News

"EcoWorld reports RM438 million net profit in FY2025, driven by higher sales, land disposals and Paragon Pinnacle consolidation, with RM4.55 billion record sales." Kuala Lumpur, 12th December 2025, 10.43am - Eco World Development Group Bhd (EcoWorld) reported a significantly stronger financial performance for the year ended Oct 31, 2025 (FY2025), with net profit rising to RM438.07 million from RM303.54...

"Sunsuria boosts its stake in KL City Gateway to 61% with a RM21.46 million deal, strengthening its role in the Kampung Sungai Baru redevelopment." Kuala Lumpur, 11th December 2025, 12.54pm - Sunsuria Bhd is increasing its ownership in KL City Gateway Sdn Bhd (KLCG)—the developer behind the major Kampung Sungai Baru redevelopment—to 61%, up from 20%. In a filing with Bursa Malaysia on Dec 10,...

"More than 74% of votes were disqualified at South Malaysia Industries’ reconvened AGM, according to a filing with Bursa Malaysia." Kuala Lumpur, 10th December 2025, 01.19pm - More than 74% of votes cast at South Malaysia Industries Bhd’s (SMI) reconvened 53rd annual general meeting (AGM) were deemed disqualified, according to the company’s filing with Bursa Malaysia. The adjourned AGM was...

"KTMB introduces a 30% promotional fare for its new ETS route to JB Sentral from Dec 12, valid for travel until Jan 11, 2026." Kuala Lumpur, 09th December 2025, 11.40am - Keretapi Tanah Melayu Bhd (KTMB) has announced a special 30% promotional discount in conjunction with the launch of its Electric Train Service (ETS) connecting KL Sentral and JB Sentral, starting Dec 12. In a statement released on...

"Transport Minister Anthony Loke proposes reducing parking requirements for new housing projects near LRT and MRT stations to lower costs and promote public transport use." Selangor, 08th December 2025, 02.42pm - Housing developers have been encouraged to explore reducing parking allocations for new residential projects located near rail transit stations, as part of efforts to promote public transport...

"Mulpha International CEO Gregory David Shaw retires after leading the group since 2016. The property and hospitality firm begins search for a new chief executive." Kuala Lumpur, 05th December 2025, 02.56pm - Mulpha International Bhd announced on Thursday that its long-serving chief executive officer, Gregory David Shaw, has officially retired. Shaw, 66, has led the property development and...

"Advancecon secures another favourable adjudication ruling against China Communications Construction (CCC) over ECRL project works, with RM3.33 million awarded plus interest and costs. Here’s what the latest decision means." Kuala Lumpur, 04th December 2025, 01.17pm - Advancecon Holdings Bhd has obtained a second favourable adjudication outcome in its ongoing payment dispute with China Communications...

"Felda and FGV oppose Terengganu’s three-day eviction notices, calling them too strict, and begin a full land audit while assuring settlers’ operations remain unaffected." Kuala Lumpur, 03rd December 2025, 02.35pm - The Federal Land Development Authority (Felda) and its subsidiary, FGV Holdings Bhd, have expressed concern over the warning notices issued by the Terengganu state government regarding...

"Ho Hup shareholders oust the last founding family director and block RM500,000 fees amid a growing boardroom battle with major shareholder Omesti." Kuala Lumpur, 02nd December 2025, 10.55am - Ho Hup Construction Company Bhd (KL:HOHUP) saw its shareholders vote against the re-election of Datin Chan Bee Leng — the final representative of the company’s founding family on the board — at its annual...

"Johor launches the 3,200-acre Maharani Freeport in Muar, a deep-water free zone aimed at boosting regional oil, gas and maritime trade." Johor, 01st December 2025, 02.45pm - Johor officially launched the 3,200-acre Maharani Freeport in Muar on Saturday, marking the debut of a deep-water, three-island free zone designed to support regional oil and gas activities along the Strait of...