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.
Read More
Sunway executives raise equity exposure as MACC reviews RM11b IJM takeover

Sunway executives raise equity exposure as MACC reviews RM11b IJM takeover

news

Updated:
  • Senior executives at Sunway Group increased their shareholdings amid an RM11 billion acquisition proposal.
  • The Malaysian Anti-Corruption Commission is investigating governance issues related to the takeover.
  • Despite scrutiny, Sunway shares have remained stable while IJM Corp's stock has faced pressure from investor concerns.
Read More
Cross-border collaboration fuels Malaysia’s rise as Asean’s industrial crossroads

Cross-border collaboration fuels Malaysia’s rise as Asean’s industrial crossroads

news

Updated:
  • Cross-border collaboration is boosting Malaysia's industrial growth, attracting foreign investments.
  • The country is positioned as a key production hub amid rising interest from global manufacturers.
  • Selangor’s southern districts are rapidly becoming Malaysia’s next logistics and manufacturing engine.
Read More
Paramount targets higher sales for 2026, confident margins will withstand cost pressures

Paramount targets higher sales for 2026, confident margins will withstand cost pressures

news

Updated:
  • Paramount Corp Bhd aims for RM1.2 billion in property sales this year, confident in its margins.
  • The bulk of the sales achieved last year were residential properties at 89%, commercial properties 11%.
  • Paramount will reinvest proceeds from asset monetisation into higher-return projects.
Read More
Matrix Concepts tops out RM523 mil Levia Residence KL in Cheras

Matrix Concepts tops out RM523 mil Levia Residence KL in Cheras

news

Updated:
  • Matrix Concepts Holdings Bhd topped out Levia Residence KL with an 88% take-up rate!
  • The project features 778 units in two towers and is set for completion in early 2027.
  • A second project, Levia Puchong, will launch in 2026, targeting working adults with 1,336 units.
Read More
BNM keeps OPR at 2.75% amid global uncertainties

BNM keeps OPR at 2.75% amid global uncertainties

news

Updated:
  • Bank Negara Malaysia has maintained the overnight policy rate at 2.75% to support growth.
  • Global growth is expected to continue, despite rising geopolitical tensions affecting the economy.
  • Malaysia's economy grew 5.2% in 2025, with inflation remaining moderate and stable core inflation anticipated.
Read More
Exsim Hospitality partners with Majestic Gen to expand managed accommodation pipeline

Exsim Hospitality partners with Majestic Gen to expand managed accommodation pipeline

news

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.
Read More
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.
Read More
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.
Read More
Bites
Semantan Estate files discovery application for pre-Merdeka land plans for Duta Enclave compensation case