Latest news with #RM99
The Star
5 hours ago
- The Star
Woman loses jewellery to monkeys
Compiled by JUSTIN ZACKN, and R. ARAVINTHAN A WOMAN in India nearly lost two million Rupees (RM99,000) worth of gold jewellery to a troop of monkeys looking for food at a temple, Makkal Osai reported. The woman was on her way to a temple in Uttar Pradesh with her family when she took off her jewellery and kept them in a handbag for safekeeping. As they were leaving the temple, the monkeys went close to the family and grabbed the bags they were carrying, looking for food. Unfortunately one of the bags taken was the woman's handbag with the jewellery and the panicked family began looking for the monkey with the bag and also alerted the police. The monkey then discarded the bag of jewellery in a field nearby. It was recovered by the cops a few hours later and returned to the owner. (The above articles are compiled from the vernacular newspapers (Bahasa Malaysia, Chinese and Tamil dailies). As such, stories are grouped according to the respective language/medium. Where a paragraph begins with a >, it denotes a separate news item.)
Daily Express
28-05-2025
- Business
- Daily Express
Titijaya to acquire two properties in Sabah
Published on: Wednesday, May 28, 2025 Published on: Wed, May 28, 2025 By: Bernama Text Size: The first proposed acquisition for RM99 million involves the purchase of a parcel of land with foundation works fully completed, and two blocks of 19-storey purpose-built student accommodation buildings comprising 513 apartment-style units that can accommodate 3,078 students. - Titijaya Land Bhd's website Kuala Lumpur: Titijaya Land Bhd (Titijaya) has proposed to buy two property assets in Kota Kinabalu, Sabah, for RM105 million, further deepening its foray into Sabah and the wider East Malaysia region. The urban lifestyle property developer said both properties are located side-by-side and adjacent to Universiti Malaysia Sabah (UMS) and the upcoming Hospital UMS, with both acquisitions expected to be completed within nine months. 'The strategic location of these assets - offering strong connectivity to both UMS and the future hospital - makes the area a highly desirable locality in Kota Kinabalu,' it said in a statement. The first proposed acquisition for RM99 million involves the purchase of a parcel of land with foundation works fully completed, and two blocks of 19-storey purpose-built student accommodation buildings comprising 513 apartment-style units that can accommodate 3,078 students. The second proposed acquisition, for RM6 million, involves a parcel of land with an existing building structure intended for the Bangunan Koperasi UMS project. The original development plan would have seen the construction of a 14-storey apartment building with 476 apartment units, a one-storey shop lot with 38 units, and a three-storey car park podium. Advertisement 'However, the project has not been completed and has since been abandoned. Following the acquisition, the group intends to resume the project to develop new residential properties,' it said. Titijaya Group managing director, Datuk Lim Poh Yit, said the acquisition aligns with the group's environmental, social, and governance (ESG) and sustainability approach to real estate development. 'This move also aligns with our broader growth strategy to diversify our revenue streams and customer base, and extend our footprint beyond the Klang Valley. We believe that these two assets will enable us to benefit from rising demand for housing accommodation in the surrounding area and boost contributions from recurring income to our revenue,' he added. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
27-05-2025
- Business
- Daily Express
Titijaya Announces Proposed Acquisition Of Residential Property Assets In Kota Kinabalu, Sabah For RM105 Million
Published on: Tuesday, May 27, 2025 Published on: Tue, May 27, 2025 Text Size: Kuala Lumpur: Urban lifestyle developer Titijaya Land Berhad ('Titijaya' or the 'Group') announced the proposed acquisition of two (2) property assets in Kota Kinabalu for a total of RM105 million, further deepening its foray into Sabah and the wider East Malaysia region. The first proposed acquisition, for RM99 million, involves the purchase of a parcel of land with foundation works fully completed, and two (2) blocks of 19-storey purpose-built student accommodation buildings comprising 513 apartment-style units. Together, the apartment blocks have a total capacity to accommodate 3,078 students. Following the acquisition, Titijaya intends to operate the completed buildings and complete the remaining project works, tapping into the existing and rising demand for student and housing accommodation in the surrounding area. The second proposed acquisition, for RM6 million, involves a parcel of land with an existing building structure originally intended for the Kompleks Koperasi UMS project, launched in 2012. The original development plan would have seen the construction of a 14-storey apartment building with 476 apartment units, a one-storey shop lot with 38 units, and a three-storey car park podium. Advertisement However, the project has not been completed and has since been abandoned. Following the acquisition, the Group intends to resume the project to develop new residential properties. Both parcels of land sit side-by-side and are located adjacent to Universiti Malaysia Sabah (UMS) and the upcoming Hospital UMS, which is slated to commence operations in 2026. Hospital UMS is set to serve as an important centre for medical education, research and public health services. The strategic location of these assets—offering strong connectivity to both UMS and the future hospital—makes the area a highly desirable locality in Kota Kinabalu. YBhg. Datuk Lim Poh Yit, Managing Director of Titijaya Group, said: "We are pleased to announce the acquisition of these assets, paving the way for the next chapter of our foray into Sabah. This acquisition aligns with our ESG and Sustainability approach to real estate development by increasing the availability of quality accommodation for public university students, and reviving an abandoned housing project for public and social good. Furthermore, repurposing the existing building, following the completion of remaining