GDB enters Sarawak property market with RM32.72m land purchase

GDB enters Sarawak property market with RM32.72m land purchase

news

Updated:
  • GDB Holdings Bhd is acquiring three leasehold land parcels in Kuching for RM32.72 million.
  • The development will include mixed-use facilities like serviced apartments and retail spaces.
  • The deal is expected to enhance GDB's project pipeline without significantly impacting FY2026 earnings.
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Dust concerns near Gelang Patah data centre site prompt enforcement review

Dust concerns near Gelang Patah data centre site prompt enforcement review

news

Updated:
  • Residents near the Nusajaya 2 Industrial Park raised concerns about dust pollution and construction hours.
  • Developer Tropicana Firstwide agreed to enhance dust mitigation measures and consider residents' CSR requests.
  • ZDATA clarified that their construction activities generate minimal dust and will not affect water supply.
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GDB says no authorised investment scheme promising 20% return

GDB says no authorised investment scheme promising 20% return

news

Updated:
  • GDB Holdings Bhd clarified it has not issued any share investment scheme promising a 20% return.
  • The company advised shareholders to exercise caution and avoid speculative trading in its securities.
  • GDB remains focused on its operations and communicates updates through Bursa Malaysia and its website.
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KPKT strengthens governance framework for MyKiosk following MACC review

KPKT strengthens governance framework for MyKiosk following MACC review

news

Updated:
  • The Ministry of Housing and Local Government is enhancing oversight for the MyKiosk initiative.
  • A MACC review found no corruption but revealed procedural gaps, prompting new guidelines forPBTs.
  • The initiative has expanded to support student entrepreneurship within campus ecosystems.
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Loke says govt ramping up efforts to expedite LRT3 opening

Loke says govt ramping up efforts to expedite LRT3 opening

news

Updated:
  • The Ministry of Transport is expediting the LRT3 opening to ease Klang Valley traffic congestion.
  • Minister Loke highlighted the need for more public transport options amid rising vehicle numbers.
  • He noted that vehicle sales reached 820,000 last year, making Malaysia the largest market in Southeast Asia.
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Wisma ELM structural framework intact—AmanahRaya REIT

Wisma ELM structural framework intact—AmanahRaya REIT

news

Updated:
  • The structural framework of Wisma ELM is intact after an independent engineering assessment.
  • No compromise to the building's integrity was found following the Jan 12 incident.
  • AmanahRaya REIT is prioritising safety and addressing any necessary repairs before resuming operations.
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UEM Sunrise completes RM500 mil Islamic medium-term note issuance with 12-year tenure

UEM Sunrise completes RM500 mil Islamic medium-term note issuance with 12-year tenure

news

Updated:
  • UEM Sunrise Bhd has issued RM500 million in Islamic medium-term notes under its IMTN programme.
  • The notes have a 12-year tenure, maturing on Feb 12, 2038.
  • Proceeds will fund shariah-compliant corporate purposes, including land acquisition and project development.
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PR1MA appoints Brian Iskandar Zulkarim as group CEO

PR1MA appoints Brian Iskandar Zulkarim as group CEO

news

Updated:
  • Brian Iskandar Zulkarim has been appointed CEO of PR1MA Corporation Malaysia, effective Jan 1, 2026.
  • He previously led Bandar Malaysia Sdn Bhd, advancing its development and master plan.
  • PR1MA's chairman expressed confidence in Brian's leadership to continue progress in the housing sector.
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UDA hands over UDA Heights in Johor

UDA hands over UDA Heights in Johor

news

Updated:
  • UDA Holdings Bhd has delivered keys to over 70 buyers of UDA Heights in Johor, ahead of schedule.
  • The project features bungalows and semi-detached houses, with prices starting at RM1.7 million.
  • UDA plans to launch three new projects in Bandar UDA Utama this year, focusing on quality and affordability.
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Paramount’s FY2025 profit attributable up 16% to RM118.82 mil

Paramount’s FY2025 profit attributable up 16% to RM118.82 mil

news

Updated:
  • Paramount saw its profit attributable to ordinary shareholders rise 16% to RM118.82 mil for FY2025.
  • Revenue eased 9% to RM946.87 million, mainly due to declines in property and investment segments.
  • The company expects a satisfactory outlook for FY2026, with unbilled sales of RM1.5 billion.
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