7-Eleven unit pays RM19m for Seri Kembangan land to build food commissary

7-Eleven unit pays RM19m for Seri Kembangan land to build food commissary

news

Updated:
  • 7-Eleven Malaysia's subsidiary QVI Foods is acquiring agricultural land for RM19 million in Selangor.
  • The 0.86-hectare land will be used to establish a food commissary, enhancing SEM's food supply chain.
  • The acquisition is set to complete by 2Q2026 and won't significantly impact the group's finances.
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GD Holdings revives abandoned M101 Skywheel project with RM1.37b KL360 mixed-use development

GD Holdings revives abandoned M101 Skywheel project with RM1.37b KL360 mixed-use development

news

Updated:
  • GD Properties launched KL360, a mixed-use development valued at RM1.37 billion.
  • M101 Skywheel has been redesigned to feature 61 storeys with 785 serviced apartments.
  • Construction is set to begin in 2026, with completion expected by 2030, and financing from Bank Rakyat.
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KPS Consortium buys freehold properties for RM45.4 mil in Rawang for investment

KPS Consortium buys freehold properties for RM45.4 mil in Rawang for investment

news

Updated:
  • KPS Consortium Bhd plans to acquire three properties in Rawang for RM45.4 mil for investment.
  • The purchases include various factory units and will be financed through cash and bank borrowings.
  • The company recently secured a RM106.96 million construction contract, boosting its order book significantly!
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PNB sets regional benchmark with largest WELL Platinum certified office interiors project

PNB sets regional benchmark with largest WELL Platinum certified office interiors project

news

Updated:
  • Permodalan Nasional Bhd achieved WELL Platinum Certification for its office interiors in Southeast Asia.
  • This certification highlights PNB's commitment to health and wellbeing in the workplace.
  • The project involved key partners and complements the WELL Core Platinum Certification of Menara Merdeka 118.
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Dexter Koh Yew Peng elected PAM president for 2026/27 term

Dexter Koh Yew Peng elected PAM president for 2026/27 term

news

Updated:
  • Dexter Koh Yew Peng has been elected as the new president of Pertubuhan Akitek Malaysia (PAM).
  • His first initiative is a Practice Note to guide the construction industry amid supply chain issues.
  • Koh also encouraged local governments to expedite planning and building application approvals.
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Landmarks' auditors flag material uncertainty amid losses, weak liquidity position

Landmarks' auditors flag material uncertainty amid losses, weak liquidity position

news

Updated:
  • Landmarks Bhd received an unqualified audit opinion from KPMG, noting material uncertainty about its future.
  • The company reported losses of RM19.9 million and is selling assets to improve its financial position.
  • Landmarks believes it can continue as a going concern due to potential asset sales and financing options.
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Pasdec Holdings promotes Mohammad Ikhwan Mustapa Al Bakri to CEO, effective May 1

Pasdec Holdings promotes Mohammad Ikhwan Mustapa Al Bakri to CEO, effective May 1

news

Updated:
  • Pasdec Holdings Bhd has appointed Mohammad Ikhwan Mustapa Al Bakri as CEO, effective today.
  • He has over 17 years of experience and will focus on enhancing operational efficiency and stakeholder value.
  • The company reported a revenue of RM32.87 million for the financial year ended Dec 31, 2025.
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SkyGate Solutions posts RM90m revenue in FY2025; property investment unit anchors recurring income amid development slowdown

SkyGate Solutions posts RM90m revenue in FY2025; property investment unit anchors recurring income amid development slowdown

news

Updated:
  • SkyGate Solutions Bhd reported a 35.1% revenue increase to RM90 million in FY2025, driven by manufacturing.
  • Property development segment saw a revenue drop to RM15.14 mil, attributed to post-pandemic normalisation.
  • Despite higher revenue, group profit before tax fell 47.3% to RM4.64 mil due to increased costs, impairments.
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ICW Borneo returns to Kota Kinabalu with focus on sustainability and digitalisation

ICW Borneo returns to Kota Kinabalu with focus on sustainability and digitalisation

news

Updated:
  • The International Construction Week Borneo returns on May 12-13 in Kota Kinabalu, Sabah.
  • The summit will bring together policymakers, industry leaders and built environment professionals.
  • Participants will also enjoy a technical site visit to local construction projects on May 13.
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