News by Luqman Amin

Citaglobal Bhd (KL:CITAGLB) has secured a RM150 million contract from Malaysia’s Public Works Department (JKR) to design and build military family housing at a key naval base in Sabah.

Malaysia has stopped giving preferential rates for the withholding tax on dividends from real estate investment trusts (REITs) or property trust funds (PTFs), a government notice showed.

Under the arrangement, the banks have been appointed as joint lead coordinators to oversee the currency risk management framework linked to the ECRL’s loan obligations. 

As of February 2026, the project has achieved about 93% overall completion. 

The optimistic outlook comes even as some observers caution that the tourism campaign may face headwinds from rising geopolitical tensions, particularly in the Middle East.

IJM Corp Bhd's (KL:IJM) plans to list parts of its assets, including construction and toll road business, could provide shareholders with an alternative pathway to unlock value, analysts said, at a time when the group is weighing a takeover offer from rival Sunway Bhd (KL:SUNWAY).

Malaysia may see moderate property project delays and rising construction costs with protracted geopolitical tensions in the Middle East, developers cautioned.

The Real Estate and Housing Developers' Association (Rehda) said over two-thirds of prospective homebuyers in Malaysia fail to obtain financing for property purchases, mainly due to high debt obligations and inadequate income levels.

IGB Bhd (KL:IGBB) said its proposed RM214.97 million acquisition of two leasehold land parcels in Johor Bahru, undertaken via a joint venture with a Johor state-owned company, has received approval from the Ministry of Economy.

Malaysia has restricted new data centre investments that are not linked to artificial intelligence (AI), as concerns mount over the high water and electricity consumption associated with such facilities, Prime Minister Anwar Ibrahim told the Dewan Rakyat on Tuesday.