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Tanco seeks shareholder approval for RM88.5 mil Port Dickson Free Zone land acquisition

Tanco seeks shareholder approval for RM88.5 mil Port Dickson Free Zone land acquisition

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Updated:
  • 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.
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Chow urges tighter monitoring of Penang development projects

Chow urges tighter monitoring of Penang development projects

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Updated:
  • 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.
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LRT derailment: Track to resume operations by June 3, says Loke

LRT derailment: Track to resume operations by June 3, says Loke

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Updated:
  • 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.
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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

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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

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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

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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

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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

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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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Tanco seeks shareholder approval for RM88.5 mil Port Dickson Free Zone land acquisition