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Urban Renewal Act drafted after record 101 engagement sessions—Nga

A total of 101 engagement sessions have been held to date in the drafting of the Urban Renewal Act (PSB), making it one of the most comprehensive legislative processes, with the highest number of stakeholder engagements in the nation’s history, said Housing and Local Government (KPKT) Minister Nga Kor Ming.

Crescendo flags higher costs after sharp 1Q profit drop on absence of land sale

Property firm Crescendo Corp Bhd (KL:CRESNDO) flagged higher operating costs from the minimum wage adjustments, subsidy rationalisation for fuel and electricity, as well as the expanded scope of the sales and service tax (SST), after posting a steep 97.5% year-on-year decline in its first-quarter net profit.

Yong Tai buys Sabah property developer for RM15m

Yong Tai Bhd (KL:YONGTAI) is acquiring Sabah-based property developer Sumberjaya Builders Sdn Bhd for RM15 million, as it aims to tap into development opportunities in Lahad Datu and Tawau.