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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OSK Property partners RHB to launch green financing scheme

OSK Property partners RHB to launch green financing scheme

news

Updated:
  • OSK Property Holdings Bhd and RHB Banking Group launched a green financing scheme for homebuyers.
  • Eligible buyers can access up to 110% financing for green-certified homes in selected developments.
  • This initiative aims to enhance financial accessibility and promote sustainable homeownership in Malaysia.
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Govt may reconsider support for ‘mature’ REIT sector, says Amir Hamzah

Govt may reconsider support for ‘mature’ REIT sector, says Amir Hamzah

news

Updated:
  • The government may reconsider support for the mature REIT sector, says Finance Minister II Amir Hamzah.
  • The REIT market capitalisation has grown to RM57 billion, indicating strong viability.
  • He expressed optimism for a positive growth outlook revision in April, focusing on economic stability.
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Long-awaited Residential Tenancy Act to be tabled this year—minister

Long-awaited Residential Tenancy Act to be tabled this year—minister

news

Updated:
  • The Residential Tenancy Act (RTA) is nearing completion and will be tabled this year.
  • It aims to create a regulated rental market to protect landlords and tenants.
  • The RTA's progress follows the Cabinet's withdrawal of the Urban Renewal Act for revisions after feedback.
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Binastra's data centre job wins could pave way for bigger opportunities—analysts

Binastra's data centre job wins could pave way for bigger opportunities—analysts

news

Updated:
  • Binastra Corporation Bhd is expanding beyond residential projects with data centre job wins.
  • Analysts see potential for further opportunities in sewage and solar projects.
  • The company's order book reached RM7 billion after a recent RM503 million data centre contract.
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IOI Properties may book massive income from premium land sale, analysts say as stock rises

IOI Properties may book massive income from premium land sale, analysts say as stock rises

news

Updated:
  • IOI Properties Group may see a significant profit boost from selling 136 acres of industrial land.
  • Analysts estimate a 33%-42% increase in net profit for FY2027, with a gross margin of about 60%.
  • The company still has 186 acres available for development, enhancing its marketability and pricing power.
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Lincotec Technology Malaysia breaks ground for facility at Senai Airport City Free Zone

Lincotec Technology Malaysia breaks ground for facility at Senai Airport City Free Zone

news

Updated:
  • Lincotec Technology (Malaysia) Sdn Bhd has begun construction on a semiconductor facility in Johor.
  • This investment marks Linco Technology's first manufacturing venture in Asean.
  • The plant will focus on advanced semiconductors, boosting Johor's status as a high-tech industrial hub.
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Court-convicted litterbugs to do community service simultaneously on Feb 13—Nga

Court-convicted litterbugs to do community service simultaneously on Feb 13—Nga

news

Updated:
  • On February 13, offenders convicted of littering will perform community service, said Minister Nga Kor Ming.
  • 600 littering notices have been issued, with 46 cases mentioned in court and three resulting in convictions.
  • Nga emphasised that this initiative aims to educate the public on cleanliness, not just punish offenders.
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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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