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Loke orders probe into, punitive action against Prasarana over LRT derailment

Loke orders probe into, punitive action against Prasarana over LRT derailment

news

Updated:
  • Transport Minister Anthony Loke has ordered an investigation into the LRT derailment by Prasarana Malaysia.
  • A special task force will determine the cause and report findings to the Cabinet.
  • Loke emphasised the need for accountability and safety, urging Prasarana to take action against negligence.
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AYER Holdings posts strong 1QFY2026 with 137% revenue growth, 233% rise in profit

AYER Holdings posts strong 1QFY2026 with 137% revenue growth, 233% rise in profit

news

Updated:
  • 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.
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Inta Bina bags RM227 mil contract for mixed development in Klang

Inta Bina bags RM227 mil contract for mixed development in Klang

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Updated:
  • 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.
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YTL Corp’s property and construction divisions support 3QFY2026 revenue growth as net profit declines

YTL Corp’s property and construction divisions support 3QFY2026 revenue growth as net profit declines

news

Updated:
  • 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.
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Golden Village Properties marks completion of 112-unit Residensi Pauh Harmoni development in Penang

Golden Village Properties marks completion of 112-unit Residensi Pauh Harmoni development in Penang

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Updated:
  • 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.
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Selangor Dredging maintains 3 sen dividend and strengthens cash position despite FY2026 loss

Selangor Dredging maintains 3 sen dividend and strengthens cash position despite FY2026 loss

news

Updated:
  • 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.
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LRT derailment: Land Public Transport Agency opens investigation paper, orders immediate report from Prasarana

LRT derailment: Land Public Transport Agency opens investigation paper, orders immediate report from Prasarana

news

Updated:
  • 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.
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Berjaya Corp’s property and hospitality revenue rise, but weaker retail and services widen 3Q loss

Berjaya Corp’s property and hospitality revenue rise, but weaker retail and services widen 3Q loss

news

Updated:
  • Berjaya Corp reported higher revenue in property and hospitality but wider net losses due to retail declines.
  • The group’s revenue fell 14% to RM2.19 bil, with a pre-tax loss of RM118.33 mil for 3QFY2026.
  • Despite challenges, BCorp remains cautiously optimistic about future consumer spending and tourism activity.
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Mah Sing posts resilient 1Q2026 with RM1 bil cash, RM978 mil new sales and highest dividend payout in two decades

Mah Sing posts resilient 1Q2026 with RM1 bil cash, RM978 mil new sales and highest dividend payout in two decades

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Updated:
  • Mah Sing Group reported a strong start to 2026 with a cash position of RM1 bil and a 3% profit increase.
  • The group secured RM978 mil in new property sales and plans to launch several projects.
  • Mah Sing introduced the "Mah Sing 1-2-3 Campaign" to enhance homeownership incentives for buyers.
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IOI Properties 3Q profit soars on stronger Singapore contributions, land sale gains

IOI Properties 3Q profit soars on stronger Singapore contributions, land sale gains

news

Updated:
  • IOI Properties Group Bhd reported a net profit surge to RM258.11 mil in 3QFY2026, up from RM76.13 mil.
  • Revenue increased by 38.7% to RM1.05 bil, driven by asset consolidation and operational improvements.
  • The group’s unbilled sales reached RM2.1 bil, ensuring earnings visibility moving forward.
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Loke orders probe into, punitive action against Prasarana over LRT derailment