News by John Lai

Bank Negara Malaysia (BNM) has kept its benchmark overnight policy rate (OPR) unchanged at 2.75% on Thursday, in line with expectations.

EXSIM Hospitality said the contract is expected to contribute positively to its net assets per share, earnings and gearing throughout the contract period.

Lim Seong Hai Capital Bhd (KL:LSH) has entered into two deals for mixed development projects in Kuala Lumpur and Selangor, with a combined estimated gross development value (GDV) of RM903.9 million.

KSL Holdings Bhd (KL:KSL) closed 2025 on a strong note, delivering record fourth-quarter results with net profit surging 66.4% to RM258.41 million from RM155.25 million a year earlier.

UOA Development Bhd (KL:UOADEV) posted a 50.3% jump in fourth-quarter net profit, lifted by a sizeable revaluation surplus on its investment properties, despite weaker revenue from slower progress billings.

Cahya Mata Sarawak Bhd (KL:CSMB) reported a 70.3% drop in fourth-quarter net profit, due to the absence of RM48.41 million in foreign exchange (forex) gains, higher precommissioning costs for its phosphate plant and lower contributions from associates.

Transport Minister Anthony Loke has expressed disappointment over repeated breakdowns on the LRT Kelana Jaya Line, which has disrupted travel for thousands of Klang Valley commuters on Tuesday.

GDB Holdings Bhd (KL:GDB) is acquiring three parcels of leasehold land in Kuching, Sarawak for RM32.72 million, marking its expansion into property development there.

GDB Holdings Bhd (KL:GDB) said its wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd has obtained a favourable High Court judgment against KSK Land Sdn Bhd, which is in liquidation, to recover amounts owed for works on the 8 Conlay project.

Iskandar Waterfront City Bhd (KL:IWCITY) is disposing of a parcel of vacant land measuring 16.43 acres in Plentong, Johor Bahru, for RM71.55 million.