KUALA LUMPUR, Jan 4 — Ikhmas Jaya Group Bhd’s unit, Ikhmas Jaya Sdn Bhd, has bagged an award worth RM166.4 million from Star Effort Sdn Bhd to develop two blocks of suite service apartments in Kuala Lumpur. In a filing to Bursa Malaysia today, the group said the development of the 375 units would be carried … Read more
The Malaysian economy expanded by 4.9% y-o-y in Q2, the smallest growth since Q4 2013. The unemployment rate remained unchanged at 3.1%. The Ringgit recorded a year-to-date drop of 27% against the US dollar, driven by the devaluation of the Renminbi amid concerns on China’s economic growth, weakened investor sentiment, and low oil prices. Investment … Read more
Urban centres situated in the outlying areas of Kuala Lumpur have seen an increasing demand for residential and commercial developments brought on by the influx of a growing urban population. Kuala Lumpur has a population of almost 2 million people but less than 200,000 live in the city centre due to its high costs. With … Read more