News by theedgemalaysia.com

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.

Sunway Bhd (KL:SUNWAY) said it is proceeding with its takeover offer for IJM Corp Bhd (KL:IJM) despite an ongoing probe by the Malaysian Anti-Corruption Commission involving the target company.

IJM Corp Bhd (KL:IJM) said the freezing of several of its bank accounts by the Malaysian Anti-Corruption Commission (MACC) has no impact on the group’s day-to-day business operations.

KIP Real Estate Investment Trust (KL:KIPREIT) saw its net property income (NPI) rise 49.9% in the second quarter from a year earlier, bolstered by new assets.

The government aims to help more than 100,000 individuals acquire their first homes this year through the Housing Credit Guarantee Scheme (SJKP).

The High Court has maintained the April 3 and April 10 hearing dates for the court to determine the rightful compensation to be paid to Semantan Estate (1952) Sdn Bhd based on the 1956 land acquisition of the prime “Duta enclave” which the court had deemed the government as having trespassed.