Anwar Syahrin, former CEO of Malakoff and UEM Sunrise, passes away

Anwar Syahrin, former CEO of Malakoff and UEM Sunrise, passes away

news

Updated:
  • Anwar Syahrin Abdul Ajib, former CEO of Malakoff Corp and UEM Sunrise, passed away at 53.
  • He took the helm of UEM Sunrise in 2014. He joined Malakoff as the CEO from December 2020.
  • Anwar leaves behind a wife and four children, having had a notable career in finance and property development.
Read More
IOI Properties 6M FY2026 PBT surges to RM1.60b on valuation gains; core earnings up 87%

IOI Properties 6M FY2026 PBT surges to RM1.60b on valuation gains; core earnings up 87%

news

Updated:
  • IOI Properties Group Bhd reported a significant profit increase to RM1.60 billion for 6M FY2026.
  • Revenue rose 42% to RM2.01 billion, with all core segments showing higher performance.
  • Analysts view the company's shift towards a recurring income base as a positive trend for future growth.
Read More
Jeffrey Cheah: Sunway not a bully, will walk away if IJM bid is rejected

Jeffrey Cheah: Sunway not a bully, will walk away if IJM bid is rejected

news

Updated:
  • Sunway Bhd will withdraw its takeover bid for IJM Corp if shareholders do not accept by early April.
  • Founder Tan Sri Dr Jeffrey Cheah emphasised that IJM shareholders are free to decide on the offer.
  • “There is a lot of noise out there, but I stress that there is no compulsory acquisition."
Read More
Sunway’s healthcare arm eyes Southeast Asia expansion

Sunway’s healthcare arm eyes Southeast Asia expansion

news

Updated:
  • Sunway Healthcare Holdings Bhd is considering expansion into Southeast Asia as part of its growth strategy.
  • The group plans to focus on domestic growth first, with new hospital developments in East Malaysia and Pahang.
  • SHH is set to raise RM2.86 billion from its IPO, marking Malaysia's largest listing in nine years.
Read More
KPKT implements immediate mitigation measures over TTDI water overflow

KPKT implements immediate mitigation measures over TTDI water overflow

news

Updated:
  • The Ministry of Housing and Local Government addressed flooding concerns in Taman Tun Dr Ismail.
  • They initiated technical measures to improve drainage and mitigate overflow from recent heavy rains.
  • Ongoing actions include upgrading retention ponds and inspecting drainage systems to prevent future incidents.
Read More
SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

SD Guthrie, Selangor govt explore massive 5,000-acre development on Carey Island

news

Updated:
  • SD Guthrie Bhd and the Selangor government have partnered for a major development on Carey Island.
  • The MOU outlines plans for a 2,500 to 5,000-acre project linked to the Carey Island Port expansion.
  • This initiative aims to enhance the island's economic potential and support Selangor's growth agenda!
Read More
Astaka ventures into healthtech as new growth driver, signs exclusive deal with Evergrown

Astaka ventures into healthtech as new growth driver, signs exclusive deal with Evergrown

news

Updated:
  • Astaka Holdings Ltd is entering the healthtech sector by partnering with Evergrown Holdings Bhd.
  • They will manufacture healthtech light products to enhance hygiene in built environments.
  • Astaka aims to launch its brand in Singapore by 3Q2026, expanding regionally thereafter.
Read More
YTL Hospitality REIT eyes RM99 mil private placement for debt repayment

YTL Hospitality REIT eyes RM99 mil private placement for debt repayment

news

Updated:
  • YTL Hospitality REIT plans to raise RM99 million by placing up to 90 million new units.
  • The units will represent about 5% of the REIT's enlarged capital, priced at RM1.10 each.
  • The REIT currently has RM1.41 billion in borrowings and manages 18 properties.
Read More
YTL 1HFY2026 earnings hit by lower power prices, Malayan Cement bright spot

YTL 1HFY2026 earnings hit by lower power prices, Malayan Cement bright spot

news

Updated:
  • YTL Corp Bhd's net profit fell 21.01% to RM784.51 million in 1HFY2026 due to lower electricity prices.
  • YTL Power's net profit dropped 43.13% to RM436.56 million.
  • Malayan Cement saw a 26.15% profit rise to RM232.98 million.
Read More
UEM Sunrise FY2025 revenue rises 27% to RM1.7b, proposes higher 1.43 sen dividend

UEM Sunrise FY2025 revenue rises 27% to RM1.7b, proposes higher 1.43 sen dividend

news

Updated:
  • UEM Sunrise Bhd reported a 27% revenue increase to RM1.7 billion for FY2025, driven by property development.
  • The company proposed higher dividends of 1.43 sen per share, exceeding last year's payout.
  • For FY2026, UEM Sunrise targets RM1.3 billion in sales and plans to focus on attainable homes in key regions.
Read More
Bites
Anwar Syahrin, former CEO of Malakoff and UEM Sunrise, passes away