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ECRL cargo service could replace up to 79 lorries per train trip, says deputy minister

ECRL cargo service could replace up to 79 lorries per train trip, says deputy minister

news

Updated:
  • The ECRL cargo service can replace 79 lorries per trip, easing road congestion.
  • Each ECRL train can carry 3,150 tonnes, far exceeding a lorry's 40-tonne capacity.
  • This initiative aims to shift cargo from road to rail, improving highway safety.
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Property managers reject ad-hoc intervention as solution to low-cost housing crisis

Property managers reject ad-hoc intervention as solution to low-cost housing crisis

news

Updated:
  • MIPFM states COB intervention isn't a long-term fix for low-cost housing issues.
  • Untrained committees, low fees, and poor oversight are key problems.
  • They propose professional management and a National Housing Management Body.
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UOA REIT declares 3.94 sen distribution as 2Q property income jumps 30.8%

UOA REIT declares 3.94 sen distribution as 2Q property income jumps 30.8%

news

Updated:
  • UOA REIT declared a 3.94 sen per unit distribution.
  • Its 2Q net property income surged 30.8% due to better occupancy.
  • The REIT anticipates stable office space demand and seeks acquisitions.
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SWS Capital units dispose of Muar industrial properties for RM15.5 mil

SWS Capital units dispose of Muar industrial properties for RM15.5 mil

news

Updated:
  • SWS Capital is selling three industrial properties for RM15.5 mil.
  • This move is part of a group rationalisation exercise.
  • The sale is expected to generate a net gain of RM2.015 mil.
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Prestar acquires three Serendah Technology Park factories for RM15.43 mil in RPT

Prestar acquires three Serendah Technology Park factories for RM15.43 mil in RPT

news

Updated:
  • Prestar Resources Bhd is acquiring three factories for RM15.43 mil.
  • This is a related party transaction due to director interests.
  • The properties are in Serendah Technology Park, Rawang North.
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Cengild Medical proposes RM350 mil tertiary private hospital JV on Penang’s Andaman Island

Cengild Medical proposes RM350 mil tertiary private hospital JV on Penang’s Andaman Island

news

Updated:
  • Cengild Medical plans a RM350 mil hospital JV in Penang.
  • They will partner with KCB and Skyspring on Andaman Island.
  • Shareholders will vote on the proposal on Aug 6, 2026.
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OCR to acquire 49% stake in Chester Properties for RM19.6 mil through share issuance

OCR to acquire 49% stake in Chester Properties for RM19.6 mil through share issuance

news

Updated:
  • OCR Group Bhd will acquire a 49% stake in Chester Properties for RM19.6 mil.
  • This will be paid via 478.05 million new shares at 4.1 sen each.
  • Chester Properties must meet a RM13.65 mil profit guarantee by 2029.
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Sunway Healthcare extends Putrajaya hospital JV heads of agreement to Sept 30

Sunway Healthcare extends Putrajaya hospital JV heads of agreement to Sept 30

news

Updated:
  • Sunway Healthcare extended its JV agreement with Putrajaya Holdings.
  • For the proposed JV to construct and lease Sunway Medical Centre Putrajaya.
  • The new deadline is Sept 30, 2026.
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MyNews plans to acquire 13.5-acre Serendah industrial land for RM24.7 mil

MyNews plans to acquire 13.5-acre Serendah industrial land for RM24.7 mil

news

Updated:
  • MyNews plans to buy 13.5 acres in Selangor for RM24.7 mil cash.
  • This land will house a new distribution centre to boost efficiency.
  • The acquisition supports long-term expansion and growth plans.
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ECRL cargo service could replace up to 79 lorries per train trip, says deputy minister