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Works Ministry to conduct impact assessment on rising construction material costs due to West Asia conflict

Works Ministry to conduct impact assessment on rising construction material costs due to West Asia conflict

news

Updated:
  • The Public Works Ministry is assessing mitigation strategies for rising construction costs due to geopolitical tensions.
  • Minister Datuk Seri Alexander Nanta Linggi emphasised the need for a comprehensive, data-driven approach.
  • The government aims to ensure stability in the construction sector while addressing the impact of global factors on costs.
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TRC Synergy unit secures RM149.98m data centre subcontract

TRC Synergy unit secures RM149.98m data centre subcontract

news

Updated:
  • TRC Construction secured a RM149.98 mil subcontract from Gamuda Engineering.
  • This is for underground services at a hyperscale data centre.
  • The project runs from Aug 14 to Nov 25, boosting TRC Synergy's earnings.
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Whitmore buys more MKH, MKHOP shares after adviser urges rejection of palm-oil offer

Whitmore buys more MKH, MKHOP shares after adviser urges rejection of palm-oil offer

news

Updated:
  • Whitmore Holdings acquired more shares in MKH and MKHOP.
  • This occurred after an adviser recommended that shareholders reject Whitmore's offer.
  • The adviser deemed the offer "not fair and not reasonable" for MKHOP.
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The Light City's retail component to soft-open on Oct 29

The Light City's retail component to soft-open on Oct 29

news

Updated:
  • The Waterfront Shoppes will open in October 2026.
  • It is Penang's largest mall with 300 retail spaces.
  • This destination integrates with a large convention centre.
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Paramount's six land deals carry RM4b potential GDV

Paramount's six land deals carry RM4b potential GDV

news

Updated:
  • Paramount Corp Bhd has signed six land SPAs with a potential GDV of RM4 bil.
  • Two acquisitions are complete, adding 387 acres and RM2 bil GDV.
  • Four pending acquisitions total 74.61 acres with RM1.946 bil GDV.
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QES Singapore unit to buy two Space Nova units for RM17.49m

QES Singapore unit to buy two Space Nova units for RM17.49m

news

Updated:
  • QES Group's Singapore unit will acquire two industrial units for S$5.47 mil.
  • This expansion supports anticipated business growth and provides new office space.
  • The purchase will be 90% debt-funded, increasing borrowings to RM77.19 mil.
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Johor MACC detains housing committee chairman over alleged RM1.6m bribery

Johor MACC detains housing committee chairman over alleged RM1.6m bribery

news

Updated:
  • A housing committee chairman was detained for alleged bribery.
  • He solicited RM1.6 million from 400 housing applicants.
  • The MACC is investigating this case under several sections.
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Kwasa Damansara seeks hospital operator to serve 100,000 population

Kwasa Damansara seeks hospital operator to serve 100,000 population

news

Updated:
  • Kwasa Damansara, a 2,255-acre township, plans 27,335 homes, including 11,200 affordable units.
  • A five-acre plot is designated for a hospital, with an operator currently being sought.
  • The township emphasises connectivity, green spaces, and diverse housing for 100,000 residents by 2050.
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IJM Land’s XPLOSIVE campaign names winners for overseas holidays

IJM Land’s XPLOSIVE campaign names winners for overseas holidays

news

Updated:
  • IJM Land Bhd concluded its XPLOSIVE Campaign.
  • Three homebuyers won overseas holiday packages.
  • The campaign ran from October 2025 to March 2026.
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NCT Alliance hands over NCT Smart Industrial Park Phase 1, launches KM2

NCT Alliance hands over NCT Smart Industrial Park Phase 1, launches KM2

news

Updated:
  • NCT Alliance Bhd began handing over Phase 1 of its NCT Smart Industrial Park (NSIP), achieving a 90% take-up rate.
  • It also launched KM2, part of Phase 2, offering diverse industrial spaces.
  • NSIP is the first IDRISS development to reach this stage, with a total GDV of RM10.2 billion.
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