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Govt may rethink preferential withholding tax as REIT sector deemed ‘mature’

Govt may rethink preferential withholding tax as REIT sector deemed ‘mature’

news

Updated:
  • The government is reviewing whether to renew the preferential withholding tax on dividends from REITs.
  • The REIT market capitalisation has grown to RM57 billion, indicating strong viability.
  • A possibility that Malaysia’s gross domestic product (GDP) forecast could be revised upwards in April.
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Nestcon shareholders back property debut with RM1.37 bil Johor project

Nestcon shareholders back property debut with RM1.37 bil Johor project

news

Updated:
  • Nestcon Bhd secured shareholder approval for a RM95 mil land acquisition in Johor.
  • Nestcon Iskandar plans a mixed development on the land with an estimated GDV of about RM1.37 bil.
  • The board believes the proposals will provide an alternative revenue stream.
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Data centres to guzzle one-third of Malaysia’s electricity by 2035, govt taking measures to ensure supply

Data centres to guzzle one-third of Malaysia’s electricity by 2035, govt taking measures to ensure supply

news

Updated:
  • Malaysia's data centres are expected to consume one-third of Malaysia's electricity supply by 2035.
  • The government is taking steps to ensure stable power.
  • Measures include extending plant operations and encouraging self-generation.
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Semantan Estate hearing for 1956 compensation to proceed on Aug 1

Semantan Estate hearing for 1956 compensation to proceed on Aug 1

news

Updated:
  • The High Court will hear Semantan Estate's compensation case on Aug 1, 14, and Sept 1.
  • A stay application was dismissed on grounds the case had been going on since 1956.
  • The court prioritised early disposal, citing potential prejudice to the government.
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DBKL councillor system put on hold as govt focuses on governance reforms — minister

DBKL councillor system put on hold as govt focuses on governance reforms — minister

news

Updated:
  • The proposed councillor system for Kuala Lumpur City Hall (DBKL) will not be introduced for now.
  • Putrajaya decided not to introduce a councillor system as it could create an additional decision-making layer.
  • The government will strengthen existing governance instead.
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Wong Yik Fong appointed Majestic Gen CEO effective July 1

Wong Yik Fong appointed Majestic Gen CEO effective July 1

news

Updated:
  • Majestic Gen appointed Wong Yik Fong as CEO, effective July 1, 2026.
  • This move strengthens leadership for future expansion and succession planning.
  • Wong will oversee daily operations and project delivery.
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Stray wire caused minor explosion at LRT station — Rapid KL

Stray wire caused minor explosion at LRT station — Rapid KL

news

Updated:
  • A thin wire caused a minor explosion on a Rapid KL LRT train.
  • The wire was not part of the train or rail infrastructure.
  • No injuries occurred, and services continued normally.
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UEM Sunrise exits ONE15 marina JV via RM50,000 disposal of Puteri Harbour unit

UEM Sunrise exits ONE15 marina JV via RM50,000 disposal of Puteri Harbour unit

news

Updated:
  • UEM Sunrise is selling its 40% stake in Sarandra Malaysia Sdn Bhd for RM50,000.
  • This exits their marina joint venture with ONE15 Marina Holdings Pte Ltd.
  • In conjunction with the share sale, ONE15 will assume all residual rights, risks and obligations.
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Malvest Group, COOP OKB ink MoU to expand quality homeownership in Kelantan

Malvest Group, COOP OKB ink MoU to expand quality homeownership in Kelantan

news

Updated:
  • Partnership reflects the confidence placed in Malvest Group's track record.
  • Malvest's Arika Kubang Kerian has reached 85% completion and 65% sold.
  • Malvest hopes Arika will become a development that all Kelantanese can take pride in.
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Ant International’s KL hub to create jobs, boost local capabilities, says PM

Ant International’s KL hub to create jobs, boost local capabilities, says PM

news

Updated:
  • Ant International's Global Operations Centre in KL will create jobs and boost Malaysia's digital tech goals.
  • PM Anwar stressed innovation must benefit all, not just corporations.
  • He also highlighted balancing AI benefits with safeguards for human judgement.
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