Court rules 2019 Sarawak strata law not retrospective, clears The Wharf developer of pre-2022 maintenance charges

Court rules 2019 Sarawak strata law not retrospective, clears The Wharf developer of pre-2022 maintenance charges

news

Updated:
  • Judge Datuk Dean Wayne Daly ruled that The Wharf's joint management body lacks legal standing to sue.
  • The Sarawak Strata Management Ordinance 2019 cannot be applied retrospectively.
  • The Wharf JMB must pay RM5,000 in costs after seeking RM2.4 million in maintenance charges from Unique Harvests.
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Powering smart industries: 5G expansion targets highways, industrial corridors

Powering smart industries: 5G expansion targets highways, industrial corridors

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Updated:
  • Malaysia is shifting its 5G strategy to enhance connectivity along key transport routes and industrial areas.
  • Industry leaders emphasise 5G's role in improving productivity and quality.
  • Malaysia must focus on supply chain partnerships while leveraging its skilled workforce and innovation.
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Govt to amend Act 333 to deal with abandoned vehicles in strata housing

Govt to amend Act 333 to deal with abandoned vehicles in strata housing

news

Updated:
  • The Malaysian government plans to amend the Road Transport Act 1987 to address abandoned vehicles.
  • Local authorities lack enforcement power in private strata areas without cooperation from management bodies.
  • Proposed changes aim to enhance enforcement capabilities and streamline vehicle disposal processes.
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IOI Properties 6M FY2026 PBT surges to RM1.60b on valuation gains; core earnings up 87%

IOI Properties 6M FY2026 PBT surges to RM1.60b on valuation gains; core earnings up 87%

news

Updated:
  • IOI Properties Group Bhd reported a significant profit increase to RM1.60 billion for 6M FY2026.
  • Revenue rose 42% to RM2.01 billion, with all core segments showing higher performance.
  • Analysts view the company's shift towards a recurring income base as a positive trend for future growth.
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Anwar Syahrin, former CEO of Malakoff and UEM Sunrise, passes away

Anwar Syahrin, former CEO of Malakoff and UEM Sunrise, passes away

news

Updated:
  • Anwar Syahrin Abdul Ajib, former CEO of Malakoff Corp and UEM Sunrise, passed away at 53.
  • He took the helm of UEM Sunrise in 2014. He joined Malakoff as the CEO from December 2020.
  • Anwar leaves behind a wife and four children, having had a notable career in finance and property development.
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Jeffrey Cheah: Sunway not a bully, will walk away if IJM bid is rejected

Jeffrey Cheah: Sunway not a bully, will walk away if IJM bid is rejected

news

Updated:
  • Sunway Bhd will withdraw its takeover bid for IJM Corp if shareholders do not accept by early April.
  • Founder Tan Sri Dr Jeffrey Cheah emphasised that IJM shareholders are free to decide on the offer.
  • “There is a lot of noise out there, but I stress that there is no compulsory acquisition."
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Sunway’s healthcare arm eyes Southeast Asia expansion

Sunway’s healthcare arm eyes Southeast Asia expansion

news

Updated:
  • Sunway Healthcare Holdings Bhd is considering expansion into Southeast Asia as part of its growth strategy.
  • The group plans to focus on domestic growth first, with new hospital developments in East Malaysia and Pahang.
  • SHH is set to raise RM2.86 billion from its IPO, marking Malaysia's largest listing in nine years.
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KPKT implements immediate mitigation measures over TTDI water overflow

KPKT implements immediate mitigation measures over TTDI water overflow

news

Updated:
  • The Ministry of Housing and Local Government addressed flooding concerns in Taman Tun Dr Ismail.
  • They initiated technical measures to improve drainage and mitigate overflow from recent heavy rains.
  • Ongoing actions include upgrading retention ponds and inspecting drainage systems to prevent future incidents.
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SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

news

Updated:
  • SD Guthrie Bhd and the Selangor government have partnered for a major development on Carey Island.
  • The MOU outlines plans for a 2,500 to 5,000-acre project linked to the Carey Island Port expansion.
  • This initiative aims to enhance the island's economic potential and support Selangor's growth agenda!
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Astaka ventures into healthtech as new growth driver, signs exclusive deal with Evergrown

Astaka ventures into healthtech as new growth driver, signs exclusive deal with Evergrown

news

Updated:
  • Astaka Holdings Ltd is entering the healthtech sector by partnering with Evergrown Holdings Bhd.
  • They will manufacture healthtech light products to enhance hygiene in built environments.
  • Astaka aims to launch its brand in Singapore by 3Q2026, expanding regionally thereafter.
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Court rules 2019 Sarawak strata law not retrospective, clears The Wharf developer of pre-2022 maintenance charges