Latest news

Property developer IGB Bhd (KL:IGBB) plans to raise up to RM5 billion by establishing a medium term note (MTN) programme to finance the general corporate purposes of the group.

The West Ipoh Span Expressway, to span 60.88km from Gopeng to Kuala Kangsar, is now estimated to cost RM6.2 billion instead of RM5.75 billion, according to the project's concessionaire, East Coast Road Sdn Bhd (ECRSB).

Contract manufacturer Ge-Shen Corporation Bhd (KL:GESHEN) announced on Wednesday that it is selling a plot of industrial land in Johor for RM7.6 million.

IJM Land Bhd’s chief executive officer (CEO) Datuk Wong Tuck Wai is retiring after a 28-month stint at the property division of conglomerate IJM Corp Bhd (KL:IJM), internal communication showed.

Civil and building construction firm Bina Puri Holdings Bhd (KL:BPURI) announced on Tuesday that its subsidiary Sumbangan Lagenda Sdn Bhd has completed the drawdown of its RM73 million credit financing facility from Islamic banking group MBSB Bhd (KL:MBSB).

While Symphony Life Bhd’s former group chief financial officer Ng Ying Yiing was charged on Tuesday for using company funds to purchase shares in Cycle and Carriage Bintang Bhd (CCB) without board approval, the Industrial Court last week separately awarded her RM792,000 in back wages and had seemingly absolved her of wrongdoing in its judgment.

Axis Real Estate Investment Trust (KL:AXREIT) has raised RM449.73 million through a private placement exercise, which will be used to support the REIT's strategy to pursue high-quality, yield-accretive acquisitions, and enhance its existing portfolio.

The 22% rally in the unit price of IGB REIT since the start of the year has prompted analysts to downgrade the counter to “hold”, even after ascribing slightly higher fair value on the Mid Valley Megamall operator.

The 24th International Architecture, Interior Design and Building Exhibition (Archidex 2025) will be held at two venues for the first time next year — at the Malaysia International Trade and Exhibition Centre (Mitec) from July 21 to 24 and at the Kuala Lumpur Convention Centre (KLCC) from July 23 to 26.