The distribution of allocations to all local authorities (PBT) under the Ministry of Housing and Local Government (KPKT) next year will be based on performance evaluation, said its Minister Nga Kor Ming.

Practice Note 17 (PN17) company Meridian Bhd (KL:MERIDIAN) said it has obtained a further extension of time from Bursa Malaysia Securities to submit its regularisation plan.

JLand Group (JLG) and CGS International Securities Malaysia Sdn Bhd (CGS MY) have signed a three-year memorandum of understanding (MOU) to explore a strategic collaboration aimed at strengthening cross-border investment into the Johor-Singapore Special Economic Zone (JS-SEZ).

Minister in the Prime Minister's Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa has been entrusted to lead a special task force to safeguard the interests of the Malay community in Kampung Baru and Kampung Sungai Baru.

Permodalan Nasional Bhd (PNB) and the Employees Provident Fund (EPF) said there are no immediate plans to exit the Battersea Power Station project in London. This comes amid talk of the funds looking to sell the commercial asset within the development they acquired in 2019.

KIP Real Estate Investment Trust’s (KL:KIPREIT) net property income (NPI) surged 51% year-on-year for the first quarter ended Sept 30 (1QFY2026), driven by its newly acquired assets.

Noteworthy:

• Freehold
• Built-up size: 10,080 sq ft 
• Land size: 1,680 sq ft
• 12 bathrooms
• Unfurnished
• Nearby amenities: Da Men Mall, Summit USJ, Main Place Mall, Mydin USJ, Giant Hypermarket, Jaya Grocer, SEGi College Subang Jaya, Sunway University, Monash University Malaysia
• Accessibility: Persiaran Kewajipan, KESAS Highway, LDP Highway, Federal Highway, NPE Highway, USJ 7 LRT Station, Taipan LRT Station

When: July 2025

IJM Corp Bhd (KL:IJM) has bagged a RM873.9 million contract for the mechanical and electrical (M&E) fit-out works of a hyperscale data centre at the Elmina Business Park, Selangor.

The Construction Industry Development Board (CIDB), in partnership with the Master Builders Association Malaysia (MBAM), has announced the introduction of the Construction Digital Maturity Index (CDMI), a new framework aimed at assessing a company’s level of digital integration in construction projects.

Oriental Interest Bhd (KL:OIB) reported a 10.43% increase in its fourth quarter net profit, mainly driven by better performance in its property development and general construction segments.