PDC, MAHB approve formation of JVco to implement Penang International Logistics Aeropark project

PDC, MAHB approve formation of JVco to implement Penang International Logistics Aeropark project

news

Updated:
  • The Penang Development Corporation and Malaysia Airports Holdings have formed a joint venture for Pila.
  • This project aims to develop a cargo terminal to enhance Penang's logistics and industrial growth.
  • The first phase includes a new air cargo warehouse, expected to be operational by 2029, with a capacity of 100,000 tonnes per year.
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Capital A in talks with major hotel chain to extend AirAsia brand into hospitality

Capital A in talks with major hotel chain to extend AirAsia brand into hospitality

news

Updated:
  • Capital A Bhd is negotiating with a major hotel chain to expand its AirAsia brand into hospitality.
  • The company reported steady performance in 1Q2026, boosted by seasonal travel demand despite geopolitical tensions.
  • Additionally, its logistics unit, Teleport, saw significant growth due to rising e-commerce demand in the Asia-Pacific region.
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Ukas to award MMC Corp-led consortium JB ART project — sources

Ukas to award MMC Corp-led consortium JB ART project — sources

news

Updated:
  • The MMC Corp Bhd-DOM Industries Sdn Bhd consortium will develop Johor Bahru's rapid transit system.
  • The project, estimated at RM7 billion, aims to ease traffic congestion and support the JB-Singapore RTS.
  • The automated people mover system proposed is similar to those in Singapore's transit lines.
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Tropicana clarifies four-month announcement delay on Langkawi land buy, cites strategic interdependency with larger RM151 mil acquisition

Tropicana clarifies four-month announcement delay on Langkawi land buy, cites strategic interdependency with larger RM151 mil acquisition

news

Updated:
  • Tropicana Corp Bhd announced a delay in a RM44.82 million land acquisition due to its link to a larger deal.
  • The acquisition of the Tanjung Mali parcel is contingent on finalising a neighboring land purchase.
  • The company plans to start development by 4Q2026, pending necessary approvals and conditions.
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Merdeka 118 is Malaysia's first MD Nexus building — here is what it means for rents, tenants and the race to stay relevant

Merdeka 118 is Malaysia's first MD Nexus building — here is what it means for rents, tenants and the race to stay relevant

news

Updated:
  • Merdeka 118 is Malaysia's first MD Nexus building, setting a new standard for digital office spaces.
  • It commands premium rents, reflecting its certifications and strategic location in Kuala Lumpur.
  • This designation positions Merdeka 118 as a key player in attracting global digital investors.
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Malaysia has a certified office supply problem — and RM342b in digital investments is about to expose it

Malaysia has a certified office supply problem — and RM342b in digital investments is about to expose it

news

Updated:
  • Malaysia has RM342.58 bil in approved digital investments but lacks certified office space.
  • Only 35% of purpose-built offices are MD-certified, limiting real estate absorption.
  • The new MDLR framework aims to address this certification gap and attract digital occupiers.
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Maxim Global gets 24 sen takeover offer from managing director

Maxim Global gets 24 sen takeover offer from managing director

news

Updated:
  • Maxim Global Bhd received a takeover offer of 24 sen per share from managing director Tan Sri Gan Seong Liam.
  • The offer is below recent trading levels, with a discount of 11.11% from the last price of 27 sen.
  • Gan's acquisition raised his stake to 37.33%, and he must extend the offer to other shareholders.
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Toy maker Milolo to open five outlets in Peninsular Malaysia in two years

Toy maker Milolo to open five outlets in Peninsular Malaysia in two years

news

Updated:
  • Milolo Bhd plans to open five retail outlets in Malaysia over the next two years.
  • The company aims for regional expansion into Thailand, Indonesia, China, and Singapore within three years.
  • Milolo expects to sustain growth despite minor global shipping impacts and aims to list on the ACE Market.
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Malaysia emerges as world's No 2 digital FDI destination — and property markets in KL, Johor and Penang are set to feel it, says report

Malaysia emerges as world's No 2 digital FDI destination — and property markets in KL, Johor and Penang are set to feel it, says report

news

Updated:
  • Malaysia is now the second-largest developing economy for digital foreign direct investment, after India.
  • Demand for high-quality office space is rising due to the growth of knowledge-based jobs in digital sector.
  • However, there is a significant gap in certified office space, presenting both a challenge and an opportunity.
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268 houses built under Sinar Lestari for those in need to date, says minister

268 houses built under Sinar Lestari for those in need to date, says minister

news

Updated:
  • The Sinar Lestari programme has built 268 houses for the underprivileged in Malaysia.
  • Each house costs RM80,000, with ongoing efforts to reach a target of 374 homes.
  • Beneficiaries also receive grants and support to improve their livelihoods, enhancing their quality of life.
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PDC, MAHB approve formation of JVco to implement Penang International Logistics Aeropark project