"Kelana Jaya LRT delays on June 3 due to track switch issue between Pasar Seni and Bangsar. Rapid Rail activates manual operation for safety; repairs underway." Kuala Lumpur, 09th June 2025, 01.55pm - Commuters on the Kelana Jaya Light Rail Transit (LRT) line faced delays on Monday morning due to a track switch malfunction between the Pasar Seni and Bangsar stations. In a statement, Rapid Rail Sdn...
"LicensMalaysia’s Cabinet assigns Finance Minister II to handle Singapore’s acquisition of Malaysian-owned land for Woodlands Checkpoint redevelopment." Kuala Lumpur, 06th June 2025, 12.55pm - The Malaysian government has tasked Finance Minister II Datuk Seri Amir Hamzah Azizan with leading follow-up actions in response to Singapore's plan to acquire two parcels of land owned by Malaysia for the...
"Licensed MM2H agent Second Home Plan says Malaysia’s revamped second home visa offers long-term appeal amid rising competition from ASEAN nations." Kuala Lumpur, 05th June 2025, 01.40pm - Second Home Plan Sdn Bhd, a newly launched licensed agent under the Malaysia My Second Home (MM2H) programme, has expressed strong confidence in the revamped visa framework, describing it as a credible and...
"IOI Properties and RHB launch innovative housing loans with renovation and green financing benefits, easing buyer burdens and supporting sustainable living." Kuala Lumpur, 04th June 2025, 11.00am - IOI Properties Group Bhd has entered into a strategic partnership with RHB Banking Group to offer enhanced home financing options, aimed at easing homeownership costs and promoting sustainable property...
"Jaya Tiasa acquires RM100m Sibu land for mixed-use project as it diversifies beyond palm oil. First property venture valued at RM612.7m upon completion." Kuala Lumpur, 03rd June 2025, 11.00am - Jaya Tiasa Holdings Bhd has announced a strategic diversification into property development with the acquisition of four leasehold land parcels in Sibu, Sarawak, for RM100 million in cash. In a filing with...
"IJM Corp's Q4 net profit falls 30% due to one-off credit loss. Construction revenue up 60%, order book at RM7.6b. Dividend declared." Kuala Lumpur, 30th May 2025, 12.10pm - IJM Corporation Bhd reported a 29.9% drop in net profit for the fourth quarter ended March 31, 2025 (4QFY2025) to RM128.95 million, weighed down by a RM54 million expected credit loss from its investment in West Coast Expressway...
"Paradigm REIT prices IPO at RM1 per unit; retail oversubscription mixed, institutional portion fully taken up. Bursa Malaysia listing set for June 10." Kuala Lumpur, 29th May 2025, 01.28pm - Paradigm Real Estate Investment Trust (Paradigm REIT) has priced its initial public offering (IPO) at RM1.00 per unit, as previously guided, ahead of its scheduled listing on the Main Market of Bursa Malaysia on...
"Sentral REIT signs RM70 million deal to acquire retail units and parking bays at Arcoris Plaza, Mont’Kiara from UEM Sunrise, boosting portfolio growth." Kuala Lumpur, 28th May 2025, 10.35am - Sentral REIT is set to bolster its property portfolio with the acquisition of 38 stratified retail units and 1,432 parking bays in the Arcoris Plaza development, Mont’Kiara, for a total cash consideration of...
"IJM Land begins development on RM1 million Urban Park at Taman Rimba Bukit Kerinchi, connecting city dwellers to nature with eco-friendly design and trails." Kuala Lumpur, 27th May 2025, 10.45am - Kerjaya Prospek Group Bhd has secured a RM75.46 million adjudication award against Yong Tai Bhd’s subsidiary over an alleged unpaid construction contract for a mixed-use development in Melaka known as The...
"Malaysia's hotel sector sees flat Q1 2025 occupancy despite 6.74M tourist arrivals. MAH cites geopolitical tensions and cautious spending." Kuala Lumpur, 26th May 2025, 10.45am - Malaysia’s hotel industry experienced a slow start in the first quarter of 2025, as lingering economic uncertainties and geopolitical tensions curbed international travel demand, according to the Malaysian Association of...
