Sunway unit plans RM10b sukuk wakalah to fund working capital, debt refinancing

Sunway unit plans RM10b sukuk wakalah to fund working capital, debt refinancing

news

Updated:
  • Sunway Treasury Sdn Bhd has proposed a RM10 billion sukuk wakalah programme for funding and refinancing.
  • The sukuk will have a perpetual tenure, with proceeds allocated for various corporate needs.
  • HSBC Amanah Malaysia Bhd will serve as the principal adviser and lead manager for the programme.
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WM Senibong acquires 270-acre land parcel with golf club in Johor

WM Senibong acquires 270-acre land parcel with golf club in Johor

news

Updated:
  • WM Senibong Bhd has acquired Kews Senibong Sdn Bhd and Senibong Golf Club land, totaling 270 acres.
  • The development, valued at RM400 million, aims for a balanced mix.
  • The upcoming Kew Woods will feature 260 landed homes with proximity to international schools and healthcare.
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Expert urges data centres to invest in own water sources

Expert urges data centres to invest in own water sources

news

Updated:
  • Data centre companies in Johor are urged to secure their own water sources to ease public supply pressure.
  • Professor Dr Mohd Fadhil Md Din emphasized the need for controlled groundwater exploration to protect resources.
  • To ensure that data centre development takes place in a more balanced, responsible and sustainable manner.
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All 34 sick PR1MA projects to be completed by March, says Nga

All 34 sick PR1MA projects to be completed by March, says Nga

news

Updated:
  • The Ministry of Housing aims to complete all sick PR1MA projects by March, with 34 initially abandoned.
  • Minister Nga Kor Ming announced that 33 projects are finished, with one nearing completion.
  • Penang's Chief Minister highlighted progress in affordable housing, reaching 77.35% of their 2030 target.
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FT minister pledges RM20,000 to PAM to revitalise KL public spaces

FT minister pledges RM20,000 to PAM to revitalise KL public spaces

news

Updated:
  • Hannah Yeoh pledged RM20,000 to Pertubuhan Akitek Malaysia to enhance Kuala Lumpur's public spaces.
  • The Kuala Lumpur Architectural Festival 2026 aims to engage various communities in urban transformation.
  • Key challenges include improving public housing and facilities, while inspiring youth to pursue architecture careers.
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MN Holdings bags data centre substation contracts worth RM123m

MN Holdings bags data centre substation contracts worth RM123m

news

Updated:
  • MN Holdings Bhd secured four contracts worth RM122.7 million for data centre projects in Malaysia.
  • The contracts were awarded to its subsidiary, MN Utilities Engineering, by a US-based customer.
  • These projects will enhance MN Holdings' order book to RM918.1 million and are set to complete by June 2027.
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Binastra bags largest-ever contract worth RM1.2 bil for Exsim’s JB Causewayz Square project

Binastra bags largest-ever contract worth RM1.2 bil for Exsim’s JB Causewayz Square project

news

Updated:
  • Binastra Corporation Bhd has secured its largest contract, worth RM1.2 billion, with Causewayz Square.
  • The project includes a 63-storey serviced apartment with 4,525 units and is set to be completed in 34 months.
  • This contract boosts Binastra's order book to RM5.8 billion, reflecting strong demand in Johor Bahru.
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After axing affordable housing projects, Vestland lands two new construction jobs worth RM602 mil

After axing affordable housing projects, Vestland lands two new construction jobs worth RM602 mil

news

Updated:
  • Vestland Bhd has secured two new construction contracts worth RM602 million after terminating three others.
  • The first contract involves building factories and a hostel in Selangor, while the second focuses on a 69-storey Soho and a 78-storey Sovo in Kuala Lumpur.
  • Both contracts are expected to enhance Vestland's earnings and net assets over their durations.
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URA’s 30-year ‘trigger point’ to invoke redevelopment based on myth

URA’s 30-year ‘trigger point’ to invoke redevelopment based on myth

indepth

Updated:
  • The proposal to use a 30-year building age for redevelopment under the URA Bill is unsound.
  • Many buildings can last well beyond 30 years with proper maintenance, making age an unreliable indicator.
  • This approach risks unnecessary demolitions and financial burdens on homeowners without clear evidence of structural safety concerns.
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AFFIN Bank launches home loans up to 120% to cover renovations

AFFIN Bank launches home loans up to 120% to cover renovations

news

Updated:
  • AFFIN Bank has launched AFFIN Home Reno/-i, a home renovation financing solution.
  • This initiative offers up to 120% financing and flexible tenures of up to 35 years.
  • The event also introduced AFFIN Flexi Save/-i and the ATMOZFR app, enhancing customer experience and services.
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