Selangor Dredging acquires Petaling Jaya land for RM63 mil, eyes RM507 mil GDV project

Selangor Dredging acquires Petaling Jaya land for RM63 mil, eyes RM507 mil GDV project

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Updated:
  • Selangor Dredging is acquiring commercial land in Petaling Jaya for RM63 million, exceeding its RM59 million valuation.
  • The site will be developed into a high-rise serviced apartment project, enhancing their land bank.
  • Funding will come from internal funds and bank borrowings, with completion expected by Q2 of FY 2027.
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Revised land tax formula fairer on all landowners, says Penang CM

Revised land tax formula fairer on all landowners, says Penang CM

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Updated:
  • Penang's new land tax formula, effective 2026, ensures fair treatment for all landowners.
  • Tax rates are based on current land use, with specific rates for urban and rural areas.
  • The state offers support measures like rebates and flexible appeals to help landowners adjust.
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Every step counts: The real impact of floor safety on frontline workers

Every step counts: The real impact of floor safety on frontline workers

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Updated:
  • In 2023, Malaysia reported over 9,000 workplace injuries from falls, highlighting safety concerns.
  • Sun Synergy emphasises that proper flooring design is crucial for preventing accidents.
  • Innovative flooring technologies and regular maintenance can significantly enhance safety.
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Green is the new spec: Inside Malaysia’s industrial sustainability race

Green is the new spec: Inside Malaysia’s industrial sustainability race

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Updated:
  • Developers are increasingly prioritising green-certified facilities for long-term competitiveness.
  • Malaysia's green building market is growing rapidly, with operational savings and higher property values.
  • The focus is shifting towards reducing embodied carbon emissions.
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Mah Sing opens M Aurora sales gallery, 96% of Tower B Phase 1A taken

Mah Sing opens M Aurora sales gallery, 96% of Tower B Phase 1A taken

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Updated:
  • Mah Sing Group Bhd has launched the M Aurora sales gallery in Old Klang Road.
  • The initial Tower B Phase 1A recorded a 96% take-up rate.
  • Tan Sri Leong Hoy Kum said said Old Klang Road was chosen because location is always the key focus.
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Tropicana narrows FY2025 loss to RM15.5m as revenue rises 6% to RM1.5b; balance sheet strengthens

Tropicana narrows FY2025 loss to RM15.5m as revenue rises 6% to RM1.5b; balance sheet strengthens

news

Updated:
  • Tropicana Corp Bhd reported RM1.5 billion revenue for FY2025, a 6% increase from FY2024.
  • It narrowed loss before tax to RM15.5 million, aided by lower finance costs and operational improvements.
  • Tropicana aims for growth in 2026, focusing on asset-light strategies and ongoing developments.
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Contractors, material firms face cost pressures amid Middle East conflict, CIMB Securities flags

Contractors, material firms face cost pressures amid Middle East conflict, CIMB Securities flags

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Updated:
  • Contractors face margin pressure from rising costs due to Middle East conflicts, says CIMB Securities.
  • The firm downgraded its FBM KLCI target to 1,754 points, reflecting a more defensive stance.
  • CIMB added defensive stocks to its top picks while downgrading some sectors to 'neutral'.
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Sunway's ongoing takeover offer for IJM under MACC investigation, says Azam Baki

Sunway's ongoing takeover offer for IJM under MACC investigation, says Azam Baki

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Updated:
  • Malaysia's anti-graft agency is investigating Sunway Bhd's takeover offer for IJM Corp Bhd.
  • The Malaysian Anti-Corruption Commission is concerned about potential corruption involving public funds.
  • Additionally, two other investigation papers on IJM are open, including one related to bribery.
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TA Global launches Tower B of Amaya Residences

TA Global launches Tower B of Amaya Residences

news

Updated:
  • TA Global Bhd launched Tower B of Amaya Residences on March 1, with an 80% take-up for Tower A.
  • The development features two 68-storey towers, with Tower B offering 634 units and family-oriented amenities.
  • Residents will enjoy direct access to retail outlets at DA Central Mall, enhancing community living.
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Tropicana formalises 10 MOUs to strengthen hospitality ecosystem ahead of T Journey launch

Tropicana formalises 10 MOUs to strengthen hospitality ecosystem ahead of T Journey launch

news

Updated:
  • Tropicana Corp Bhd has signed 10 MOUs to enhance its hospitality ecosystem ahead of T Journey's launch.
  • The T Journey platform aims to provide seamless travel experiences and boost sustainable tourism in Langkawi.
  • Its first residences, Tropicana Cenang, will feature serviced suites and retail spaces.
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