News

"Tropicana Corp fully redeems RM89.4 million perpetual sukuk as part of its capital management strategy. The group reports RM2 billion unbilled sales." Kuala Lumpur, 26th March 2026, 05.40pm - Tropicana Corporation Berhad has fully redeemed its RM89.43 million Tranche 1 Perpetual Sukuk Musharakah as part of its ongoing efforts to reduce borrowings and strengthen its financial position. The property...

"Eversendai says NEOM has terminated its Trojena Ski Village structural steel contract in Saudi Arabia. The group plans to submit compensation claims." Kuala Lumpur, 25th March 2026, 02.40pm - Eversendai Corporation Bhd said it has received a termination notice from NEOM Company for its structural steel works contract at the Trojena Ski Village project in Saudi Arabia, effective March 26, citing...

"Penang Chief Minister Chow Kon Yeow will submit a report on revised quit rent rates affecting 370,000 land titles following discussions with DAP leadership." Penang, 24th March 2026, 12.20pm - Chow Kon Yeow said he will prepare a detailed report on the implementation of Penang’s revised quit rent (land tax) rates to be submitted to Anthony Loke Siew Fook, secretary-general of Democratic Action Party...

"JLand Group signs partnership with EdgeProp to strengthen property data analytics, digital transformation and market positioning in Johor’s real estate sector." Johor, 19th March 2026, 01.00pm - JLand Group Sdn Bhd (JLG), the real estate and infrastructure arm of Johor Corporation (JCorp), has entered a strategic partnership with property media and data platform EdgeProp Malaysia to enhance property...

"Paramount acquires a 3.7-acre Jalan Ampang land parcel for RM257.9 million to develop serviced apartments with RM1.1 billion GDV, with launch expected by 2026." Kuala Lumpur, 19th March 2026, 10.00am - Paramount Corporation Berhad is acquiring a 3.7-acre freehold commercial land parcel along Jalan Ampang Kuala Lumpur from IOI Properties Group Berhad for RM257.9 million, with plans to develop high-end...

"Tune Protect and Verdant Solar launch Malaysia’s first integrated solar and insurance solution to protect homeowners against system damage and energy loss risks." Kuala Lumpur, 11th March 2026, 05.48pm - Tune Protect Malaysia and Verdant Solar Sdn Bhd have introduced what they describe as Malaysia’s first integrated residential solar and insurance protection solution, aimed at reducing financial...

"CIDB launches a Digital Construction Management platform to accelerate digitalisation in Malaysia’s construction industry and improve project efficiency." Kuala Lumpur, 10th March 2026, 02.48pm - Construction Industry Development Board Malaysia (CIDB) has introduced a new Digital Construction Management (DCM) platform aimed at accelerating digital transformation and improving efficiency in...

"Johor’s fast-growing data centre sector faces grid delivery challenges as connection timelines and infrastructure approvals become key hurdles for new projects." Kuala Lumpur, 09th March 2026, 10.40am - Johor’s rapidly expanding data centre sector is increasingly constrained by electricity grid delivery rather than power generation capacity, according to industry observers. While Malaysia has...

"Magma Group plans to acquire LUMA Hotel in Kota Kinabalu for RM60.9 million in a cash-and-shares deal to expand its hospitality portfolio and strengthen recurring income." Kuala Lumpur, 06th March 2026, 03.36pm - Magma Group Bhd plans to acquire the LUMA Hotel Kota Kinabalu for RM60.9 million in a cash-and-shares transaction as part of its strategy to expand its hospitality portfolio. In a filing...

"Exsim Hospitality partners Majestic Gen to introduce managed accommodation across Malaysia, with Mana Mana Hospitality targeting a 3,000-key pipeline over four years." Kuala Lumpur, 05th March 2026, 06.12pm - Exsim Hospitality Bhd has partnered with property developer Majestic Gen to introduce professionally managed accommodation across selected developments nationwide, with a potential pipeline of...