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Sunway seeks renewal of buyback and RRPT mandates; EPF raises stake to 9.95%

Sunway seeks renewal of buyback and RRPT mandates; EPF raises stake to 9.95%

news

Updated:
  • Sunway Bhd plans to seek shareholder approval for RRPT mandates and share buyback at its AGM.
  • The Employees Provident Fund acquired 5,265,000 shares, raising its stake to 9.95%.
  • Details on financial thresholds or utilization were not disclosed in the announcements.
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High-rise shift in Klang Valley: where mid-income upgraders can find new projects

High-rise shift in Klang Valley: where mid-income upgraders can find new projects

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Updated:
  • The Klang Valley is seeing a rise in high-rise developments as urban households face challenges in upgrading.
  • Trend is driven by demand for affordable mid-market housing, particularly in the RM500,000–RM1 million range.
  • Key locations are emerging with larger unit options, catering to families and upgraders.
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PM urges swift construction of Terengganu Matriculation College

PM urges swift construction of Terengganu Matriculation College

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Updated:
  • PM Anwar Ibrahim urged the swift construction of the Terengganu Matriculation College with RM27 million.
  • The college will accommodate 3,000 students and enhance educational access in the state.
  • Anwar emphasised the importance of quality education and maintaining a 90% quota for Bumiputera students.
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PTT Synergy to expand warehouse capacity with new automated hub in Elmina Business Park

PTT Synergy to expand warehouse capacity with new automated hub in Elmina Business Park

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Updated:
  • PTT Synergy Group Bhd plans to double its capacity with a new warehouse in Elmina Business Park.
  • PTT Logistics Hub 2 will add 51,000 pallet positions and is expected to generate RM60m-70m in gross profit.
  • The project, valued at RM320m-340m, is set for completion in late-2027.
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Sime Darby Property launches industrial lots and factories at Elmina Business Park 2

Sime Darby Property launches industrial lots and factories at Elmina Business Park 2

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Updated:
  • Sime Darby Property Bhd launched Phases 1A and 1B at Elmina Business Park 2, offering 19 freehold lots.
  • Elmina Business Park 2 spans 600 acres with a total GDV of RM1.72 billion.
  • The development has access via the dedicated Lagong interchange from the Guthrie Corridor.
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New Bukit Berapit ICQS Complex project now at feasibility study stage — Saifuddin Nasution

New Bukit Berapit ICQS Complex project now at feasibility study stage — Saifuddin Nasution

news

Updated:
  • The proposed ICQS Complex in Bukit Berapit is in the feasibility study stage with RM2 million allocated.
  • This new facility aims to enhance comfort for users and improve security at the border.
  • The government plans to place the ICQS under AKPS supervision to streamline operations and control.
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Only part of Sungai Nibong Festival Site to be used for Penang Mutiara LRT depot, says Loke

Only part of Sungai Nibong Festival Site to be used for Penang Mutiara LRT depot, says Loke

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Updated:
  • The Sungai Nibong Festival Site will partially host the Penang Mutiara Line LRT depot, preserving community space.
  • Transport Minister Anthony Loke emphasised the site's sentimental value and the need for balanced development.
  • The LRT project aims to enhance transportation efficiency and reduce congestion.
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Ecobuilt seeks foray into property development, trading of building materials

Ecobuilt seeks foray into property development, trading of building materials

news

Updated:
  • Ecobuilt Holdings Bhd plans to diversify into property development and building materials trading.
  • The company aims for this move to contribute at least 25% of its future net profit.
  • However, it acknowledges risks from regulatory requirements in these new business areas.
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Nga assures housing projects nationwide will be completed on schedule despite energy crisis

Nga assures housing projects nationwide will be completed on schedule despite energy crisis

news

Updated:
  • The Housing Ministry assures that housing projects will stay on schedule despite the global energy crisis.
  • A meeting with stakeholders will address measures to facilitate project implementation.
  • Low-income groups will continue to receive a RM20,000 subsidy for Rumah Mesra Rakyat projects.
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RTS Link: Johor must refine strategy to tackle skilled labour outflows

RTS Link: Johor must refine strategy to tackle skilled labour outflows

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Updated:
  • Johor needs to refine its economic strategy to retain skilled labor before the RTS Link launch in 2027.
  • The RTS Link will ease travel between Johor and Singapore, potentially increasing worker migration.
  • Hasni suggests improving entry-level salaries and offering incentives to attract and retain talent in Johor.
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