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New economy minister to meet Singapore counterpart ahead of JS-SEZ blueprint release

New economy minister to meet Singapore counterpart ahead of JS-SEZ blueprint release

news

Updated:
  • A master plan for the Johor-Singapore Special Economic Zone (JS-SEZ) will be revealed by March.
  • The JS-SEZ aims to attract 100 projects worth RM100 billion within its first decade.
  • Malaysia and Singapore formally signed an agreement in January 2025 to establish the JS-SEZ.
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OCR to acquire 49% stake in Chester Properties for RM19.6 mil through share issuance

OCR to acquire 49% stake in Chester Properties for RM19.6 mil through share issuance

news

Updated:
  • OCR Group Bhd will acquire a 49% stake in Chester Properties for RM19.6 mil.
  • This will be paid via 478.05 million new shares at 4.1 sen each.
  • Chester Properties must meet a RM13.65 mil profit guarantee by 2029.
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Sunway Healthcare extends Putrajaya hospital JV heads of agreement to Sept 30

Sunway Healthcare extends Putrajaya hospital JV heads of agreement to Sept 30

news

Updated:
  • Sunway Healthcare extended its JV agreement with Putrajaya Holdings.
  • For the proposed JV to construct and lease Sunway Medical Centre Putrajaya.
  • The new deadline is Sept 30, 2026.
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MyNews plans to acquire 13.5-acre Serendah industrial land for RM24.7 mil

MyNews plans to acquire 13.5-acre Serendah industrial land for RM24.7 mil

news

Updated:
  • MyNews plans to buy 13.5 acres in Selangor for RM24.7 mil cash.
  • This land will house a new distribution centre to boost efficiency.
  • The acquisition supports long-term expansion and growth plans.
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ECRL cargo service could replace up to 79 lorries per train trip, says deputy minister

ECRL cargo service could replace up to 79 lorries per train trip, says deputy minister

news

Updated:
  • The ECRL cargo service can replace 79 lorries per trip, easing road congestion.
  • Each ECRL train can carry 3,150 tonnes, far exceeding a lorry's 40-tonne capacity.
  • This initiative aims to shift cargo from road to rail, improving highway safety.
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GDB Holdings secures RM439.4m contract for mixed-use tower in Mont Kiara

GDB Holdings secures RM439.4m contract for mixed-use tower in Mont Kiara

news

Updated:
  • GDB Holdings secured a RM439.4 mil contract for a 60-storey mixed-use tower.
  • Construction starts in August, finishing by December 2030.
  • This boosts GDB's order book and future revenue.
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IGB REIT’s net property income jumps 51%, commercial REIT rises 18%

IGB REIT’s net property income jumps 51%, commercial REIT rises 18%

news

Updated:
  • IGB REIT's NPI surged 51% to RM181.2 mil, boosted by MVS Mall and higher rental income.
  • IGB Commercial REIT's NPI rose 18.5% to RM45.1 mil due to better occupancy and rates.
  • Both REITs declared distributions, anticipating resilient performance despite economic uncertainties.
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AEON to benefit from new KL outlet, rising Johor revenue contribution — TA Securities

AEON to benefit from new KL outlet, rising Johor revenue contribution — TA Securities

news

Updated:
  • TA Securities projects AEON Mall KL Midtown will add 2% to AEON's FY2027 revenue.
  • The firm maintains a 'buy' rating with a RM1.42 target price for AEON.
  • Johor's strong growth and consumer spending are also highlighted.
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PRG major shareholder Ng pushes back against ‘one-sided’ claims, highlights over RM89m financial support for group

PRG major shareholder Ng pushes back against ‘one-sided’ claims, highlights over RM89m financial support for group

news

Updated:
  • Datuk Ng Yan Cheng, PRG's largest shareholder, refutes claims of harming the company.
  • He highlights providing RM89.55 mil in financial support during difficult times.
  • He expressed disappointment that his role had been presented without full context.
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Mah Sing gets shareholders’ nod for RM2.26 bil MS Industrial Park @ Kulai project

Mah Sing gets shareholders’ nod for RM2.26 bil MS Industrial Park @ Kulai project

news

Updated:
  • Mah Sing Group will acquire 419.17 acres in Kulai, Johor for RM273.87 mil.
  • Shareholders approved the RM2.26 bil industrial park development.
  • This project will boost Mah Sing's landbank and cater to various industries.
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New economy minister to meet Singapore counterpart ahead of JS-SEZ blueprint release