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Tanco hit by steepest decline on record, as losing streak wipes out nearly RM10 bil

Tanco hit by steepest decline on record, as losing streak wipes out nearly RM10 bil

news

Updated:
  • Tanco Holdings experienced its steepest one-day decline, falling 60% within the first 30 minutes of trading.
  • This marked its fourth consecutive limit-down, triggering a short-selling suspension.
  • The stock had surged over 600% since 2024, peaking at a RM10 bil market cap.
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IJM Land, Amona Group launch RM389m Enlace Suites II in Pantai Sentral Park

IJM Land, Amona Group launch RM389m Enlace Suites II in Pantai Sentral Park

news

Updated:
  • IJM Land launched Enlace Suites II in Kuala Lumpur.
  • This 38-story project offers 290 units, priced from RM624,000.
  • It targets completion by 2029, building on strong demand for Enlace Suites I.
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No increase in Negeri Sembilan residential assessment tax for five years — MB

No increase in Negeri Sembilan residential assessment tax for five years — MB

news

Updated:
  • Negeri Sembilan will not raise residential assessment tax for five years.
  • This decision aims to ease the burden on residents.
  • The state assembly will convene on Aug 18 for key appointments.
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Govt launches National Housing Policy 2026–2035, targets one million affordable homes by 2035

Govt launches National Housing Policy 2026–2035, targets one million affordable homes by 2035

news

Updated:
  • The National Housing Policy 2026-2035 was launched today, targeting one million affordable homes.
  • It aims to reduce housing oversupply and boost affordability through data and new financing.
  • The policy is designed to address key challenges facing the housing sector.
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EcoWorld breaks ground on Chinese primary school in Puncak Alam, targets 2028 opening

EcoWorld breaks ground on Chinese primary school in Puncak Alam, targets 2028 opening

news

Updated:
  • EcoWorld broke ground on SJK(C) Eco Grandeur, a new Chinese primary school in Puncak Alam.
  • The school will have 24 classrooms and a 960-student capacity, opening by third quarter of 2028.
  • It features a unique continuous ramp system and sustainable design elements.
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Heritage building safety needs enforcement, guidance and funding, says Wong

Heritage building safety needs enforcement, guidance and funding, says Wong

news

Updated:
  • Penang needs a multi-pronged approach to improve the safety of ageing buildings.
  • Enforcement, guidance, and aid are crucial for owners.
  • Public safety must take precedence where buildings pose structural risks.
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SCIB unit enters conditional co-development deal for RM83.2 mil Penampang condominium project

SCIB unit enters conditional co-development deal for RM83.2 mil Penampang condominium project

news

Updated:
  • SCIB's subsidiary, SCIBE, will co-develop a Sabah residential project with IWSB.
  • The Dimpoukon Residence has an estimated GDV of RM83.19 mil.
  • SCIBE will lead the project and fund most costs, with an 80:20 profit split.
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120 families in Sungkai, Kuala Bikam get land grants, settling 40-year dispute

120 families in Sungkai, Kuala Bikam get land grants, settling 40-year dispute

news

Updated:
  • 120 squatter families received land grants, ending a 40-year issue.
  • Resolution of the issue was proof that the Madani government prioritised the wellbeing of the people.
  • Minister Nga Kor Ming urged people to focus on performance, not racial sentiments.
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Lim Kang Hoo’s nephews exit Ekovest, IWCity boards to focus on LSH Capital

Lim Kang Hoo’s nephews exit Ekovest, IWCity boards to focus on LSH Capital

news

Updated:
  • Tan Sri Lim Keng Cheng and Datuk Lim Keng Guan are stepping down.
  • They are stepping down from their roles in companies linked to their uncle, Tan Sri Lim Kang Hoo.
  • They will focus on Lim Seong Hai Capital Bhd, where they both hold controlling stakes.
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Anwar orders report on Felda’s proposed hotel sale

Anwar orders report on Felda’s proposed hotel sale

news

Updated:
  • PM Datuk Seri Anwar Ibrahim ordered a report on Felda's hotel sale.
  • It was allegedly at a price far lower than the original purchase price.
  • Anwar, who is also finance minister, revealed that he refused to sign the approval document for the sale.
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Tanco hit by steepest decline on record, as losing streak wipes out nearly RM10 bil