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Puncak Niaga to sell two plots of land for RM237m to pare debt, buyer plans mixed development

Puncak Niaga to sell two plots of land for RM237m to pare debt, buyer plans mixed development

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Updated:
  • Puncak Niaga plans to sell two land plots for RM237.15 million.
  • Proceeds will repay bank loans and unlock asset value.
  • This avoids substantial capital outlay for development.
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Public Service DG Wan Ahmad Dahlan appointed as MRT Corp chairman

Public Service DG Wan Ahmad Dahlan appointed as MRT Corp chairman

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Updated:
  • Tan Sri Dr Wan Ahmad Dahlan Abdul Aziz is the new MRT Corp chairman.
  • He brings vast experience in public administration and leadership.
  • His role is crucial for major infrastructure projects and urban development.
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Malaysian CIQ complex, RTS station in separate structures to retain access to Singapore’s Public Utilities Board pipelines

Malaysian CIQ complex, RTS station in separate structures to retain access to Singapore’s Public Utilities Board pipelines

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Updated:
  • Malaysia's CIQ and RTS Link station are separate because of Singapore's PUB pipelines.
  • This differs from Singapore's integrated complex design.
  • The ART project will integrate with the RTS Link for city connectivity.
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Govt to build RM60m bridge between Bukit Chagar RTS Station and KTMB Komuter — Loke

Govt to build RM60m bridge between Bukit Chagar RTS Station and KTMB Komuter — Loke

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Updated:
  • A new bridge will link Bukit Chagar RTS Station and KTMB Komuter.
  • This RM60 million project improves public transport integration.
  • It will ease passenger access and encourage RTS Link use.
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The Federal Kuala Lumpur reopens following refurbishment

The Federal Kuala Lumpur reopens following refurbishment

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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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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

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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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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

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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

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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

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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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