Star Media invests nearly RM100 mil in unit trust fund focusing on Australian commercial office assets

news

Updated: April 14, 2026

Star Media Group Bhd has invested A$35.5 million in a private unit trust fund for Australian office assets.
This move aims to diversify revenue and enhance investment income alongside existing funds.
The investment will be managed by an internal committee and is fully funded by the group's own resources.

news

Updated: May 30, 2026

Tanco Holdings Bhd seeks shareholder approval to acquire 300 acres in Port Dickson for RM88.5 mil.
First phase of the Port Dickson Free Zone development is projected to cost RM250 mil with a GDV of RM350 mil.
This acquisition aims to enhance Tanco's presence in the industrial property sector.

news

Updated: May 30, 2026

The State Executive Council in Penang has been directed to enhance monitoring of development projects.
Chief Minister Chow Kon Yeow emphasised timely project completion to benefit the people.
He acknowledged potential delays due to technical issues but stressed the importance of visible progress.

news

Updated: May 30, 2026

A train derailment on the Ampang/Sri Petaling LRT line occurred near Chan Sow Lin Station on May 28.
Transport Minister Loke announced that operations should resume by June 3 after repairs and an investigation.
An independent task force will investigate the cause, including potential human error or system failure.

news

Updated: May 29, 2026

Ayer Holdings reported a 137% revenue increase to RM42.7 mil in 1QFY2026, driven by property and plantation.
AYER said its diversified business model is expected to continue providing resilience.
The group remains cautiously optimistic for FY2026, focusing on sustained growth amid external uncertainties.

news

Updated: May 29, 2026

Inta Bina Group Bhd secured a RM227.08 mil contract for a mixed commercial project in Klang.
The project includes serviced apartments, retail spaces, and infrastructure, starting June 15, 2026.
This win boosts Inta Bina's order book to RM1.7 bil, reflecting strong demand in the Klang Valley market.

news

Updated: May 29, 2026

YTL Corp Bhd reported a 3.4% revenue increase to RM7.57 bil for 3QFY2026, despite a 24.7% drop in net profit.
Performance was bolstered by property and construction, but utilities and telecommunications struggled.
YTL Corp anticipates continued satisfactory performance, driven by existing orders and growth in data centres.

news

Updated: May 29, 2026

Golden Village Properties celebrated the completion of Residensi Pauh Harmoni with a key handover event.
This affordable housing project features 112 units and aims to support families in the B40 and M40 income groups.
GVP emphasised community building and infrastructure improvements as part of their commitment to quality.

news

Updated: May 29, 2026

Selangor Dredging Bhd reported a net loss of RM41.22 mil for FY2026, down from a profit the previous year.
The company maintained a 3.0 sen dividend per share while cash reserves increased significantly.
A revaluation of assets led to a RM4.24 mil rise in net assets, with Hotel Maya KL valued at RM199 mil.

news

Updated: May 29, 2026

The Land Public Transport Agency has ordered Prasarana Malaysia to submit a report on the LRT derailment.
Investigations will assess compliance, negligence, and safety protocols following the incident.
All passengers were safely evacuated after the train derailed due to a faulty track switch.