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AmFIRST REIT 1Q profit before tax doubles to RM6.64m as occupancy improves

AmFIRST REIT 1Q profit before tax doubles to RM6.64m as occupancy improves

news

Updated:
  • AmFIRST REIT's Q1FY2027 profit before tax more than doubled to RM6.64 million.
  • This was driven by improved operations and a swing in unrealised valuation movements.
  • Portfolio occupancy reached 88.3%, the highest level since FY2014.
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The Federal Kuala Lumpur reopens following refurbishment

The Federal Kuala Lumpur reopens following refurbishment

news

Updated:
  • The Federal Kuala Lumpur reopened after renovations.
  • It now boasts 150 refurbished rooms and updated spaces.
  • The hotel offers a 'Rediscover Federal Package' for Malaysian residents.
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Ekovest plans RM356m rights issue to fund LIKE, pare debts; major shareholder Lim Kang Hoo may trigger MGO

Ekovest plans RM356m rights issue to fund LIKE, pare debts; major shareholder Lim Kang Hoo may trigger MGO

news

Updated:
  • Ekovest Bhd plans to raise RM355.85 million via a rights issue for projects and debt.
  • Major shareholder Lim Kang Hoo will fully subscribe, potentially triggering a takeover offer.
  • Funds will support the LIKE expressway, other projects, and debt repayment.
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Ahmad Maslan: Contractors need to submit evidence of material price increases for VOP

Ahmad Maslan: Contractors need to submit evidence of material price increases for VOP

news

Updated:
  • Contractors must submit evidence of material price hikes to DOSM for VOP consideration.
  • Current data shows small, stable increases for most materials.
  • Strong evidence of significant cost increases is needed for VOP approval.
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Butterworth-Kulim Railway among 14 high-impact projects in Penang State Structure Plan 2040 draft

Butterworth-Kulim Railway among 14 high-impact projects in Penang State Structure Plan 2040 draft

news

Updated:
  • Penang's draft plan identifies 14 projects for growth and connectivity.
  • These include a railway, coastal road, and mixed-use development.
  • The plan aims to boost the economy, ease traffic, and protect natural resources.
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Penang to implement new worker housing guidelines, only business, industrial areas allowed

Penang to implement new worker housing guidelines, only business, industrial areas allowed

news

Updated:
  • Penang will implement new guidelines for temporary worker housing on Sept 1.
  • Accommodation will only be allowed in commercial and industrial zones.
  • This aims to manage needs until more centralised housing is available.
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YBS International buys Penang factory for RM23.5m cash

YBS International buys Penang factory for RM23.5m cash

news

Updated:
  • YBS International is buying a Penang industrial property for RM23.5 million cash.
  • This acquisition will expand its capacity to meet higher customer demand.
  • The property is near existing plants, improving accessibility and oversight.
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WTEC Group to acquire RM7.74m Semenyih factory for expansion

WTEC Group to acquire RM7.74m Semenyih factory for expansion

news

Updated:
  • WTEC Group plans to buy a factory in Semenyih for RM7.74 million.
  • This acquisition will support future manufacturing expansion.
  • The purchase is expected to be completed by 3Q2028.
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Johor Bahru traffic dispersal plan being drawn up ahead of RTS Link operations, says Zahid

Johor Bahru traffic dispersal plan being drawn up ahead of RTS Link operations, says Zahid

news

Updated:
  • Plans are underway to ease Johor Bahru traffic before the RTS Link opens.
  • This involves agency coordination and public transport integration.
  • The goal is smoother cross-border mobility and an efficient system.
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Third Penang bridge, undersea tunnel remain indicative in draft RSNPP 2040 — CM Chow

Third Penang bridge, undersea tunnel remain indicative in draft RSNPP 2040 — CM Chow

news

Updated:
  • Penang's draft 2040 plan includes a third bridge or undersea tunnel.
  • This project is part of the Penang Transport Master Plan.
  • Public feedback is encouraged on the draft plan until Sept 9th.
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AmFIRST REIT 1Q profit before tax doubles to RM6.64m as occupancy improves