URA Bill misstep highlights greater professionalism needed from ministers, civil servants

URA Bill misstep highlights greater professionalism needed from ministers, civil servants

indepth

Updated:
  • On January 23, the Madani Cabinet withdrew the Urban Renewal Bill for comprehensive revisions.
  • This decision followed criticism from various stakeholders regarding serious structural flaws in the Bill.
  • Episode highlights the need for civil servants to give rigorous legal advice and ensure legislative integrity.
Read More
Radium completes RM45m Ampang land acquisition

Radium completes RM45m Ampang land acquisition

news

Updated:
  • Radium Development Bhd has completed its RM45 million land acquisition in Bandar Ampang, Selangor.
  • The sale became unconditional on July 23, 2025, with full payment made on Feb 13, 2026.
  • Vacant possession was delivered on Jan 31, 2026, after extensions were granted without penalties.
Read More
EPF lifts stake in KLCC Stapled Group to 10.95%

EPF lifts stake in KLCC Stapled Group to 10.95%

news

Updated:
  • The EPF has increased its interest in the KLCC Stapled Group by acquiring additional securities.
  • EPF now holds 197,693,975 stapled securities, a 10.951% stake.
  • This acquisition was disclosed on Feb 19, following a notice dated Feb 13.
Read More
EPF raises stake in IOI Properties; group CEO Lee buys 10.7m shares

EPF raises stake in IOI Properties; group CEO Lee buys 10.7m shares

news

Updated:
  • EPF increased its stake in IOI Properties by acquiring 1,269,200 shares on Feb 12, 2026.
  • CEO Datuk Lee Yeow Seng disclosed that he had acquired 10,690,300 ordinary shares on Feb 16, 2026.
  • The disclosures fall under the reporting requirements for changes in the interests of substantial shareholders
Read More
SPNB to build 6,545 Rumah Mesra Rakyat units nationwide in 2026

SPNB to build 6,545 Rumah Mesra Rakyat units nationwide in 2026

news

Updated:
  • SPNB will build 6,545 Rumah Mesra Rakyat units in 2026 to enhance affordable housing access.
  • It will be implemented in phases, starting with 1,623 completed units and 2,300 units beginning next week.
  • Eligible applicants can apply through SPNB’s website to receive financial support for home construction.
Read More
Sunway discloses institutional dealings during ongoing takeover offer

Sunway discloses institutional dealings during ongoing takeover offer

news

Updated:
  • Sunway Bhd reported share dealings by institutional parties during its takeover offer period.
  • The transactions involved the Employees Provident Fund Board, Malayan Banking Bhd, and UBS AG.
  • This announcement serves as a regulatory update and does not alter the offer terms.
Read More
Pavilion REIT issues 3.12 million units for part payment of management fees

Pavilion REIT issues 3.12 million units for part payment of management fees

news

Updated:
  • Pavilion REIT will issue 3.12 million new units to settle management fees for 2H2025.
  • The units will be priced at RM1.9236 each, based on the average price prior to the announcement.
  • This issuance will increase total units to 3,927,958,409, with listing set for Feb 20, 2026.
Read More
Seal hands over control of 31.5-acre Penang reclamation project to property developer GSD Land

Seal hands over control of 31.5-acre Penang reclamation project to property developer GSD Land

news

Updated:
  • Seal Inc Bhd is transferring control of its Penang reclamation project to Titanium Greenview Sdn Bhd.
  • This partnership reduces Seal's financial risk while retaining a 17.66% stake in Mutiara Waterfronts.
  • The collaboration aims to revive the project and is expected to be effective by the second quarter of 2026.
Read More
Johan Holdings’ unit to sell Lumut hotel and adjoining land for RM47.4m

Johan Holdings’ unit to sell Lumut hotel and adjoining land for RM47.4m

news

Updated:
  • Johan Holdings Bhd is selling a hotel and land in Lumut for RM47.43 million, nearly doubling its market cap.
  • The properties were sold below market value, with the hotel at RM32.96 million, a 1.03% discount.
  • The sale is pending shareholder approval and is expected to complete by 3Q2026.
Read More
Johor denies data centres cause of Pontian, Simpang Renggam water supply disruption

Johor denies data centres cause of Pontian, Simpang Renggam water supply disruption

news

Updated:
  • The Johor govt dismissed claims linking water supply issues in Pontian and Simpang Renggam to data centres.
  • Scheduled disruptions are due to low raw water levels from drought, not data centre development.
  • Cloud seeding operations are underway to improve water levels and mitigate the situation.
Read More
Bites
URA Bill misstep highlights greater professionalism needed from ministers, civil servants