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Chow urges tighter monitoring of Penang development projects

Chow urges tighter monitoring of Penang development projects

news

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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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

news

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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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

news

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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