News by theedgemalaysia.com

Sentral REIT (KL:SENTRAL) posted a slight decline in net property income (NPI) in the fourth quarter, weighed down by higher operating expenses and lease accounting under MFRS 16.

The Urban Renewal Bill has been retracted by the Cabinet to allow for improvements to be made, according to Communications Minister Datuk Fahmi Fadzil.

Mulpha International Bhd (KL:MULPHA) has subscribed to US$20 million (RM80.8 million) worth of bonds issued under Sun Hung Kai & Co (BVI) Ltd’s US$3 billion Guaranteed Medium Term Note (MTN) Programme.

Lim Seong Hai Capital Bhd (KL:LSH) plans to seek shareholders’ approval to partner with executive vice-chairman Datuk Lim Keng Guan’s Besteel Engtech Sdn Bhd and inject RM484.8 million for the Morib rejuvenation project, covering the renovation of the Sri Morib Golf Club and development of a 150-acre land nearby for residential and commercial use.

Sentral REIT’s (KL:SENTRAL) manager Sentral REIT Management Sdn Bhd has appointed Tay Hui Ling as acting CEO effective Jan 22, with her appointment to be formalised once Securities Commission approves it, according to a bourse filing on Thursday.

Malaysia’s central bank has kept the benchmark interest rate unchanged as expected, taking comfort in a resilient economy with moderate inflation.

A preferential withholding tax on dividends from real estate investment trusts (REITs), which expired at the end of 2025, is likely to be renewed with existing terms, said Kenanga Investment Bank.

The Seremban High Court has fixed May 19 to deliver its decision on mesne profit sought by Semantan Estate (1952) Sdn Bhd in its legal battle against the Malaysian government over the acquisition of the 'Duta Enclave'.

The fare structure for Malaysia’s East Coast Rail Link (ECRL) is expected to be finalised by the end of this year, Transport Minister Anthony Loke said.

Binastra Corporation Bhd (KL:BNASTRA) has secured a RM742.9 million contract for the main building works of a high-rise development in Johor Bahru.