a 2.17-acre plot of land in Section 13, Petaling Jaya, to undertake a high-rise commercial development with an estimated gross development value of RM320 million.

Property and plantation outfit Ayer Holdings Bhd (KL:AYER), formerly known as TAHPS Group Bhd, has promoted its deputy group CEO Joanne Lee Sor Phaik to succeed Chua Seng Yong, who is retiring.