Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development

Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development

news

Updated:
  • Tropicana Corp Bhd is expanding in Langkawi's property market by acquiring two land parcels for RM195.88 mil.
  • First deal involves 21.03 acres in Bandar Padang Lalang, while the second is 3.12 acres in Padang Mat Sirat.
  • Acquisitions are related party transactions and will be funded through bank borrowings and internal funds.
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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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Pesona Metro posts strongest year on record as property arm delivers full-year earnings punch, eyes RM500m in new construction contracts for FY2026

Pesona Metro posts strongest year on record as property arm delivers full-year earnings punch, eyes RM500m in new construction contracts for FY2026

news

Updated:
  • Pesona Metro Holdings Bhd reported a 38% revenue increase to RM705.9 million for FY2025.
  • Gross profit more than doubled to RM112.5 million, with profit after tax rising to RM54.5 million.
  • Targeting RM500 million in new contracts and expanding its property development pipeline.
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DPS Resources bets on RM4.36b AGI data centre to unlock Melaka landbank acquired for RM45.6m just three years ago

DPS Resources bets on RM4.36b AGI data centre to unlock Melaka landbank acquired for RM45.6m just three years ago

news

Updated:
  • DPS Resources Bhd's subsidiary signed an MoU with Alibaba's affiliate for a US$1.1 bil data centre in Melaka.
  • The project will transform a 253-acre landbank, initially for mixed development, into a data centre hub.
  • This collaboration aims to enhance the land's value and generate long-term income.
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Tropicana makes RM195.88m two-pronged landbank push into Langkawi, targeting tourism-driven development