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

news

Updated: March 16, 2026

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.

news

Updated: April 1, 2026

Federal Court rejected a judicial review by NGOs challenging the Selangor govt's removal of forest protection.
In a 2-1 decision, the court ruled against the NGOs' claims that the backdated degazettement was illegal.
The ruling impacts a contentious road project and highlights procedural concerns raised by the NGOs.

news

Updated: April 1, 2026

The High Court dismissed Semantan Estate's discovery applications for documents related to land compensation.
Judge Roslan noted the government conducted thorough searches but found limited results.
The court rescheduled the assessment of damages to April 10, as both parties need time to exchange reports.

news

Updated: April 1, 2026

Menara Kuala Lumpur Sdn Bhd and Hydroshoppe Sdn Bhd will challenge eviction notices in court.
The High Court allowed their judicial review against the Federal Lands Commissioner and the government.
The case involves allegations of contractual breaches related to the KL Tower concession award.

news

Updated: April 1, 2026

Kenanga Investment Bank has rated Al-Aqar Healthcare REIT as 'outperform' due to its stable cash flows.
The REIT's portfolio is growing, with a target asset size of RM2.5 bil by 2028, bolstered by long-term leases.
However, risks include tenant concentration, as KPJ Healthcare is the main tenant for 90% of the portfolio.

news

Updated: April 1, 2026

Boustead Heavy Industries Corp Bhd is selling three land parcels in Penang for RM28 million.
The sale aims to unlock value and generate cash flow, with an expected gain of RM14.39 million.
Proceeds will fund working capital, including settling payables and maintaining facilities.

news

Updated: April 1, 2026

NCT Alliance Bhd is expanding its NCT Smart Industrial Park with a RM53 million land acquisition.
The deal will give NCT World a 99.8% stake in Semanja Murni Sdn Bhd, enhancing their industrial ecosystem.
The expansion is expected to have a gross development value of RM1.5 billion.

news

Updated: April 1, 2026

Ikano Centres will launch two new dining concepts, IPC Gourmet Hall and Toppen Foodland, in December.
These spaces aim to enhance customer engagement and footfall within their IKEA-anchored malls.
Initiatives reflect a strategy to create vibrant social hubs, supporting longer visits and repeat customers.

news

Updated: April 1, 2026

Magna Prima Bhd is investing RM45 million to regain control of a 4.58-acre plot in Shah Alam.
The joint venture with OCR Avenue remains active, but the structure has changed, allowing direct control.
The site is part of a larger plan for an integrated e-commerce logistics hub valued at RM1.5 billion.

news

Updated: April 1, 2026

Citaglobal Bhd has secured a RM150 million contract to build military housing in Sabah.
The project aims to enhance living standards for Royal Malaysian Navy personnel and is set for completion in 40 months.
Citaglobal's order book now totals RM1.44 billion, reflecting recent contract wins in various sectors.