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Tropicana kicks off CNY campaign with RM2.89m rewards; new show units of Genting Highlands, Langkawi, Johor projects in PJ gallery

Tropicana kicks off CNY campaign with RM2.89m rewards; new show units of Genting Highlands, Langkawi, Johor projects in PJ gallery

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Updated:
  • Tropicana Corporation Bhd launched its CNY campaign with new show units and a brand film.
  • The campaign features exclusive rewards and runs until Feb 28, covering 11 developments.
  • Future projects will focus on resort-style living in Genting Highlands, Cyberjaya, and Langkawi.
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NCT Alliance appoints Ong Chou Wen as its first CEO

NCT Alliance appoints Ong Chou Wen as its first CEO

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Updated:
  • NCT Alliance Bhd has appointed Ong Chou Wen as its first CEO since its 2004 listing.
  • Ong has a strong background in property development, previously leading Tropicana Corp and WCT Holdings.
  • NCT Alliance's shares remain unchanged at 57 sen, with a market cap of RM1.21 billion.
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Melaka, Perlis and Putrajaya achieve zero abandoned housing projects as recovery efforts gain traction

Melaka, Perlis and Putrajaya achieve zero abandoned housing projects as recovery efforts gain traction

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Updated:
  • The Ministry of Housing in Malaysia reports zero abandoned projects in Melaka, Perlis, and Putrajaya.
  • Since 2023, 1,501 projects have been revived, delivering 176,687 housing units.
  • The focus remains on monitoring and coordination to achieve zero abandoned projects by 2030!
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UDA appoints veteran corporate leader Ahmad Fuaad Kenali as CEO

UDA appoints veteran corporate leader Ahmad Fuaad Kenali as CEO

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Updated:
  • UDA Holdings Bhd has appointed Datuk Ahmad Fuaad Mohd Kenali as CEO, effective April 1.
  • He brings over 30 years of experience in various sectors and aims to strengthen UDA's foundations.
  • Ahmad Fuaad is committed to driving growth and transformation with the support of the board and employees.
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IJM secures RM658 mil data centre contract in Elmina Business Park

IJM secures RM658 mil data centre contract in Elmina Business Park

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Updated:
  • IJM Corp Bhd has secured a RM658.01 million contract for a hyperscale data centre in Selangor.
  • Construction is set to begin in 2Q2026, with completion targeted for 3Q2027.
  • This is IJM's second contract in the Elmina Business Park, bringing the total project value to over RM1.9 bil.
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Apex court quashes NGO bid to challenge Bukit Cherakah’s degazettement in split 2-1 decision

Apex court quashes NGO bid to challenge Bukit Cherakah’s degazettement in split 2-1 decision

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Updated:
  • Federal Court rejected a judicial review by NGOs challenging the Selangor govt's removal of forest protection.
  • In a 2-1 decision, the court ruled against the NGOs' claims that the backdated degazettement was illegal.
  • The ruling impacts a contentious road project and highlights procedural concerns raised by the NGOs.
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Semantan Estate’s discovery application dismissed, hearing for compensation also deferred

Semantan Estate’s discovery application dismissed, hearing for compensation also deferred

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Updated:
  • The High Court dismissed Semantan Estate's discovery applications for documents related to land compensation.
  • Judge Roslan noted the government conducted thorough searches but found limited results.
  • The court rescheduled the assessment of damages to April 10, as both parties need time to exchange reports.
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Former KL Tower operator passes first hurdle in court to challenge last year's eviction notice

Former KL Tower operator passes first hurdle in court to challenge last year's eviction notice

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Updated:
  • Menara Kuala Lumpur Sdn Bhd and Hydroshoppe Sdn Bhd will challenge eviction notices in court.
  • The High Court allowed their judicial review against the Federal Lands Commissioner and the government.
  • The case involves allegations of contractual breaches related to the KL Tower concession award.
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Kenanga starts covering Al-Aqar Healthcare REIT for its recession-resistant portfolio

Kenanga starts covering Al-Aqar Healthcare REIT for its recession-resistant portfolio

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Updated:
  • Kenanga Investment Bank has rated Al-Aqar Healthcare REIT as 'outperform' due to its stable cash flows.
  • The REIT's portfolio is growing, with a target asset size of RM2.5 bil by 2028, bolstered by long-term leases.
  • However, risks include tenant concentration, as KPJ Healthcare is the main tenant for 90% of the portfolio.
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BHIC to dispose of Penang shipyard land for RM28 mil, expects RM14.4 mil gain

BHIC to dispose of Penang shipyard land for RM28 mil, expects RM14.4 mil gain

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Updated:
  • Boustead Heavy Industries Corp Bhd is selling three land parcels in Penang for RM28 million.
  • The sale aims to unlock value and generate cash flow, with an expected gain of RM14.39 million.
  • Proceeds will fund working capital, including settling payables and maintaining facilities.
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