Sarawak Consolidated Industries cancels financing facilities after reassessing funding needs post-divestment

Sarawak Consolidated Industries cancels financing facilities after reassessing funding needs post-divestment

news

Updated:
  • Sarawak Consolidated Industries Bhd has canceled RM49 million financing facilities after selling SCM.
  • The cancellation follows a RM113 million divestment deal with YTL Cement, enhancing SCIB's financial position.
  • Executive chairman Datuk Chong Loong Men stated this decision reflects prudent financial management.
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AME REIT extends record quarterly net property income, declares 2.06 sen distribution

AME REIT extends record quarterly net property income, declares 2.06 sen distribution

news

Updated:
  • AME Real Estate Investment Trust reported a 23% increase in net property income for 3QFY2026.
  • The trust's revenue rose 25% to RM16.03 million, with a DPU of 2.06 sen declared.
  • AME REIT's portfolio includes 40 industrial properties and three industrial-related workers’ dormitories.
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Melaka CM touts RM9b data centre investment by Hong Kong-based firm in Jasin

Melaka CM touts RM9b data centre investment by Hong Kong-based firm in Jasin

news

Updated:
  • Melaka will receive over RM9 billion for its first AI-based data centre, led by Victoria Data Centre.
  • The project aims to enhance Melaka's digital infrastructure and create skilled job opportunities.
  • It is part of a broader strategy to position the state as a sustainable innovation hub.
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Malaysia gained extra 780 hectares after border re-demarcation with Indonesia—PM

Malaysia gained extra 780 hectares after border re-demarcation with Indonesia—PM

news

Updated:
  • Malaysia has gained 780 hectares after re-measuring border areas with Indonesia, says PM Anwar Ibrahim.
  • The villages of Kampung Kabulangalor, Lepaga, and Tetagas are now confirmed as Malaysian territory.
  • Claims of Malaysia ceding land to Indonesia are false, as all boundaries were agreed upon by both governments.
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Virtual twins to support AI factories, says Nvidia CEO

Virtual twins to support AI factories, says Nvidia CEO

news

Updated:
  • Nvidia's CEO Jensen Huang predicts design will shift to virtual twins, simulating real-world physics.
  • This change supports AI-driven re-industrialization, enhancing intelligent manufacturing.
  • Nvidia's partnership with Dassault Systèmes aims to create a trustworthy foundation for industrial AI.
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Binastra bags RM503 mil data centre job in KL

Binastra bags RM503 mil data centre job in KL

news

Updated:
  • Binastra Corp Bhd has secured a RM503 million contract for a data centre in Kuala Lumpur.
  • The project will start on Feb 19, 2026, and is expected to take 20 months to complete.
  • Binastra's outstanding jobs now exceed RM7 billion, marking a new record for the company!
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PNB to independently assess Sunway’s takeover bid for IJM, says Fadillah

PNB to independently assess Sunway’s takeover bid for IJM, says Fadillah

news

Updated:
  • Permodalan Nasional Bhd will evaluate Sunway Bhd’s offer for IJM Corporation based on various factors.
  • PNB and its funds hold a 12.94% stake in IJM. The EPF is IJM’s largest shareholder with a 20.26% stake.
  • Sunway's takeover will only succeed if over 50% of IJM shareholders accept it.
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Malaysia My Second Home: 744 participants bought homes in country, says minister

Malaysia My Second Home: 744 participants bought homes in country, says minister

news

Updated:
  • As of Dec 31, 2025, 744 participants of the MM2H programme have bought homes in Malaysia.
  • The top buyers are from China, Taiwan, and Singapore, with 2,637 more in the purchasing process.
  • The MM2H scheme offers long-term social visit passes but does not provide citizenship or permanent residency.
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IOI Properties sells 136 acres of industrial land for RM740 mil

IOI Properties sells 136 acres of industrial land for RM740 mil

news

Updated:
  • IOI Properties Group Bhd sold three plots at IOI Industrial Park @ Banting for RM740.68 million.
  • The acquisition by Bridge Data Centres will expand their data centre operations.
  • By establishing IOI Industrial Park series in 2024 , the group is aligned with nation-building initiatives.
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Mah Sing to revive two RMKU affordable housing projects in Penang

Mah Sing to revive two RMKU affordable housing projects in Penang

news

Updated:
  • Mah Sing Group will finance the revival of two affordable housing projects in Balik Pulau, Penang.
  • The projects, Pangsapuri Sri Bayu and Pangsapuri Quinton, were launched in 2017 but left incomplete.
  • This initiative supports the Penang government's goal of providing 220,000 affordable housing units by 2030.
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Sarawak Consolidated Industries cancels financing facilities after reassessing funding needs post-divestment