"This is especially important considering the significant multiplier effect on more than 140 industries, which will positively impact the overall economy."

The development is spread across a 27.58-acre freehold tract and has a gross development value of RM98 million.

Quarterly revenue grew 25.2% to RM245.8 million from RM196.4 million in the previous year.

The development will include serviced apartments, small office home office, small office virtual office, and shop offices.

The increase was attributed to higher selling prices and sales volumes of crude palm oil and palm kernel, lower production costs, and a reduced fair value loss on unharvested fruit.

In conjunction with its 50th anniversary celebration, S P Setia Bhd has launched the Setia Homefest sales carnival in selected sales galleries nationwide until Sept 17.

The first building is scheduled for completion in the third quarter of 2025 (3Q2025), while the second building is expected to be completed in 1Q2026.

The DNAA was granted to Chua on the grounds that the case had been ongoing for too long, the construction and property developer said.

Implemented in over three dozen countries to date, carbon tax is a type of levy based on the emissions of environmentally polluting gasses from consumption of fossil fuels such as coal and diesel.

Sources contacted by The Edge confirmed that the government has filed the stay application and the High Court has fixed Sept 12 as the hearing date.