News by M

Gamuda Bhd’s (KL:GAMUDA) net profit rose 4.51% in the third quarter ended April 30, 2026 (3QFY2026), underpinned by stronger contributions from its domestic construction activity.

Glomac Bhd (KL:GLOMAC) posted a more than fourfold increase in its fourth-quarter net profit, driven by higher progress billings and prudent cost management despite ongoing external cost pressures.

An independent auditor had submitted two forensic reports regarding allegations about the Battersea Power Station project’s overvaluation of investment assets, concluding that the claims raised are unfounded, and therefore, there is no need for further investigation into Battersea Project Holding Company, the Ministry of Finance (MOF) said.

The Ministry of Housing and Local Government (KPKT) has allocated RM216.44 million to Johor under the 13th Malaysia Plan (RMK-13), Rolling Plan 1 (RP1) 2026, to support housing development, public infrastructure and community wellbeing.

Mah Sing Group Bhd has recorded its strongest annual property sales in a decade at RM2.51 billion for the financial year ended 2025 and set a RM2.76 billion property sales target for 2026.

Sustainability matters more than profit, with long-term survival taking priority over short-term gains in business strategy, as companies are pushed to focus on resilience, discipline and continuous value creation over quick wins.

Myra, the residential brand of Oriental Interest Bhd, has partnered with Unity Kitchen Sdn Bhd to provide fitted kitchen cabinetry packages for all its open-market units at Myra Senja as part of its efforts in reducing renovation hassle for homebuyers.

The latest data from the National Property Information Centre (Napic) suggest what the National House Buyers Association (HBA) describes as a structural contradiction in Malaysia’s “affordable housing” segment, highlighting a widening disconnect between what is being built and what households can realistically afford.

Data centres in Malaysia are currently using only about half of the electricity and water capacity approved for them, Minister of Energy Transition and Water Transformation Datuk Seri Fadillah Yusof said.

Construction and property company Sisk has been appointed as the main contractor to lead the construction of Phase 3C of the 42-acre Battersea Power Station regeneration project.