News by M

Developed at a cost of RM3 million, Suria Park was designed by HODA Design and draws inspiration from the sun as a symbol of vitality and renewal.

The association praised the Ministry of Finance and the Royal Malaysian Customs Department for recent clarifications, citing Service Tax Policy No 3/2025 (Amendment No 1) and Service Tax Policy No 7/2025 as evidence of policy responsiveness.

Ultra Green, which owns the land, will be entitled to 17% of the estimated RM600 million GDV for Phases 1A and 1B, with the remainder allocated to Business Park Development.

The 6% SST on certain construction materials and construction services from July this year may lead to higher home prices, lower margins and a potential market slowdown. 

The tender process for the package is currently in the final stage of technical and financial evaluation.

Che Abdul Khalid is set to succeed YM Raja Shahreen Raja Othman, whose fixed-term contract is set to expire at the end of this month. 

The plan, first proposed in September 2023, is part of a wider reorganisation of Lim’s stable of companies and entails IWCity's acquisition of IWH’s units via the issuance of IWCity shares.

The five-year contract will commence on Jan 1, 2026, and run until Dec, 31, 2030. 

MGB Bhd (KL:MGB) has secured a RM118.5 million contract to build affordable apartments in Kuala Lumpur from UDA Accord Development Sdn Bhd.

Mulpha International Bhd (KL:MULPHA) has sold its entire 33% stake in the London Marriott Hotel for £33.8 million (RM190.3 million) to fund working capital requirements and venture into new investments.