IGB, IGB Commercial REITs post strong 4Q property income on higher rentals

IGB, IGB Commercial REITs post strong 4Q property income on higher rentals

news

Updated:
  • IGB REIT and IGB Commercial REIT reported strong net property income growth in 4Q, driven by higher rentals.
  • IGB REIT's NPI surged 44.3% to RM155.7 million, while IGB Commercial REIT's NPI rose 37.5% to RM38.75 million.
  • Both declared distributions, IGB REIT at 2.97 sen per unit, IGB Commercial REIT at 1.10 sen per unit.
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Eco Business Park 8 First Look signals new industrial opportunities in JS-SEZ

Eco Business Park 8 First Look signals new industrial opportunities in JS-SEZ

news

Updated:
  • Eco Business Park 8 hosted a preview event on Jan 30, showcasing its role in the Johor-Singapore SEZ.
  • EBP8 aims to attract high-value investments and support advanced manufacturing and technology industries.
  • EBP8 enables investors to optimise cross-border operations while benefiting from facilitation support.
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Independent assessment confirms KLIA aerotrain system functioning as intended

Independent assessment confirms KLIA aerotrain system functioning as intended

news

Updated:
  • The KL International Airport aerotrain system is operating as intended.
  • No safety risks and the system achieved 100% operational availability in December 2025.
  • Malaysia Airports Holdings Bhd will continue to implement measures to enhance reliability.
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Nanta: Govt allocates RM350 mil to upgrade East-West Highway in Perak

Nanta: Govt allocates RM350 mil to upgrade East-West Highway in Perak

news

Updated:
  • The government has allocated RM350 million to upgrade the East-West Highway in Perak for safety and comfort.
  • Works Minister Nanta Linggi announced that RM170 million will widen roads at 17 locations, enhancing safety.
  • Additionally, RM40 million is set for maintenance work to improve road conditions throughout the year.
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Ahmad Maslan: Senai–Desaru Expressway upgrading 55% complete, due April 2027

Ahmad Maslan: Senai–Desaru Expressway upgrading 55% complete, due April 2027

news

Updated:
  • The Senai-Desaru Expressway upgrade is 55% complete and is expected to be ready by April 2027.
  • This RM160 million project spans 9.34 kilometers and aims to boost tourism in Desaru.
  • Traffic management during construction is efficient, ensuring smooth flow without disruptions.
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Penang MACC to call up more individuals over alleged zakat-funded land purchase

Penang MACC to call up more individuals over alleged zakat-funded land purchase

news

Updated:
  • The MACC will call more individuals for statements in a power abuse case.
  • The investigation involves a senior state official's land purchase using zakat funds.
  • The state government will give space to the MACC's probe and not interfere with it.
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Sentoria Group co-founder Gan Kim Leong sells out of PN17 firm

Sentoria Group co-founder Gan Kim Leong sells out of PN17 firm

news

Updated:
  • Sentoria Group Bhd's co-founder Datuk Gan Kim Leong has sold his indirect stake in Sentoria Capital.
  • Sentoria Capital is now jointly owned by Rock Base Development and Chan Ah Sin.
  • The group has been in the red since FY2019 and fell into PN17 status in December 2024.
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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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IGB, IGB Commercial REITs post strong 4Q property income on higher rentals