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Gamuda Bhd’s involvement in road and public transportation projects under the Penang Transport Master Plan Strategy has been extended by the Penang state government to August 30, 2018. The extension was given under the condition of the initial award remaining unchanged. The project comprises a railway and highway network estimated to cost RM39 billion, three…

The Tanjung Bungah Residents’ Association is calling on the Penang government to withdraw its 10.53km North Coastal Paired Road (NCPR) project from Tanjung Bungah to Telok Bahang. Residents have objected based on several reasons, including lack of proper cost-benefit analysis and justification for the stretch, no proper public consultation as the perception survey conducted by…

Telekom Malaysia Bhd (TM) and Iskandar Regional Development Authority (IRDA) have signed a memorandum of understanding agreement for smart services deployment and delivery in Iskandar Malaysia (IM). The agreement will enable TM to implement suitable smart services such as safety and security, smart mobility, city-wide services, energy and facilities management, as well as a citizen’s…

Taman Tugu is to be managed as an urban forest park for the benefit of the people. The rainforest park project is behind the Tugu Negara and is expected to be ready in 2020, with the urban forest park component to open in 2019. The park will feature restaurants, a camping area, canopy walks, zip…

Five more ports in Malaysia and China are set to join the alliance of such facilities between the two countries, bringing the total number in the partnership to 21. The new additions are Kemaman Port, Sabah Ports Authority and Kuching Port Authority, as well as China’s Tianjin Port and Qingdao Port. The Malaysian authorities are…

The Malaysian Government has launched a new school building project in Chow Kit, Kuala Lumpur for street children and those from poor families. The RM30 million project will provide better facilities for Sekolah Bimbingan Jalinan Kasih. The project, involving the construction of a hostel and a seven storey academic building, is expected to be completed…

The Datai Langkawi forest and beach resort has closed for a 10 month restoration project. The resort’s guestrooms, suites, and villas will undergo renovations and the retail space will be refreshed while the overall landscaping will be enhanced. Moreover, a nature centre, extra spa pavilions, and a fitness centre by the beach will be constructed….

Aeon Co (M) Bhd is set to open more malls including one in Kuching, Sarawak by 2Q18 after seeing improvement in consumer sentiment in the retail sector. The company also plans to set up one or two more malls in Peninsular Malaysia within the next three years. (The Star, 8/9/2017)

The operators of the Central i-City shopping centre are confident the mall will reach a 100% occupancy rate by the time it opens in October 2018. The RM850 million mall is a joint venture (JV) between Thailand-based Central Pattana Public Co Ltd and I-Bhd. CPN Ventures Sdn Bhd, and the JV company is targeting both…

Amanahraya Real Estate Investment Trust (REIT) is acquiring Vista Tower, with a current occupancy rate of 74.4%, on Jalan Tun Razak, Kuala Lumpur, for RM455 million. AmanahRaya-Kenedix REIT Manager Sdn Bhd, the REIT’s management company, has entered into a conditional sale and purchase agreement with The Intermark Sdn Bhd for the proposed acquisition. (The Edge…

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Jones Lang Wootton