Rimbunan Sawit disposes of 1,504ha Miri land for RM28m to exit loss-making remote estate

Rimbunan Sawit disposes of 1,504ha Miri land for RM28m to exit loss-making remote estate

news

Updated:
  • Rimbunan Sawit Bhd is selling a 1,504-hectare plantation in Miri for RM28 million.
  • The company expects a loss of RM3.6 million from this disposal, which aims to cut high transportation costs.
  • Proceeds will fund working capital and investments in more profitable estates, with completion expected in late 2026.
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Amid MACC probe into IJM, Sunway presses on with takeover offer

Amid MACC probe into IJM, Sunway presses on with takeover offer

news

Updated:
  • Sunway Bhd is continuing its takeover offer for IJM Corp despite a probe by the MACC.
  • The offer, worth RM11 billion, requires shareholder approval at an upcoming extraordinary general meeting.
  • Failure to secure approval could prevent Sunway from making another offer for the next 12 months.
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IJM says less than 10 bank accounts frozen by MACC, no impact on ops

IJM says less than 10 bank accounts frozen by MACC, no impact on ops

news

Updated:
  • IJM Corp Bhd stated that the freezing of some bank accounts by MACC does not affect its operations.
  • The company is cooperating with authorities amid ongoing investigations into alleged money laundering.
  • The investigation came to light just days after IJM emerged as a takeover target for Sunway Bhd.
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KIP REIT’s 2QFY2026 NPI rises nearly 50%, sees well-supported 3Q

KIP REIT’s 2QFY2026 NPI rises nearly 50%, sees well-supported 3Q

news

Updated:
  • KIP Real Estate Investment Trust's net property income rose 49.9% to RM32.41 million in 2QFY2026.
  • Revenue increased 44.9% to RM43.47 million, driven by new assets like DPulze Shopping Centre.
  • The REIT expects higher footfall due to festive seasons and the Sara scheme rollout, boosting tenant sales.
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Govt targets 100,000 homeowners under Housing Credit Guarantee Scheme by year-end

Govt targets 100,000 homeowners under Housing Credit Guarantee Scheme by year-end

news

Updated:
  • The government plans to help over 100,000 individuals buy their first homes via the SJKP scheme this year.
  • As of September 2025, SJKP has approved RM23.17 billion in guarantees, aiding 97,180 buyers.
  • The scheme targets B40 and M40 groups, offering financing guarantees up to RM500,000 and easing upfront costs.
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E&O’s Laman Embun achieves 100% take-up

E&O’s Laman Embun achieves 100% take-up

news

Updated:
  • E&O's Laman Embun in Elmina, Shah Alam, has achieved full take-up within a week of its November 2025 launch.
  • The upcoming Seri Embun township aims to create a cohesive environment for living and working.
  • E&O's growth strategy focuses on key markets, including Kuala Lumpur, Penang, Johor, and Central London.
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Gamuda Land UK sharpens focus on offices and student housing amid shifting market conditions

Gamuda Land UK sharpens focus on offices and student housing amid shifting market conditions

news

Updated:
  • Gamuda Land UK is focusing on a major office development in London and expanding student accommodation.
  • Gamuda Land UK’s GDV stands at about £1.5 billion (RM8.17 billion), with the bulk in office development.
  • The company is also exploring opportunities in the industrial and logistics sectors.
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April trial dates maintained by High Court for Semantan Estate’s damages from 1956

April trial dates maintained by High Court for Semantan Estate’s damages from 1956

news

Updated:
  • The High Court has upheld the April hearing dates for Semantan Estate's compensation case.
  • Semantan Estate's request for adjournment was denied due to the govt's readiness and potential interest costs.
  • The court emphasized the need to resolve the matter promptly, maintaining deadlines for filing and hearings.
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Govt backbencher urges swift tabling of Residential Tenancy Act as more Malaysians turn to renting

Govt backbencher urges swift tabling of Residential Tenancy Act as more Malaysians turn to renting

news

Updated:
  • A government backbencher urged for the swift tabling of the Residential Tenancy Act..
  • He emphasized the need for tenant protection to prevent unjustified and sudden rent hikes.
  • Many young Malaysians, particularly in urban areas, are choosing to rent as they prioritise flexibility.
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IJM rejects money-laundering, UK probe allegations amid MACC inquiry

IJM rejects money-laundering, UK probe allegations amid MACC inquiry

news

Updated:
  • IJM Corp Bhd denied money laundering allegations and claims of a UK investigation.
  • The company stated it has not been approached by the UK's Serious Fraud Office regarding these matters.
  • Group chairman Tan Sri Krishnan Tan met officers from the MACC. Operations remain unaffected
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