From township builder to AI landlord: Sime Darby Property resets game plan, aims for data centre dominance

From township builder to AI landlord: Sime Darby Property resets game plan, aims for data centre dominance

news

Updated:
  • Sime Darby Property Bhd is shifting from residential development to data centre leasing under its SHIFT25 strategy.
  • The Elmina Business Park is becoming a key data centre hub, with significant lease commitments expected to boost recurring income.
  • Investors are now focusing on long-term lease agreements and megawatts secured, indicating a transformation in the company's earnings profile.
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Kerjaya Prospek poised for solid 4Q as projects near completion

Kerjaya Prospek poised for solid 4Q as projects near completion

news

Updated:
  • Kerjaya Prospek Group Bhd is set for strong 4QFY2025 earnings, projected at RM60-70 million.
  • The growth is driven by higher billings and contributions from major projects like Astrum Ampang.
  • RHB warns of potential risks from a slowing property market but maintains a 'buy' rating with a target price of RM3.35.
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IOI Properties CEO’s RM100m share purchases highlight potential REIT-led re-rating

IOI Properties CEO’s RM100m share purchases highlight potential REIT-led re-rating

news

Updated:
  • Datuk Lee Yeow Seng of IOI Properties Group has made significant share purchases, totaling over RM100 million.
  • The company plans dual REIT listings in Malaysia and Singapore, potentially reshaping its capital structure.
  • Analysts predict that successful listings could lower IOIPG's gearing and enhance its income profile.
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Battersea Power Station appoints Studio Egret West to evolve final 16 acres

Battersea Power Station appoints Studio Egret West to evolve final 16 acres

news

Updated:
  • Battersea Power Station Development Company has appointed Studio Egret West for the final 16 acres.
  • The project aims to adapt to modern lifestyle changes, enhancing the mixed-use riverside district.
  • With over 2,200 homes and 800,000 sq ft of office space completed, the development continues to evolve.
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Kerjaya Prospek bags RM502 mil contract for reclamation and dredging works for Seri Tanjung Pinang

Kerjaya Prospek bags RM502 mil contract for reclamation and dredging works for Seri Tanjung Pinang

news

Updated:
  • Kerjaya Prospek Group Bhd has secured a RM502.27 million contract for reclamation works in Penang.
  • The project, set to start on March 11, 2026, will enhance the company's revenue over three years.
  • Seri Tanjung Pinang is a 240-acre seafront development by E&O in Tanjung Tokong, Penang.
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LRT3 set to operate from June 2026, Loke tells Dewan Negara

LRT3 set to operate from June 2026, Loke tells Dewan Negara

news

Updated:
  • The delayed Light Rail Transit 3 (LRT3) line is set to be operational by June this year.
  • To date, 14 out of 22 train sets have completed trials, with the remaining eight still undergoing testing.
  • It was initially to begin operations in July 2025 but was later pushed to December 2025 and now June 2026.
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Technical issues disrupt LRT Kelana Jaya Line's operation

Technical issues disrupt LRT Kelana Jaya Line's operation

news

Updated:
  • The LRT Kelana Jaya Line faced disruptions during peak hours due to technical issues.
  • Rapid KL reported longer waiting times and apologised for the inconvenience.
  • Commuters expressed frustration, especially after the Chinese New Year holiday.
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Nga: Non-Act 672 states to enforce littering offences through respective local authorities

Nga: Non-Act 672 states to enforce littering offences through respective local authorities

news

Updated:
  • States not adopting the Solid Waste Act 2007 will enforce littering via local authorities.
  • Perak, Penang, Kelantan, Terengganu, and Selangor are among those states.
  • From Jan 1, 2026, littering will incur community service and fines under the Act.
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Public inspection for LRT Mutiara Line extension linking Penang Island and Seberang Perai

Public inspection for LRT Mutiara Line extension linking Penang Island and Seberang Perai

news

Updated:
  • MRT Corp is conducting a Public Inspection from Feb 24 to May 24, 2026, for the LRT Mutiara Line extension.
  • The revised scheme includes a cross-sea rail link and additional parking at Penang Sentral.
  • The LRT Mutiara Line will span 29.67km with 20 stations, expected to start operations in December 2031.
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YTL Live partners Aviva for UK indoor arena project

YTL Live partners Aviva for UK indoor arena project

news

Updated:
  • YTL Live has partnered with Aviva for a long-term sponsorship of Bristol's new 20,000-capacity arena.
  • The venue, named Aviva Arena, is set to open in late 2028 and will host over 120 major events annually.
  • The project will create 2,000 jobs and contribute £1 billion to the Bristol economy in its first decade.
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