Rental tax relief to ease Padini’s operating cost pressures, says TA Securities

Rental tax relief to ease Padini’s operating cost pressures, says TA Securities

news

Updated:
  • Padini plans to renovate 11 stores and open five new outlets, reaching 182 globally.
  • The government’s tax cut on rentals will result in savings of RM15 million in FY2026.
  • Despite cost pressures, Padini remains cautious about price increases due to consumer sensitivity.
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IGB secures govt approval for RM215m Johor Bahru land deal

IGB secures govt approval for RM215m Johor Bahru land deal

news

Updated:
  • IGB Bhd's RM214.97 million land acquisition in Johor Bahru has received Ministry of Economy approval.
  • The joint venture with Southkey City Sdn Bhd will see IGB hold a 70% stake in the new company.
  • IGB aims to develop the site into a mixed-use urban hub, enhancing the Southkey area.
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Clearing the air: Why indoor air quality is becoming an industrial priority in Malaysia

Clearing the air: Why indoor air quality is becoming an industrial priority in Malaysia

news

Updated:
  • Malaysia's focus on indoor air quality (IAQ) is expanding beyond healthcare to industrial settings.
  • The MOH's standards are pushing industries to prioritise IAQ for better worker health and productivity.
  • As multinational tenants demand transparency in air quality, effective monitoring systems are essential
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Chinese businessmen call on Penang state govt to scrap quit rent revision

Chinese businessmen call on Penang state govt to scrap quit rent revision

news

Updated:
  • The Penang government is urged to cancel the quit rent revision because of its flawed framework.
  • Concerns include administrative inefficiency and potential investment discouragement, as stated by Datuk Seri Choot Ewe Seng.
  • He advocates for a more objective approach to land taxation with transparency and minimal intervention.
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Rehda Institute: Driving industry progress as a social enterprise through collaborative insights

Rehda Institute: Driving industry progress as a social enterprise through collaborative insights

news

Updated:
  • The Rehda Institute serves as a knowledge hub for Malaysia's real estate, focusing on industrial growth.
  • Demand for industrial properties is rising due to FDI, e-commerce, and supportive policies.
  • Developers are optimistic yet cautious, emphasising the need for strategic planning and ESG compliance.
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Kumpulan Kitacon wins RM89 mil construction job in Gombak

Kumpulan Kitacon wins RM89 mil construction job in Gombak

news

Updated:
  • Kitacon secured an RM89 million construction contract in Gombak, Selangor.
  • The project includes 258 two-storey terrace houses and is set to start on March 16.
  • This contract is expected to enhance earnings for the financial year ending Dec 31.
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In conversation with: Northern Corridor Economic Region (NCER) chief executive Datuk Mohamad Haris Kader Sultan

In conversation with: Northern Corridor Economic Region (NCER) chief executive Datuk Mohamad Haris Kader Sultan

news

Updated:
  • As of September 2025, NCER has secured RM58.39 billion in investments, creating nearly 16,000 jobs!
  • Kedah has contributed RM14.94 billion, generating 2,566 jobs, mainly in high-tech manufacturing.
  • NCER is focused on ensuring liveability through housing and community infrastructure plus industrial growth.
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Melaka notches RM14.7b investments in 2025, highest in 22 years

Melaka notches RM14.7b investments in 2025, highest in 22 years

news

Updated:
  • Melaka has achieved its highest investment in 22 years, totaling RM14.68 billion across 312 projects.
  • Chief Minister Ab Rauf Yusoh highlighted investor confidence in the state's stable administration and economic direction.
  • The state aims to create 4,000 jobs through these projects while promoting Technical and Vocational Education and Training.
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In conversation with: Invest Penang CEO Datuk Loo Lee Lian

In conversation with: Invest Penang CEO Datuk Loo Lee Lian

news

Updated:
  • Penang's E&E sector led Malaysia's FDI, accounting for 53% of manufacturing investments in 1H2025.
  • The state targets high-value investments in advanced manufacturing, especially IC design.
  • Infrastructure improvements aim to attract high-end manufacturing and support workforce development.
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Mutiara Line LRT: Penang govt focusing on land, resident resettlement issues, says CM

Mutiara Line LRT: Penang govt focusing on land, resident resettlement issues, says CM

news

Updated:
  • Penang is addressing land acquisition and resettlement for the Mutiara Line LRT project.
  • Chief Minister Chow Kon Yeow noted that the relocation process is on schedule, affecting about 12 houses.
  • LRT aims to enhance connectivity and reduce congestion, with operations expected to start in December 2031.
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