PNB to assess Sunway's offer for IJM on commercial basis, says Fadillah

PNB to assess Sunway's offer for IJM on commercial basis, says Fadillah

news

Updated:
  • Permodalan Nasional Bhd (PNB) will evaluate Sunway Bhd’s offer for IJM Corporation based on various factors.
  • DPM Fadillah Yusof stated that PNB, as a minority shareholder, will assess the offer independently.
  • Sunway's takeover will only succeed if over 50% of IJM shareholders accept it.
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Virtual twins to support AI factories, says Nvidia CEO

Virtual twins to support AI factories, says Nvidia CEO

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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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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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Lagenda Properties’ earnings growth about to speed up, says CGS International

Lagenda Properties’ earnings growth about to speed up, says CGS International

news

Updated:
  • Lagenda Properties Bhd is set for earnings growth due to strong demand for affordable homes.
  • The company’s net profit margins may reach 19% by 2027, driven by a new earnings cycle.
  • Despite past challenges, Lagenda's stock remains attractive with a target price of RM2.03.
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Appellate court dismisses developer’s losses appeal over West Coast Expressway land acquisition

Appellate court dismisses developer’s losses appeal over West Coast Expressway land acquisition

news

Updated:
  • The Court of Appeal dismissed See Hee Yang's appeal for loss of profit after land acquisition for WCE.
  • The judge ruled that the developer's claim did not constitute "injurious affection".
  • The court upheld the compensation awarded and ordered the developer to pay costs to the respondents.
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ECRL: Govt to review laws for harsher cable theft penalties

ECRL: Govt to review laws for harsher cable theft penalties

news

Updated:
  • The government plans to review laws for harsher penalties on cable theft affecting strategic projects.
  • Home Minister Saifuddin Nasution emphasied the need for better security investments by rail operators.
  • Current penalties are inadequate, with the highest thefts recorded in Pahang, impacting the ECRL project.
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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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