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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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GuocoLand Malaysia shares to be suspended on July 30 ahead of privatisation

GuocoLand Malaysia shares to be suspended on July 30 ahead of privatisation

news

Updated:
  • GuocoLand (Malaysia) Bhd (GLM) shares will be suspended from trading on July 30, 2026.
  • This is for a privatisation via selective capital reduction and repayment.
  • Shareholders will receive RM1.10 cash per share for this exercise.
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Berjaya Property proposes RM58 mil subscription for 29% stake in Manjaran

Berjaya Property proposes RM58 mil subscription for 29% stake in Manjaran

news

Updated:
  • Berjaya Property Bhd plans to acquire a 29% stake in Manjaran Sdn Bhd for RM58 mil.
  • This investment provides exposure to the Perlis Maritime Corridor development.
  • The deal involves issuing new shares and aims for future earnings growth.
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PMW International invests RM43.76 mil in new Bemban spun pile facility in Perak

PMW International invests RM43.76 mil in new Bemban spun pile facility in Perak

news

Updated:
  • PMW International is building a new concrete pile facility in Perak.
  • This RM43.76 mil project will boost production capacity significantly.
  • Operations are expected to begin in 3Q2027.
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PRISM partners AZRB, UMLand to manage two Malaysian hotel assets

PRISM partners AZRB, UMLand to manage two Malaysian hotel assets

news

Updated:
  • PRISM partners with AZRB and UMLand to manage two Malaysian hospitality assets.
  • They will operate Residence Inn Cherating and Sunday Hotel Near Petronas Twin Tower.
  • These collaborations boost PRISM's growth in Malaysia and Southeast Asia.
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CIMB Securities flags diverging outlook between asset classes in Johor

CIMB Securities flags diverging outlook between asset classes in Johor

news

Updated:
  • Johor's property market shows a two-speed trend, says CIMB Securities.
  • Prime industrial land prices in Johor have reportedly risen to RM150 psf from RM70 to RM80 psf in 2024.
  • High-rise residential units face oversupply risks, despite overall growth.
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TCS Group proposes 20% share placement, diversification into property development

TCS Group proposes 20% share placement, diversification into property development

news

Updated:
  • TCS Group Holdings proposes a private placement of 152.72 million shares.
  • They also plan to diversify into property development activities.
  • An EGM on August 5 will seek shareholder approval for these changes.
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SDCG unit accepts RM18.5 mil BMS upgrade contract for Klang Valley rail stations

SDCG unit accepts RM18.5 mil BMS upgrade contract for Klang Valley rail stations

news

Updated:
  • SDCG's subsidiary secured an RM18.5 mil contract.
  • It will upgrade building management systems at Klang Valley railway stations.
  • This project spans 24 months, starting July 2026.
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TAFI accepts RM135 mil related-party construction job in Setia Alam

TAFI accepts RM135 mil related-party construction job in Setia Alam

news

Updated:
  • TAFI Home & Office Sdn Bhd secured a RM135 mil contract.
  • It will construct a mixed-use development in Setia Alam, Selangor.
  • This project includes apartments, SOHO units, shops, and retail units.
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