News by Choy Nyen Yiau

CapitaLand Malaysia Trust (KL:CLMT) started financial year 2025 with a 9.6% year-on-year increase in first-quarter net property income (NPI), boosted by higher revenue from most properties, strong retail rental growth, and income from the fully occupied Glenmarie Distribution Centre after its upgrade.

Practice Note 17 (PN17) construction outfit TXCD Bhd (KL:TXCD), formerly known as Ageson Bhd, said on Friday that it has secured an RM85.5 million subcontract to undertake a construction project in Bandar Subang Jaya, Selangor.

Fajarbaru Builder Group Bhd (KL:FAJAR) said on Tuesday it has clinched a RM63.7 million contract for construction works in Klang, Selangor.

Kerjaya Prospek Group Bhd (KL:KERJAYA) said on Monday that it has secured a contract worth RM291.43 million for construction works in Pulau Andaman, Penang.

The construction sector is likely to be less impacted by the US tariffs due to its focus on the domestic market, but industrial job flows may slow temporarily as companies adjust their strategies, analysts said.

A lawsuit has been filed by the former operator of KL Tower against Lim Seong Hai Capital Bhd's (KL:LSH) subsidiaries and the Malaysian government, challenging the award of the KL Tower concession to LSH Service Master Sdn Bhd.

Construction firm Inta Bina Group Bhd (KL:INTA) is acquiring a 100% stake in Aliran Restu Sdn Bhd, which holds development rights to three parcels of land in Bandar Glenmarie, Selangor, for RM5 million.

Scanwolf Corp Bhd (KL:SCNWOLF) has secured a RM42 million contract for sub-structure works on two commercial blocks in Jalan Ampang in a related-party transaction (RPT).

Property developer Lagenda Properties Bhd (KL:LAGENDA) is acquiring six parcels of freehold land in Senawang, Negeri Sembilan, measuring 138.17 acres, for RM60.2 million.

Iskandar Waterfront City Bhd (KL:IWCITY) has proposed a regularisation plan involving the issuance of new shares to settle outstanding debts, a private placement and a capital reduction in order to exit its affected listed issuer status.