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From chicken hotpot to data centre: Penang restaurant chain owner bags RM204m tech services deal

From chicken hotpot to data centre: Penang restaurant chain owner bags RM204m tech services deal

news

Updated:
  • A chicken hotpot operator secured a US$50 mil deal for data centre services.
  • This marks their entry into tech infrastructure, diversifying their business.
  • The company will continue its restaurant operations alongside this new venture.
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Data centres to keep Malaysia’s growth steady as IMF leaves forecast intact

Data centres to keep Malaysia’s growth steady as IMF leaves forecast intact

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Updated:
  • Malaysia's economy will grow by 4.7% in 2026, driven by data centres and tech.
  • Global tech demand, especially AI, supports this growth.
  • However, risks like conflict and high energy prices persist.
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Govt expects stable construction material prices, supply as diesel prices moderate

Govt expects stable construction material prices, supply as diesel prices moderate

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Updated:
  • Construction material prices are expected to be stable due to moderated fuel costs.
  • Overall construction costs rose 5-10% from elevated fuel prices.
  • The government monitors projects to mitigate contractor burdens.
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MACC probing alleged US$13 mil luxury property tied to 1MDB funds

MACC probing alleged US$13 mil luxury property tied to 1MDB funds

news

Updated:
  • MACC launched 'Op Agam' on June 15 to probe a US$13 mil luxury property.
  • It's believed to be linked to alleged 1MDB fund misappropriation and money laundering.
  • MACC is collaborating with international agencies like the FBI to recover the asset.
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Signature launches HomeFest 2026, expands 360° home living ecosystem

Signature launches HomeFest 2026, expands 360° home living ecosystem

news

Updated:
  • Signature International Bhd launched HomeFest 2026, expanding into a 360° home living solutions provider.
  • This initiative integrates cabinetry, renovation, smart home tech, and interior finishes on one platform.
  • The goal is to simplify home transformation for modern homeowners.
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Bank Negara maintains policy rate, says current stance fit for purpose

Bank Negara maintains policy rate, says current stance fit for purpose

news

Updated:
  • Malaysia's central bank maintained its overnight policy rate at 2.75%.
  • This decision supports stable growth and controlled inflation.
  • The economy shows resilience despite global uncertainties.
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Lessons Malaysia can learn from Denmark’s sustainable urban model

Lessons Malaysia can learn from Denmark’s sustainable urban model

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Updated:
  • Malaysia seeks Denmark's expertise for sustainable urban development.
  • Danish officials shared insights on creating healthy, livable cities.
  • Long-term investment and cross-sector collaboration are crucial for success.
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Mah Sing’s M Amaya hits 92% take-up for Phase 1A; Village Grocer signed as anchor

Mah Sing’s M Amaya hits 92% take-up for Phase 1A; Village Grocer signed as anchor

news

Updated:
  • Mah Sing launched M Amaya in Penang, with Phase 1A 92% sold.
  • This mixed-use project offers 833 serviced apartments and retail shops.
  • Village Grocer will anchor the retail podium, enhancing convenience for residents.
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KIP REIT calls unitholder vote on RM435 mil Setapak mall buy

KIP REIT calls unitholder vote on RM435 mil Setapak mall buy

news

Updated:
  • KIP REIT seeks unitholder approval to acquire Setapak Central Mall for RM435 mil.
  • The purchase will be funded by bank borrowings and a private placement of new units.
  • This acquisition will significantly increase KIP REIT's total property assets.
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Hektar REIT completes Penang industrial acquisition and lease

Hektar REIT completes Penang industrial acquisition and lease

news

Updated:
  • Hektar REIT completed a Penang industrial property acquisition.
  • The deal was announced in February 2025.
  • The property includes factory, warehouse, and office space.
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From chicken hotpot to data centre: Penang restaurant chain owner bags RM204m tech services deal