New firm to revive Plaza Rakyat


The Plaza Rakyat project was abandoned after the 1997-1998 Asian financial crisis and has since become an eyesore.

KUALA LUMPUR: The revival of the abandoned Plaza Rakyat project in Jalan Pudu here is headed the way of controversy, with the Kuala Lumpur City Hall (DBKL) looking to appoint a new company to undertake the job.

Kuala Lumpur mayor Datuk Seri Ahmad Phesal Talib revealed yesterday that DBKL did not recognise the appointment of Ivory Properties Group Bhd to revive the project.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , Plaza Rakyat , DBKL , revival

Next In Business News

SkyGate acquires property investment firm for RM76mil
Berjaya Land proposes name change to Berjaya Property
SCIB shareholders approve rights issue, share capital reduction
SC Estate Builder to acquire 25% stake in non-operational hotel for RM18.79mil
FBM KLCI on a roll, notches fifth straight gain
China central bank to cut some sector-specific rates to boost economy
Ericsson plans to shed 1,600 jobs in Sweden
South Korea to keep monitoring US chip tariffs to minimise impact, industry minister says
Oil slides over 3% after Trump comments ease Iran fears
Amir Hamzah: 2026 marks implementation of govt reforms, development agenda

Others Also Read