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Housing ministry: 303 ‘sick’ housing projects worth RM40.2b recorded as of June 2026

Housing ministry: 303 ‘sick’ housing projects worth RM40.2b recorded as of June 2026

news

Updated:
  • 303 private housing projects in Peninsular Malaysia are 'sick' as of June 30.
  • 100 projects are abandoned, affecting 27,998 units and 14,961 buyers.
  • The ministry aims for zero new abandoned projects by 2030.
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AME REIT 1Q net income rises on new properties, declares 2.15 sen distribution

AME REIT 1Q net income rises on new properties, declares 2.15 sen distribution

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Updated:
  • AME REIT's net income rose 11% to RM10.23 mil in 1QFY2027.
  • Revenue increased by 17.7%, driven by new acquisitions and higher rental rates.
  • The REIT declared an interim income distribution of 2.15 sen per unit.
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Sunway Healthcare buys Iskandar Puteri land for RM45 mil in RPT for Johor expansion

Sunway Healthcare buys Iskandar Puteri land for RM45 mil in RPT for Johor expansion

news

Updated:
  • Sunway Healthcare is buying 9.918 acres in Johor for RM45.37 mil.
  • This expands their hospital network in southern Malaysia.
  • The acquisition will be completed by 2Q2027.
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South Korean K-Test breaks ground on RM200 mil Perak plant, marking first Southeast Asia facility

South Korean K-Test breaks ground on RM200 mil Perak plant, marking first Southeast Asia facility

news

Updated:
  • K-Test is building a US$50 mil semiconductor plant in Perak, Malaysia.
  • This facility will offer wafer and final testing services.
  • It will create 100 jobs and boost Malaysia's semiconductor industry.
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German life sciences firm Eppendorf to invest RM186m to build Penang plant

German life sciences firm Eppendorf to invest RM186m to build Penang plant

news

Updated:
  • Eppendorf will invest €40 mil in its first Southeast Asian manufacturing facility in Penang.
  • The plant will produce lab equipment, creating 130 jobs by 2029.
  • This strengthens Penang's role in advanced manufacturing and life sciences.
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Semico forms JV to operate family entertainment outlet at Pavilion Bukit Jalil

Semico forms JV to operate family entertainment outlet at Pavilion Bukit Jalil

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Updated:
  • Semico Capital Bhd is forming a joint venture for a family entertainment outlet.
  • They will operate arcade machines and retail merchandise at Pavilion Bukit Jalil.
  • Semico will hold a 49% stake in Kosmare for this new venture.
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Cabinet approves extending Act 672 to Selangor for public cleansing reform, says Nga

Cabinet approves extending Act 672 to Selangor for public cleansing reform, says Nga

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Updated:
  • The Cabinet extended Act 672 to Selangor's 12 local authorities.
  • A task force will improve public cleansing standards there.
  • This aims to boost waste management and recycling efforts.
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JLL: KL office and retail vacancies tighten in 2Q as flight to quality gathers pace

JLL: KL office and retail vacancies tighten in 2Q as flight to quality gathers pace

news

Updated:
  • Kuala Lumpur's commercial property market showed resilience in 2Q2026.
  • Office and retail vacancies declined, driven by strong demand and tourism.
  • Industrial supply surged, but high-quality logistics facilities still attracted occupiers.
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IJM credits Krishnan Tan for his leadership, says retirement long planned, strategy unchanged

IJM credits Krishnan Tan for his leadership, says retirement long planned, strategy unchanged

news

Updated:
  • Tan Sri Krishnan Tan's retirement had been long in the works at IJM Corp.
  • His departure was planned, as he indicated his current term would be his last.
  • Tan played a key role in IJM's growth and leadership.
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IJM chairman Krishnan Tan to retire after 42 years

IJM chairman Krishnan Tan to retire after 42 years

news

Updated:
  • Tan Sri Krishnan Tan will retire as IJM Corp Bhd chairman after the upcoming AGM.
  • He served IJM for many years, holding various leadership positions.
  • As at end-June 2026, Tan held a direct stake of 0.3% and an indirect stake of 0.032% in IJM.
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