EcoFirst posts lower 2Q profit on weaker showing by property, investment segments

EcoFirst posts lower 2Q profit on weaker showing by property, investment segments

news

Updated:
  • EcoFirst Consolidated Bhd reported a 28.5% decline in 2Q net profit to RM2.43 million.
  • Revenue fell 28.55% to RM78.28 million, with no dividend declared.
  • The company plans to launch a mixed development project in 2Q2026, valued over RM400 million.
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Anwar dismisses opposition’s claims that Malaysia ceded land to Indonesia as ‘nonsense’

Anwar dismisses opposition’s claims that Malaysia ceded land to Indonesia as ‘nonsense’

news

Updated:
  • Prime Minister Anwar Ibrahim again rejected claims that Malaysia ceded land to Indonesia.
  • He criticised the opposition for spreading false information and misusing freedom of speech.
  • “If they want clarification, they can ask the prime minister. Instead, they pass judgment and continue lying."
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MACC opens probe into alleged zakat fund land purchase abuse

MACC opens probe into alleged zakat fund land purchase abuse

news

Updated:
  • The Malaysian Anti-Corruption Commission is investigating a senior official for alleged power abuse.
  • The probe involves an alleged land purchase using zakat funds.
  • The Penang Islamic Religious Council is cooperating fully with the investigation.
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UMC signs 60-year lease with PDC for RM11.4 mil Batu Kawan industrial site

UMC signs 60-year lease with PDC for RM11.4 mil Batu Kawan industrial site

news

Updated:
  • UMediC Group Bhd has signed a 60-year lease for a 3.06-acre site in Batu Kawan Industrial Park.
  • The RM11.4 million investment will fund a new manufacturing facility to boost production capabilities.
  • This expansion aims to enhance operational efficiency and support long-term growth plans.
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MTAG to buy 7.5ha land in Johor Bahru for RM53.6 mil to expand industrial footprint

MTAG to buy 7.5ha land in Johor Bahru for RM53.6 mil to expand industrial footprint

news

Updated:
  • MTAG Group Bhd plans to acquire 7.54 hectares of land in Johor Bahru for RM53.58 million.
  • The land will enhance manufacturing capabilities, with part for future development or rental.
  • Approval for zoning conversion to industrial use is crucial for the group's expansion plans.
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SDS Group to buy Johor Bahru land for RM102 mil to build new factory

SDS Group to buy Johor Bahru land for RM102 mil to build new factory

news

Updated:
  • SDS Group Bhd is purchasing 14.3 hectares of land in Johor Bahru for RM101.7 million.
  • The acquisition is pending shareholder approval and aims to enhance manufacturing capabilities.
  • The property is directly opposite its existing operational facilities.
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EcoFirst to acquire two Penang land parcels for RM45 mil

EcoFirst to acquire two Penang land parcels for RM45 mil

news

Updated:
  • EcoFirst Consolidated Bhd is acquiring two land parcels in Penang for RM45 million to diversify earnings.
  • The Bolden Land and Collins Land will be developed into residential projects valued at RM563 million.
  • Funding will come from internal funds and bank borrowings, with development starting in late 2026 and 2027.
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NRES: Malay reserve land area in peninsula increases to 4.95 mil hectares in 2024

NRES: Malay reserve land area in peninsula increases to 4.95 mil hectares in 2024

news

Updated:
  • The total area of Malay reserve land in Peninsular Malaysia rose to 4.95 million hectares in 2024.
  • Kelantan has the largest MRL area at 1.36 million hectares, followed by Perak and Kedah.
  • The management of MRL is protected by legal frameworks, including Article 89 of the Federal Constitution.
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Malaysia and Singapore reaffirm economic commitment, set path for JS-SEZ launch

Malaysia and Singapore reaffirm economic commitment, set path for JS-SEZ launch

news

Updated:
  • Malaysia and Singapore are committed to enhancing economic cooperation via the Johor–Singapore partnership.
  • The JS-SEZ will leverage Johor's resources and Singapore's technology to attract investments and create jobs.
  • A final governance structure for the Johor-Singapore Cooperation Ministerial Committee will be presented soon.
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Higher loans, longer tenures contributing to housing unaffordability—experts

Higher loans, longer tenures contributing to housing unaffordability—experts

news

Updated:
  • Extended mortgage tenures and higher loan-to-value ratios have inflated house prices.
  • Housing affordability remains a critical issue, especially for lower-income households.
  • Policy refinements and better-targeted housing supply are essential to address these challenges.
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