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

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

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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.
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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.
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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.
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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.
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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

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.
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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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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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