Daily Industry News Update (13 March 2021)

INDUSTRY NEWS (13 MARCH 2021)

How the Covid-19 pandemic has affected foreign developers in Johor

It is no secret that mega developments by foreign developers, particularly from China, were sprouting up in Johor prior to the Covid-19 pandemic. Notable projects include Chinese developer Country Garden’s Danga Bay and Forest City in Iskandar Malaysia. More recently, last

Muhammad Nizam Alias says yet to receive notice of termination as Prasarana CEO, president — report

Muhammad Nizam Alias said in a statement today that he has yet to receive any formal notice from Prasarana Malaysia Bhd regarding his termination as its chief executive officer (CEO) and president. In an article in MalaysiaKini citing the statement, Muhammad Nizam had also urged

Malaysia property stocks flash bullish sign as rally mounts

A rally in Malaysian developers’ shares is gathering pace as they head for the longest streak of gains this year. Gromutual Bhd soared as much as 22 per cent to the highest level since October 2018, while Eco World Development Bhd, MCT Bhd and Hua Yang Bhd rose more than 5 per

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