News by M

JLand Group (JLG) and CGS International Securities Malaysia Sdn Bhd (CGS MY) have signed a three-year memorandum of understanding (MOU) to explore a strategic collaboration aimed at strengthening cross-border investment into the Johor-Singapore Special Economic Zone (JS-SEZ).

Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) said there are no immediate plans to exit the Battersea Power Station project in London. This comes amid talk of the funds looking to sell the commercial asset within the development they acquired in 2019.

KIP Real Estate Investment Trust’s (KL:KIPREIT) net property income (NPI) surged 51% year-on-year for the first quarter ended Sept 30 (1QFY2026), driven by its newly acquired assets.

IJM Corp Bhd (KL:IJM) has bagged a RM873.9 million contract for the mechanical and electrical (M&E) fit-out works of a hyperscale data centre at the Elmina Business Park, Selangor.

The Construction Industry Development Board (CIDB), in partnership with the Master Builders Association Malaysia (MBAM), has announced the introduction of the Construction Digital Maturity Index (CDMI), a new framework aimed at assessing a company’s level of digital integration in construction projects.

Oriental Interest Bhd (KL:OIB) reported a 10.43% increase in its fourth quarter net profit, mainly driven by better performance in its property development and general construction segments.

Property developer UEM Sunrise Bhd has appointed Shaharul Farez Hassan as its new managing director and CEO, effective Nov 17.

Construction group Kumpulan Kitacon Bhd has been awarded a contract worth RM86.58 million by Earth Pavilion Sdn Bhd to undertake the construction of residential units at The Mines Resort City in Selangor.

Sunway Real Estate Investment Trust (REIT), through its trustee RHB Trustees Bhd, has entered into a conditional sale and purchase agreement (SPA) with Sunway Medical Centre Penang Sdn Bhd for the disposal of the Sunway Hotel Seberang Jaya property in Penang for a total cash consideration of RM60 million.

Malaysia may be on the fast track towards artificial intelligence (AI) adoption, but real transformation is not just about technology. Instead, city planning should still focus on people.