Telekom Malaysia secures power supply for data centre in Johor

Telekom Malaysia secures power supply for data centre in Johor

news

Updated:
  • TM Nxera, a joint venture of Telekom Malaysia and Nxera, is developing a data centre in Johor.
  • The facility will support AI workloads and is set for commercial operations in 2026, backed by a 280MW electricity supply.
  • This project aims to enhance Malaysia's digital infrastructure and promote cloud adoption across the region.
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M Cora and the transit premium: Why Mah Sing’s Penang launch is drawing investor attention

M Cora and the transit premium: Why Mah Sing’s Penang launch is drawing investor attention

news

Updated:
  • Mah Sing Group Bhd is advancing its M Cora residential project in Penang, valued at RM528 million.
  • The development, near the future Bandar Sri Pinang LRT station, aims to enhance connectivity, sustainability.
  • Analysts expect it to contribute RM17.1 million annually to earnings from FY2027 to FY2030.
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Data centre jobs keep construction sector outlook upbeat despite mixed quarterly resultsmrt

Data centre jobs keep construction sector outlook upbeat despite mixed quarterly resultsmrt

news

Updated:
  • Malaysia's construction sector is set to grow, driven by private sector jobs and data centre projects.
  • BIMB Securities maintains an 'overweight' rating, noting strong demand and earnings among contractors.
  • However, risks like project delays and cost pressures could impact the sector's performance moving forward.
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Govt finalising Johor-Singapore Special Economic Zone master plan, investment blueprint — minister

Govt finalising Johor-Singapore Special Economic Zone master plan, investment blueprint — minister

news

Updated:
  • The Ministry of Economy is finalizing the JS-SEZ master plan, launching it on March 30.
  • This plan aims to enhance economic ties between Malaysia and Singapore, boosting growth in Johor.
  • The JS-SEZ seeks to create over 20,000 high-skilled jobs and achieve a GDP of RM260 billion by 2030.
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Living in Shah Alam: Everything you need to know

Living in Shah Alam: Everything you need to know

news

Updated:
  • Shah Alam offers a balanced lifestyle with affordable homes, strong connectivity, and quality amenities.
  • The city attracts families, students, and professionals with its diverse property options.
  • Shah Alam is an appealing choice for various residents and investors alike.
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Actress’ husband charged with cheating over state land, Datuk title

Actress’ husband charged with cheating over state land, Datuk title

news

Updated:
  • An actress's husband, Mohd Apri Hazreen, pleaded not guilty to cheating a man of RM270,811.
  • He allegedly deceived the victim into transferring money for non-existent land and a fake Datuk title.
  • Bail was set at RM50,000 in the Sessions Court and RM3,000 in the Magistrate’s Court.
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GAP Estate achieves RM885 mil GDV in sales for 2025, sets RM2 bil target for 2026

GAP Estate achieves RM885 mil GDV in sales for 2025, sets RM2 bil target for 2026

news

Updated:
  • GAP Estate achieved a record RM885 million in sales for 2025, marking significant growth.
  • The agency aims for RM2 billion in GDV for 2026, focusing on industrial property.
  • Awards were given to top performers at their Annual Dinner, highlighting exceptional achievements in sales.
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Ann Joo’s JV sells industrial plot in Gurun for RM117.8 mil

Ann Joo’s JV sells industrial plot in Gurun for RM117.8 mil

news

Updated:
  • Ann Joo Resources and Transyear have sold 60.1 acres of industrial land in Kedah for RM117.81 million.
  • Ann Joo expects to receive RM65.4 million from the sale, aiding loan repayments and working capital.
  • The transaction is set to enhance cash flow and is expected to complete within 15 months.
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Widad Group appealing court decision on payments claims tied to Langkawi project

Widad Group appealing court decision on payments claims tied to Langkawi project

news

Updated:
  • Widad Group Bhd is appealing a High Court decision on payment claims for the Langkasuka project.
  • The Court of Appeal will hear the case against Menta Construction on July 30.
  • Widad claims the legal action won't significantly impact its financial position, aside from legal costs.
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Knusford to sell Setapak land for RM7m to fund working capital

Knusford to sell Setapak land for RM7m to fund working capital

news

Updated:
  • Knusford Bhd is selling 0.304 hectares of land in Setapak for RM7 million in a related-party deal.
  • The sale will yield a net gain of RM4.55 million, aiding the company's working capital.
  • The transaction is expected to finalise by July 2026, with Knusford's shares last trading at 39 sen.
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