News by theedgemalaysia.com

Malaysia’s construction sector will continue to ride on the ramp-up in private sector jobs, particularly data centre projects, in the coming years, said BIMB Securities.

The joint venture between Ann Joo Resources Bhd (KL:ANNJOO) and Transyear Sdn Bhd has secured a deal to sell a 60.1-acre industrial land in Gurun, Kedah, for RM117.81 million cash.

Widad Group Bhd (KL:WIDAD) said the group is appealing against the High Court’s dismissal of its application to set aside an adjudication decision relating to payments claims linked to the Langkasuka development in Langkawi.

Knusford Bhd (KL:KNUSFOR) is disposing of a 0.304-hectare freehold land in Setapak, Kuala Lumpur, for RM7 million cash in a related-party transaction.

AYER Holdings Bhd (KL:AYER) reported a revenue of RM171.1 million for the financial year ended Dec 31, 2025 (FY2025), a 59% increase from RM107.7 million recorded in FY2024, driven mainly by stronger contributions from its property development segment.

Malaysia has reached a milestone in sustainable digital infrastructure with the country’s first hyperscale data centre receiving provisional GreenRE Platinum certification for water, energy and sustainability design.

Tune Protect Malaysia and Verdant Solar Sdn Bhd introduced Malaysia’s first integrated residential solar and protection model, addressing concerns around financial risks, system damage and unexpected operational disruptions faced by 100,000 homes in Malaysia that have solar photovoltaic (PV) systems installed.

IGB Bhd (KL:IGBB) said its proposed RM214.97 million acquisition of two leasehold land parcels in Johor Bahru, undertaken via a joint venture with a Johor state-owned company, has received approval from the Ministry of Economy.

The contract was awarded to the company’s unit, Kitacon Sdn Bhd, by Rawang Lakes Sdn Bhd, according to a filing to the stock exchange.

Chief Minister Datuk Seri Ab Rauf Yusoh said the achievement was based on data released by the Ministry of Investment, Trade and Industry (Miti) and the Malaysian Investment Development Authority (Mida), reflecting investors’ confidence in the stability of the state administration and its economic development direction.