News by theedgemalaysia.com

The Master Builders Association Malaysia (MBAM) has voiced concerns about supply chain and pricing trends for key construction materials as well as a potential rise in building costs in 2025, following the government's announcement of carbon tax and the removal of certain subsidies in Budget 2025 presented on Friday.

Exsim Hospitality Bhd (KL:EXSIMHB), previously known as Pan Malaysia Holdings Bhd, said on Friday that its wholly owned subsidiary Exsim Concepto Sdn Bhd has won a sub-contract work package for RM60 million.

The government will extend the current net energy metering (NEM) 3.0 programme till June 30, 2025 to continue incentivising rooftop solar installation, announced Prime Minister Datuk Seri Anwar Ibrahim in his Budget speech.

Johor-Singapore Special Economic Zone (JS-SEZ) will cover an area governed by six local authorities in Iskandar Malaysia and Pengerang, according to the Ministry of Finance.

Varia Bhd (KL:VARIA) has secured a contract worth RM571.8 million from the Social Security Organisation (Socso) to build a rehabilitation centre in Setiu, Terengganu.

AME Real Estate Investment Trust's (KL:AMEREIT) proposed acquisition of four single-storey detached factories in Johor for RM119.45 million has been deemed fair and reasonable, according to independent adviser MainStreet Adviser Sdn Bhd.

The Malaysia My Second Home (MM2H) programme, under the updated criteria, has recorded 34 approved applications, representing 13.7% of the total 249 applications as of Oct 14.

NCT Group of Companies, via its subsidiary NCT Land Sdn Bhd, has partnered with the Selangor Information Technology and Digital Economy Corp (Sidec) to digitalise and support growth of the 732-acre (296.23-hectare) NCT Smart Industrial Park (NSIP) in Sepang, Selangor.

Lim Seong Hai Capital Bhd (KL:LSH) and Besteel Engtech Sdn Bhd (BESB) have delivered their maiden joint-venture high-rise residential project named Laman Seri Harmoni (LSH33) in Sentul, Kuala Lumpur. Vacant possession of the project was delivered 33 days ahead of schedule on Sept 12.

Aizo Group Bhd (KL:AIZO) has inked a memorandum of understanding (MOU) with NetRunner Sdn Bhd to jointly establish a Tier 4 data centre hub in Sarawak, to meet the increasing demand for secure and reliable data storage and processing facilities.