Daily Industry News Upate (6 February 2021)


New highway will do untold damage to Petaling Jaya

I have been a resident of Petaling Jaya for 50 years. I’m part of the Concerned Residents Group of Section 14, Petaling Jaya, who will be affected by the Petaling Jaya Dispersal Link or PJD Link (the highway formerly known as Kidex). We residents, residing nearby and along the corridor,

Malaysia’s GDP, public investment to suffer sharp contractions since ‘98

Malaysia’s GDP growth and public investment in 2020 are forecasted (2020F) to suffer the sharpest contractions since the 1998 Asian Financial Crisis (AFC) at -5.7% and -19.8% respectively, according to the Malaysian Rating Corp Bhd (MARC). MARC said all GDP

Jakel plans skyscraper in vicinity of Petronas Twin Towers

The property development arm of textile wholesaler and retailer Jakel Group is planning to build a 74-storey-tall building within the Golden Triangle near the Petronas Twin Towers in Jalan Pinang. Sources peg the gross development value (GDV) of the development — adjacent

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