Latest news with #Azmar
Barnama
11 hours ago
- Business
- Barnama
Maal Hijrah: Azmar Talib Honoured For Championing Islamic Economy In Melaka
MELAKA, June 27 (Bernama) -- A strong passion for economics and real estate, along with years of trusted service, has earned Datuk Azmar Talib the Melaka Tokoh Maal Hijrah 2025 award. The 65-year-old from Masjid Tanah received the Abu Bakar As-Siddiq Award in recognition of his contributions to Islamic economic development and efforts to modernise waqf and zakat management in the state. Azmar said he still has several ideas to help improve the economy of Muslims in Melaka, especially the asnaf group. 'Waqf (endowment made by Muslims for charitable or religious purposes) properties must be developed and managed efficiently to benefit the community and this is what I'm working on with JAIM and Tabung Haji,' he said after receiving the award during the state Maal Hijrah celebration at Masjid Al-Hakeem, Kampung Tehel here last night. The ceremony, officiated by Yang Dipertua Negeri Tun Mohd Ali Mohd Rustam, was attended by state leaders and over 3,000 people. Azmar, who once served as CEO of TRX City Sdn Bhd, hopes more Muslims will go into business, following the Sunnah of the Prophet in building a strong economy. He said his current roles in the Melaka Islamic Religious Council (MAIM) and the State Economic Action Council (MTENM) allow him to help strengthen both the state's economy and Islamic affairs. 'We are still economically behind and often rely on aid because many of us work for others. I believe zakat and waqf assets should be better utilised through investments, and the returns can help Muslims start businesses,' he said. Azmar was one of 12 recipients of the Maal Hijrah 1447H/2025M awards.
New Straits Times
a day ago
- Business
- New Straits Times
TRX City breaks ground on 39-storey tower, PwC named anchor tenant
KUALA LUMPUR: TRX City Sdn Bhd has commenced construction on a new 39-storey office tower at Tun Razak Exchange (TRX), further cementing its status as Malaysia's International Financial Centre. Targeted for completion in 2029, the tower will meet global standards with features such as flexible floorplates, multi-tiered security, direct MRT connectivity, and WELL Core and Shell certification—emphasising occupant health and wellbeing. At the groundbreaking ceremony, TRX City CEO Datuk Azmar Talib announced that PricewaterhouseCoopers Malaysia Holdings Sdn Bhd (PwC) will serve as the anchor tenant. The firm will move its headquarters from KL Sentral to the new tower, taking up at least 200,000 sq ft of net lettable area. "The firm's decision to move its headquarters here is a strong endorsement of TRX as the preferred premium international business address," Azmar added. Following a binding head of terms signed in November 2024, TRX City and PwC aim to finalise the definitive agreement to build and lease by the end of the second quarter of 2025. TRX has delivered over 9 million sq ft of gross floor area covering office, retail, hotel and residential components. "Today, we are proud to report that retail is nearing full occupancy, residential projects are more than 95 per cent sold, and office buildings currently in operation have reached close to 80 per cent occupancy based on NLA. "In just over a year, more global companies are choosing TRX. This includes Ant International, Bin Zayed International (M) Bhd, and MUFG Investor Services. Signalling strong trust in Kuala Lumpur's potential as a business and financial hub," Azmar added. To fund the new development, TRX City is in the midst of securing up to RM660 million in financing, with Affin Bank Bhd pledging RM250 million.
The Sun
a day ago
- Business
- The Sun
TRX to complete 10th tower by 2Q 2029 amid rising demand
KUALA LUMPUR: Tun Razak Exchange (TRX) has commenced construction on its 10th commercial tower, with completion expected by the second quarter of 2029. The 39-storey development aims to meet increasing demand for high-end office space in Kuala Lumpur's financial district. TRX City Sdn Bhd chief executive officer Datuk Azmar Talib stated that the new tower aligns with strong market demand, as existing buildings in the area approach full occupancy. 'We are guided by data and demand, with strong momentum and projected full occupancy in the near term, the launch of this new tower is timely,' he said during the groundbreaking ceremony. The upcoming tower will feature flexible floorplates, multi-level security, direct access to the mass rapid transit station, and compliance with environmental, social, and governance (ESG) standards. PricewaterhouseCoopers (PwC) Malaysia has been confirmed as the anchor tenant, leasing 250,000 square feet of space for 20 years. The firm will relocate its headquarters from KL Sentral to the new TRX tower. Azmar noted that TRX has already delivered over nine million square feet of mixed-use developments, including office, retail, hotel, and residential spaces. Residential units are over 95% sold, while operational office buildings have reached nearly 80% occupancy. Global firms such as Ant International, Bin Zayed Group, and Mitsubishi UFJ Financial Group Investor Services have chosen TRX as their base, reflecting confidence in Kuala Lumpur's financial hub potential. To date, TRX has attracted over RM8 billion in investments and houses more than 20,000 knowledge workers across its 28.32-hectare site.
