News by theedgemalaysia.com

The construction sector is expected to see another decent year in 2025, after domestic contract awards hit a new record last year, according to Hong Leong Investment Bank (HLIB) Research.

Malaysian construction stocks fell sharply on Thursday for the sixth straight day amid concerns over data centres being built as the US further tightens restrictions on advanced semiconductor exports.

As the world transitions into what the World Economic Forum (WEF) described as the "intelligent age", artificial intelligence (AI) and data centres are emerging as pivotal drivers of technological and energy system transformation.

Data-centre proxy stocks on Bursa Malaysia have fallen sharply since the beginning of the year, due to US export restrictions on artificial intelligence (AI) chips, but analysts caution against buying the dip too soon.

Bintai Kinden Corporation Bhd (KL:BINTAI) said it has secured the approval from Bursa Malaysia for a proposed plan to fix its finances and strengthen the engineering services firm.

Malaysian Prime Minister Datuk Seri Anwar Ibrahim officially inaugurated YTL Brabazon New Town in Bristol, a development poised to become the most sustainable new town in the UK.

Malaysia-based Gamuda Bhd (KL:GAMUDA) and its London-based joint venture partner, real estate investor Castleforge, broke ground for 75 London Wall — a £1.2 billion (RM6.59 billion) redevelopment project — in the City of London on Wednesday.

Exsim Ipoh City Sdn Bhd, a member of Exsim Group, has entered into a joint-venture agreement with Liew Yin Yin Land Sdn Bhd for the development of a 1.291-acre tract of land in Ipoh, according to a media statement on Wednesday.

Ahmad Zaki Resources Bhd (KL:AZRB) has redesignated group managing director Datuk Seri Wan Zakariah Wan Muda as its executive vice-chairman, effective immediately.

The establishment of the Johor-Singapore Special Economic Zone (JS-SEZ) has garnered attention, but more effort is needed to enhance its competitiveness to attract investments, according to Knight Frank executive director Amy Wong Siew Fong.