works, will result in significantly lower carbon emissions compared to constructing an entirely new one. This move also aligns with our broader growth strategy to diversify our revenue streams and customer base, and extend our footprint beyond the Klang Valley. We already have a presence in Sabah via our luxury mixed development, The Shore, and the Citadines Waterfront Kota Kinabalu hotel managed by Ascott. Today's announcement deepens our foray into Sabah and East Malaysia at large, positioning us to be a long-term beneficiary of the region's growth. On a more project-specific level, we believe that these two assets will enable us to benefit from rising demand for housing accommodation in the surrounding area and boost contributions from recurring income to our revenue. Recurring income has the potential to deliver a stable income stream for the Group, while serving as a hedge against short-term fluctuations in the property market. With contributions from this project and other projects such as our logistics commercial complex at Bayan Lepas Waterfront that we have leased to DHL Properties (M) Sdn Bhd, we are steadily strengthening the recurring income component of our revenue mix over the next few years. " The two acquisitions are expected to be completed within 9 months. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
New Straits Times
27-05-2025
- Business
- New Straits Times
Titijaya expands East Malaysia footprint with RM105mil property deal in Kota Kinabalu
KUALA LUMPUR: Titijaya Land Bhd is ramping up its expansion into East Malaysia with the proposed acquisition of two prime property assets in Kota Kinabalu, Sabah, for a total of RM105 million. The urban lifestyle developer said both assets are located adjacent to Universiti Malaysia Sabah (UMS) and the upcoming Hospital UMS, positioning them in a high-demand area with excellent connectivity. The company expects to complete the acquisitions within the next nine months, according to a statement. The larger of the two deals, valued at RM99 million, includes a parcel of land with completed foundation works and two 19-storey blocks of purpose-built student accommodation. The development features 513 apartment-style units, with the capacity to house up to 3,078 students. Titijaya intends to operate the completed buildings and carry out remaining project works to meet rising demand for both student and residential housing in the vicinity. The company has entered into a sale and purchase agreement with Yayasan Universiti Malaysia Sabah, Bay Precinct Sdn Bhd (a construction firm), and one of its directors, Lok Yee Hsun. The second acquisition, priced at RM6 million, involves another parcel of land with an existing building structure originally meant for the Bangunan Koperasi UMS project. The original plan envisioned a 14-storey apartment block with 476 units, a one-storey retail section with 38 shop lots, and a three-storey car park podium. However, the project was abandoned and never completed. Titijaya plans to revive and redevelop the site into new residential offerings. Titijaya group managing director Datuk Lim Poh Yit highlighted that the group already has a footprint in Sabah through developments such as The Shore, a luxury mixed-use project, and the Citadines Waterfront Kota Kinabalu hotel, managed by Ascott. He said that the location of the two assets, offering strong connectivity to both UMS and the upcoming Hospital UMS, makes the area a highly desirable locality in Kota Kinabalu. "This move also aligns with our broader growth strategy to diversify our revenue streams and customer base and extend our footprint beyond the Klang Valley. We believe that these two assets will enable us to benefit from rising demand for housing accommodation in the surrounding area and boost contributions from recurring income to our revenue," he added.
Malay Mail
05-05-2025
- Entertainment
- Malay Mail
Kollywood comes to Penang: Edison Awards 2025 to light up Spice Arena on May 17
GEORGE TOWN, May 5 — Over 50 renowned Kollywood celebrities are set to descend on Malaysia as Penang prepares to roll out the red carpet for the 17th Edison Awards at the Setia SPICE Arena on May 17 — a spectacular night celebrating the South Indian film industry. In an exclusive interview with Bernama here today, Edison Awards founder J. Selvakumar said this year's star-studded lineup includes acclaimed director-turned-actor SJ Suryah, early 2000s leading actress Simran Rishi Bagga, veteran actress Kushboo Sundar — who has starred in over 185 films — as well as Priya Anand, among others. Selvakumar said the 2025 edition will honour excellence across 50 categories, including Best Actor and Best Actress, in addition to recognising directors, technicians, and other creative talents behind the scenes who contribute to the Tamil cinema industry. 'We expect around 6,500 attendees to witness the dazzling performances, exclusive red carpet show, and special sessions with some of the biggest names in the industry. 'This marks the first time the Edison Awards will be held in Penang, following a smaller-scale event in Kuala Lumpur back in 2017,' he added. In addition to celebrity appearances, Selvakumar said the show will also feature dance, music and fashion show performances by local artistes. He noted that the event is scheduled to run from 5pm to 9pm and will be officiated by Penang Chief Minister Chow Kon Yeow. 'With ticket prices starting from just RM99 and available at Selvakumar said the organiser is also offering various promotions and discounts to attract more moviegoers to the award show. The 17th edition of the Edison Awards saw top-tier nominations for the Best Male Actor Award featuring Kollywood stalwarts such as Tamil Superstar Rajinikanth, Kamal Haasan, Vikram, Sivakarthikeyan and Vijay Sethupathi while Keerthy Suresh, Trisha, Nayanthara and Tamanah are vying for the Best Female Actress category. The Edison Awards, named in tribute to the Father of Cinema, Thomas Alva Edison, have long been a prestigious platform for both legendary and emerging talents. Over the years, the awards have celebrated iconic stars such as Vijay, Dhanush, Simbu and Vikram, as well as rising stars like Sivakarthikeyan and music sensation Anirudh, who continue to captivate millions worldwide. — Bernama
