News by M

The Penang government is not involved in the selection of the company to be awarded the contract for Package 2 of the Mutiara Line Light Rail Transit (LRT) project, as it falls under the authority of the project owner, Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp).

Cahya Mata Sarawak Bhd (Cahya Mata) posted a sharply lower profit for the financial year ended Dec 31, 2025, with profit attributable to owners falling 48.8% to RM65.7 million from RM128.2 million the prior year, as headwinds in its Oiltools division and pre-commercialisation losses at its Phosphates plant weighed on headline results. 

Johor’s proximity to Singapore continues to drive data centre investments into the state, even as rising operating costs narrow its cost advantage, said S&P Global Ratings corporate ratings director Ng Yijing.

Battersea Power Station is set to host a series of immersive art installations and family-friendly activities this May half-term, running from May 23 to 31.

PRG Holdings Bhd's construction subsidiary has agreed to accept 12 condominium units at Picasso Residence along Jalan Jelatek, Kuala Lumpur, as partial settlement of a RM37.17 million debt owed by the project's developer — a contra arrangement valued at RM13.73 million or RM1,066 psf.

The Malaysian Anti-Corruption Commission (MACC) has seized immovable assets worth an estimated RM18.36 million involving 14 properties as part of an investigation into the alleged misappropriation of funds by a non-governmental organisation (NGO).

The Real Estate and Housing Developers' Association (Rehda) Institute will hold the first mentorship session under its Rehda Institute Youth Initiative (RIYI) tomorrow (April 25), marking the rollout of a structured programme aimed at preparing students for careers in the built environment sector.

Tanco Holdings Bhd has announced a restructuring of the commercial framework for its planned "Smart AI Container Port" in Port Dickson, Negeri Sembilan, replacing an earlier lease arrangement with a Port Development Concession (PDC) model.

A total of 347 housing units have been handed over to eligible recipients under the Baiti Jannati Programme (PBJ) @ Federal Territory so far to ensure they enjoy comfortable, conducive and quality residences.

Paramount Corp Bhd has recorded property sales exceeding RM1 billion for the fourth consecutive year in its financial year ended Dec 31, 2025 (FY2025), as the developer pressed ahead with an aggressive landbank replenishment strategy, securing 363.1 acres across Penang, Kedah and the Klang Valley with a combined gross development value (GDV) of RM2.3 billion.