News by M

Sunway Bhd (KL:SUNWAY) on Wednesday (Feb 25) revised the cash component of its takeover offer for IJM Corp Bhd (KL:IJM) following the declaration of a two-sen dividend to Sunway shareholders.

A strengthening ringgit is lowering the capital outlay required for Malaysian investors entering the Australian property market, according to Knight Frank Malaysia. The benefit is most pronounced for buyers financing purchases with ringgit-denominated loans.

The country’s strongest industrial corridors are quickly becoming centres for new housing, from logistics-linked zones to semiconductor and advanced manufacturing hubs.

Malaysia once relied on land and labour to attract manufacturers. Today, investors want power, data connectivity, and talent readiness from day one, a shift that is forcing industrial parks to function more like integrated operating systems.

UOA Development Bhd (KL:UOADEV) posted a 50.3% jump in fourth-quarter net profit, lifted by a sizeable revaluation surplus on its investment properties, despite weaker revenue from slower progress billings.

Roads built on government-owned land, particularly main roads, will not be allowed to be sold or transferred to the private sector as they are strategic national assets, said Deputy Minister of Natural Resources and Environmental Sustainability Syed Ibrahim Syed Noh.

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.

Works Minister Datuk Seri Alexander Nanta Linggi said any decision on how long the government can continue to absorb or delay highway toll hikes must be made by the Cabinet.

Cahya Mata Sarawak Bhd (KL:CSMB) reported a 70.3% drop in fourth-quarter net profit, due to the absence of RM48.41 million in foreign exchange (forex) gains, higher precommissioning costs for its phosphate plant and lower contributions from associates.

Transport Minister Anthony Loke has expressed disappointment over repeated breakdowns on the LRT Kelana Jaya Line, which has disrupted travel for thousands of Klang Valley commuters on Tuesday.