News by Deepalakshmi Manickam

Sentral REIT (KL:SENTRAL) reported a slight decline in its net property income as operating expenses rose faster than the rentals in the recently-ended quarter.

Ahmad Zaki Resources Bhd (KL:AZRB) has been served with another winding-up petition, this time by Perunding ZKR Sdn Bhd over an alleged outstanding payment of RM3.94 million for works carried out under the East Klang Valley Expressway (EKVE) project.

PRG Holdings Bhd’s (KL:PRG) largest shareholder, Datuk Ng Yan Cheng, has petitioned the court to wind up the company after the two parties failed to reach an agreement to restructure a RM21.22 million shareholder advance provided by Ng.

Property developer YNH Property Bhd’s (KL:YNHPROP) wholly-owned subsidiary, YNH Construction Sdn Bhd, has received approval from the Inland Revenue Board (IRB) for a settlement plan to resolve its outstanding tax arrears, which had resulted in a winding-up petition by the tax authority.

PRG Holdings Bhd’s (KL:PRG) largest shareholder Datuk Ng Yan Cheng has pushed back against what he called one-sided claims that imply he and his family intended to harm PRG, saying such claims ignore the financial support and commercial risks he had taken over the years to support the company during difficult periods.

Johor’s property market is set to benefit from rising industrial land values and upcoming infrastructure projects, according to CIMB Securities, citing a two-speed market where industrial and landed segments are favoured while high-rise supply risks loom.

Data centre activity and the broader global technology upcycle are expected to keep Malaysia’s economic growth steady this year, even as the world economy faces pressure from higher energy prices and geopolitical risks, according to the International Monetary Fund (IMF).

The proposed councillor system for Kuala Lumpur City Hall (DBKL) will not be introduced for now, as the government focuses on strengthening existing governance mechanisms.