News by M

KPKT has urged all PBTs nationwide to consider reducing rental rates for business premises, stalls and food courts under their purview until end-2026, as part of efforts to ease the rising cost burden on hawkers and small traders.

Sunway Real Estate Investment Trust (Sunway REIT), one of Malaysia's largest diversified REITs with 28 properties valued at RM10.2 billion and a market capitalisation of RM7.9 billion, recorded a 10% year-on-year (y-o-y) increase in profit before tax to RM114.8 million in the first quarter ended March 31 (1Q2026), driven by a stronger retail segment performance and lower finance costs.

The Negeri Sembilan state government has agreed to provide a 20% rental reduction for all tenants of local authority (PBT) premises from June to December this year, involving a total cost of RM1.4 million.

Bank of America has opened its new office at Merdeka 118 here, underlining the bank’s long-term commitment to Malaysia.

Land & General Bhd (L&G) (KL:L&G) has accelerated the completion timeline for The Wyn Residences in Bandar Puchong Jaya to June 2027, marking a 12-month advancement from the original June 2028 target.

International Workplace Group (IWG) is expanding its premium coworking presence in Malaysia with the launch of a new Spaces centre at Republik TTDI in Taman Tun Dr Ismail, Kuala Lumpur, amid rising demand for flexible workspaces.

The National Economic Action Council (MTEN) has urged local authorities and state governments nationwide to immediately reduce rental rates for premises and shops under their management.

The flood retention pond capacity in the capital is now estimated at only about 30% of its original size following the reduction of the Jinjang and Batu flood retention ponds due to development on 17 land lots.

The Penang Development Corp (PDC) will open a third round of bidding for the Batu Kawan Industrial Park 2 project (BKIP2) in Byram as its second request for proposal (RFP) failed to proceed.

A Penang state assemblyman has proposed a 3% property transfer premium on buyers who are not from the state, in a bid to cool speculative demand and channel funds into affordable housing schemes for locals.