Revised land tax formula fairer on all landowners, says Penang CM

Revised land tax formula fairer on all landowners, says Penang CM

news

Updated:
  • Penang's new land tax formula, effective 2026, ensures fair treatment for all landowners.
  • Tax rates are based on current land use, with specific rates for urban and rural areas.
  • The state offers support measures like rebates and flexible appeals to help landowners adjust.
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Exsim Hospitality partners with Majestic Gen to expand managed accommodation pipeline

Exsim Hospitality partners with Majestic Gen to expand managed accommodation pipeline

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Updated:
  • Exsim Hospitality Bhd partners with Majestic Gen to manage over 3,000 accommodation keys nationwide.
  • The collaboration aims to enhance project value and resilience through Mana Mana Hospitality's management.
  • Partnership will expand operational capabilities beyond short-term rentals into lifestyle resorts and hotels.
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Bedi buys 8.7-acre land in Sabah for future projects

Bedi buys 8.7-acre land in Sabah for future projects

news

Updated:
  • Bedi Bhd is acquiring 8.7 acres of land in Penampang for RM15.92 million to support future projects.
  • The deal involves a subdivision of a larger parcel and will be funded by internal funds and loans.
  • Bedi recently reported a net profit of RM24.5 million, marking a turnaround after years of losses.
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Semantan Estate files discovery application for pre-Merdeka land plans for Duta Enclave compensation case

Semantan Estate files discovery application for pre-Merdeka land plans for Duta Enclave compensation case

news

Updated:
  • Semantan Estate has filed a discovery application for historical land documents for a compensation hearing.
  • The High Court denied the company's request for more time to prepare its valuation report.
  • The liquidator stated that extensive searches for key 1950s land records were unsuccessful.
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Every step counts: The real impact of floor safety on frontline workers

Every step counts: The real impact of floor safety on frontline workers

news

Updated:
  • In 2023, Malaysia reported over 9,000 workplace injuries from falls, highlighting safety concerns.
  • Sun Synergy emphasises that proper flooring design is crucial for preventing accidents.
  • Innovative flooring technologies and regular maintenance can significantly enhance safety.
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Green is the new spec: Inside Malaysia’s industrial sustainability race

Green is the new spec: Inside Malaysia’s industrial sustainability race

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Updated:
  • Developers are increasingly prioritising green-certified facilities for long-term competitiveness.
  • Malaysia's green building market is growing rapidly, with operational savings and higher property values.
  • The focus is shifting towards reducing embodied carbon emissions.
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Mah Sing opens M Aurora sales gallery, 96% of Tower B Phase 1A taken

Mah Sing opens M Aurora sales gallery, 96% of Tower B Phase 1A taken

news

Updated:
  • Mah Sing Group Bhd has launched the M Aurora sales gallery in Old Klang Road.
  • The initial Tower B Phase 1A recorded a 96% take-up rate.
  • Tan Sri Leong Hoy Kum said said Old Klang Road was chosen because location is always the key focus.
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Tropicana narrows FY2025 loss to RM15.5m as revenue rises 6% to RM1.5b; balance sheet strengthens

Tropicana narrows FY2025 loss to RM15.5m as revenue rises 6% to RM1.5b; balance sheet strengthens

news

Updated:
  • Tropicana Corp Bhd reported RM1.5 billion revenue for FY2025, a 6% increase from FY2024.
  • It narrowed loss before tax to RM15.5 million, aided by lower finance costs and operational improvements.
  • Tropicana aims for growth in 2026, focusing on asset-light strategies and ongoing developments.
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Contractors, material firms face cost pressures amid Middle East conflict, CIMB Securities flags

Contractors, material firms face cost pressures amid Middle East conflict, CIMB Securities flags

news

Updated:
  • Contractors face margin pressure from rising costs due to Middle East conflicts, says CIMB Securities.
  • The firm downgraded its FBM KLCI target to 1,754 points, reflecting a more defensive stance.
  • CIMB added defensive stocks to its top picks while downgrading some sectors to 'neutral'.
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Sunway's ongoing takeover offer for IJM under MACC investigation, says Azam Baki

Sunway's ongoing takeover offer for IJM under MACC investigation, says Azam Baki

news

Updated:
  • Malaysia's anti-graft agency is investigating Sunway Bhd's takeover offer for IJM Corp Bhd.
  • The Malaysian Anti-Corruption Commission is concerned about potential corruption involving public funds.
  • Additionally, two other investigation papers on IJM are open, including one related to bribery.
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