GuocoLand posts lower 2Q profit as property contributions ease

GuocoLand posts lower 2Q profit as property contributions ease

news

Updated:
  • GuocoLand (Malaysia) Bhd reported a 9.48% drop in net profit to RM6.67 million for 2QFY2026.
  • Revenue rose 4.62% to RM150.82 million, driven by strong sales and improved hotel performance.
  • The company anticipates moderate growth in the Malaysian property market for 2026.
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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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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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GuocoLand posts lower 2Q profit as property contributions ease