News

"KLCCP Stapled Group Q2 net profit rose 4.9% to RM200m, lifted by retail and hotel gains. Declares 9.2 sen payout; six-month earnings up 6% to RM402m." Kuala Lumpur, 28th August 2025, 01.05pm - KLCCP Stapled Group reported a 4.9% increase in second-quarter net profit to RM200.45 million for the period ended June 30, 2025 (2QFY2025), boosted by stronger performance in its retail and hotel...

"Eastern & Oriental proposes Andaman Island for RM10b Penang International Financial Centre, aiming to boost Penang’s role in finance and tech." Kuala Lumpur, 27th August 2025, 01.10pm - Eastern & Oriental Bhd has proposed its Andaman Island development in Penang as the site of the planned RM10 billion Penang International Financial Centre (PIFC). Managing Director Kok Tuck...

"KTMB launches ETS3 southern route on Aug 30, connecting KL Sentral to Kluang. Faster, modern rail travel with 10 trains by 2026." Kluang, 26th August 2025, 01.30pm - Keretapi Tanah Melayu Bhd (KTMB) will officially commence operations of its Electric Train Service 3 (ETS3) on the southern route starting August 30, connecting KL Sentral–Kluang–KL Sentral, announced Transport Minister Anthony...

"Malaysia to introduce incentives for property developers under the ‘build and sell’ housing model in 13MP to prevent abandoned projects by 2030, says Housing Minister Nga Kor Ming." Perak, 25th August 2025, 01.15pm - The Malaysian government will introduce incentives for property developers adopting the ‘build and sell’ housing model, as part of efforts to eliminate abandoned projects...

"Bursa rejects Ivory Properties’ extension to submit PN17 regularisation plan. Trading suspension starts Aug 29, with possible de-listing on Sept 3 unless the group appeals." Kuala Lumpur, 22th August 2025, 12.45pm - Ivory Properties Group Bhd, a Practice Note 17 (PN17) company, announced that Bursa Malaysia Securities has rejected its application for more time to submit a regularisation plan,...

"Berjaya Assets narrows 4Q net loss to RM1.71m on property gains and higher revenue from Times Square 2, hotels and ferry services. FY2025 revenue rose 7% to RM259m." Kuala Lumpur, 21th August 2025, 12.45pm - Berjaya Assets Bhd, the developer of Berjaya Times Square, reported a narrower net loss for the fourth quarter ended June 30, 2025 (4QFY2025), supported by accounting gains and steady revenue...

"Astaka Holdings unveils Phase 3B of One Bukit Senyum in Johor Bahru, a RM1.2b mixed-use project featuring a retail mall, five-star hotel, and branded residences near the Johor-Singapore RTS Link." Johor, 20th August 2025, 12.45pm - Astaka Holdings Ltd has launched Phase 3B of its RM3.6 billion gross development value (GDV) flagship project, One Bukit Senyum, marking a major milestone for the...

"Asian Pac Holdings acquires Salcon’s property unit PKSB for RM42 million, gaining prime land in Kampung Attap near Kuala Lumpur’s Golden Triangle. Deal to complete by Feb 2026." Kuala Lumpur, 19th August 2025, 11.10am - Asian Pac Holdings Bhd as agreed to acquire Prestasi Kemas Sdn Bhd (PKSB), a property development firm owned by Salcon Bhd, in a RM42 million cash deal aimed at expanding its...

"Chin Hin Group Property Bhd will sell four subsidiaries for RM74 million to focus on property development, boost cash flow, and fund new landbank acquisitions in high-growth areas like Klang Valley." Kuala Lumpur, 15th August 2025, 10.40am - Chin Hin Group Property Bhd will divest its commercial vehicle and bodyworks operations in a RM74 million deal, as the company shifts its focus entirely to...

"JLand Group partners with China’s ZGC International to develop Johor’s Ibrahim Technopolis and Johor-Singapore Special Economic Zone, aiming to attract global tech firms and boost high-tech investment." Kuala Lumpur, 14th August 2025, 01.30pm - JLand Group (JLG), the real estate and infrastructure arm of Johor Corporation (JCorp), has entered a three-year strategic collaboration with China’s ZGC...