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Semantan Estate’s discovery application dismissed, hearing for compensation also deferred

Semantan Estate’s discovery application dismissed, hearing for compensation also deferred

news

Updated:
  • 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.
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Malaysian CIQ complex, RTS station in separate structures to retain access to Singapore’s Public Utilities Board pipelines

Malaysian CIQ complex, RTS station in separate structures to retain access to Singapore’s Public Utilities Board pipelines

news

Updated:
  • Malaysia's CIQ and RTS Link station are separate because of Singapore's PUB pipelines.
  • This differs from Singapore's integrated complex design.
  • The ART project will integrate with the RTS Link for city connectivity.
Govt to build RM60m bridge between Bukit Chagar RTS Station and KTMB Komuter — Loke

Govt to build RM60m bridge between Bukit Chagar RTS Station and KTMB Komuter — Loke

news

Updated:
  • A new bridge will link Bukit Chagar RTS Station and KTMB Komuter.
  • This RM60 million project improves public transport integration.
  • It will ease passenger access and encourage RTS Link use.
The Federal Kuala Lumpur reopens following refurbishment

The Federal Kuala Lumpur reopens following refurbishment

news

Updated:
  • The Federal Kuala Lumpur reopened after renovations.
  • It now boasts 150 refurbished rooms and updated spaces.
  • The hotel offers a 'Rediscover Federal Package' for Malaysian residents.
AmFIRST REIT 1Q profit before tax doubles to RM6.64m as occupancy improves

AmFIRST REIT 1Q profit before tax doubles to RM6.64m as occupancy improves

news

Updated:
  • AmFIRST REIT's Q1FY2027 profit before tax more than doubled to RM6.64 million.
  • This was driven by improved operations and a swing in unrealised valuation movements.
  • Portfolio occupancy reached 88.3%, the highest level since FY2014.
Ekovest plans RM356m rights issue to fund LIKE, pare debts; major shareholder Lim Kang Hoo may trigger MGO

Ekovest plans RM356m rights issue to fund LIKE, pare debts; major shareholder Lim Kang Hoo may trigger MGO

news

Updated:
  • Ekovest Bhd plans to raise RM355.85 million via a rights issue for projects and debt.
  • Major shareholder Lim Kang Hoo will fully subscribe, potentially triggering a takeover offer.
  • Funds will support the LIKE expressway, other projects, and debt repayment.
Ahmad Maslan: Contractors need to submit evidence of material price increases for VOP

Ahmad Maslan: Contractors need to submit evidence of material price increases for VOP

news

Updated:
  • Contractors must submit evidence of material price hikes to DOSM for VOP consideration.
  • Current data shows small, stable increases for most materials.
  • Strong evidence of significant cost increases is needed for VOP approval.
Butterworth-Kulim Railway among 14 high-impact projects in Penang State Structure Plan 2040 draft

Butterworth-Kulim Railway among 14 high-impact projects in Penang State Structure Plan 2040 draft

news

Updated:
  • Penang's draft plan identifies 14 projects for growth and connectivity.
  • These include a railway, coastal road, and mixed-use development.
  • The plan aims to boost the economy, ease traffic, and protect natural resources.
Penang to implement new worker housing guidelines, only business, industrial areas allowed

Penang to implement new worker housing guidelines, only business, industrial areas allowed

news

Updated:
  • Penang will implement new guidelines for temporary worker housing on Sept 1.
  • Accommodation will only be allowed in commercial and industrial zones.
  • This aims to manage needs until more centralised housing is available.
YBS International buys Penang factory for RM23.5m cash

YBS International buys Penang factory for RM23.5m cash

news

Updated:
  • YBS International is buying a Penang industrial property for RM23.5 million cash.
  • This acquisition will expand its capacity to meet higher customer demand.
  • The property is near existing plants, improving accessibility and oversight.
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