In conversation with: Invest Penang CEO Datuk Loo Lee Lian

In conversation with: Invest Penang CEO Datuk Loo Lee Lian

news

Updated:
  • Penang's E&E sector led Malaysia's FDI, accounting for 53% of manufacturing investments in 1H2025.
  • The state targets high-value investments in advanced manufacturing, especially IC design.
  • Infrastructure improvements aim to attract high-end manufacturing and support workforce development.
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IJM’s plans to list toll assets offer alternative to Sunway takeover in unlocking value — analysts

IJM’s plans to list toll assets offer alternative to Sunway takeover in unlocking value — analysts

news

Updated:
  • IJM Corp Bhd plans to list parts of its assets, including construction and toll roads, to unlock value.
  • Analysts suggest holding out for a better offer, as proposed floatation could strengthen IJM's balance sheet.
  • Despite a recent drop in share price, 10 out of 14 analysts maintain "buy" recommendations.
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EcoWorld partners JLand Group to develop projects in Johor and Australia

EcoWorld partners JLand Group to develop projects in Johor and Australia

news

Updated:
  • Eco World Development Group and JLand Group are partnering on three projects in Johor and Sydney.
  • They include a residential project in Sydney, a mixed-use project in JB, and an industrial park in Kulai.
  • This collaboration aims to leverage the companies' strengths for long-term growth and socio-economic benefits.
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Sunway REIT to establish RM3b sustainability-linked commercial papers programme

Sunway REIT to establish RM3b sustainability-linked commercial papers programme

news

Updated:
  • Sunway REIT is launching a RM3 billion sustainability-linked commercial papers program.
  • The funds will support working capital, repay borrowings, and finance investments.
  • The SLCPs received a P1(s) rating and are managed by Public Investment Bank Bhd.
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Chin Hin Group Property buys Kota Damansara site for RM66m, plans industrial-commercial development

Chin Hin Group Property buys Kota Damansara site for RM66m, plans industrial-commercial development

news

Updated:
  • Chin Hin Group Property Bhd acquired an industrial property in Kota Damansara for RM66 million.
  • This marks their first move into industrial development, diversifying from residential projects.
  • The redevelopment aims for a GDV of RM449.4 million, enhancing their earnings.
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Inta Bina wins RM49m job to build factory buildings in Port Dickson industrial park

Inta Bina wins RM49m job to build factory buildings in Port Dickson industrial park

news

Updated:
  • Inta Bina Group Bhd has won a RM49 million contract for factory buildings in Port Dickson.
  • The project includes 96 cluster factories and electrical substations, starting July 1, 2026.
  • Eco Business Park 7 is looking to transform 1,195 acres of land in Bukit Pelandok into an industrial park.
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Selangor govt strives to complete master plan for Pulau Carey Port Development

Selangor govt strives to complete master plan for Pulau Carey Port Development

news

Updated:
  • The Selangor government is advancing the Pulau Carey Port Development Master Plan after Cabinet approval.
  • This plan will enhance infrastructure, renewable energy, and community preservation in the area.
  • The third terminal aims to boost Port Klang's status and economic opportunities in Malaysia and the region.
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Scientex’s 2Q earnings rise 9.1% on property, packaging business improvements

Scientex’s 2Q earnings rise 9.1% on property, packaging business improvements

news

Updated:
  • Scientex Bhd reported a 9.1% increase in earnings, reaching RM135.2 million for 2QFY2026.
  • The property division saw an 8% rise in operating profit, while packaging profits jumped 16%.
  • Despite growth, the packaging sector faces challenges from geopolitical tensions affecting supply chains.
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Reprice or reset? What pipeline properties tell us about market trends ahead

Reprice or reset? What pipeline properties tell us about market trends ahead

news

Updated:
  • The Malaysian property market is recovering but faces challenges like oversupply and affordability issues.
  • Budget 2026 aims to address these concerns, signaling a potential market reset towards sustainable growth.
  • Future developments will focus on affordable housing, with a shift towards high-rise units in key regions.
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Sunway’s RM23m investment expands Cheah Fah school as Johor’s southern corridor evolves into a family destination

Sunway’s RM23m investment expands Cheah Fah school as Johor’s southern corridor evolves into a family destination

news

Updated:
  • SJK (C) Cheah Fah has begun its expansion, adding 12 classrooms to accommodate 1,500 students.
  • Sunway has invested RM23 million in the school, emphasising education's role in social mobility.
  • SJK (C) Cheah Fah is one of eight schools nationwide adopted by Sunway and the Jeffrey Cheah Foundation.
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In conversation with: Invest Penang CEO Datuk Loo Lee Lian