News by Justin Lim

It also announced the signing of an integrated logistics services agreement with Sharp Electronics (Malaysia) Sdn Bhd for the provision of warehousing, storage and handling services.

Paragon Globe Bhd has signed a memorandum of understanding (MOU) with Solarvest Holdings Bhd to jointly develop a solar-ready factory and green industrial township in Johor Bahru.

Melaka-based tourism-themed developer Yong Tai Bhd has reinstated Datuk Wira Boo Kuang Loon as its chief executive officer (CEO), nearly nine months after his initial resignation on May 10, 2023.

Haily Group Bhd has bagged a RM45.8 million contract to build 120 double-storey houses in Kulai, Johor, from a subsidiary of IOI Properties Bhd.

The imminent service tax hike and the implementation of luxury goods tax this year could weigh on consumers’ sentiment, but the impact is yet to be seen for CapitaLand Malaysia Trust (CLMT), said the trust’s chief executive officer Tan Choon Siang.

Lui Chong Chee has resigned as chairman and non-executive and independent director of CapitaLand Malaysia REIT Management Sdn Bhd (CMRM), manager of CapitaLand Malaysia Trust (CLMT), with effect from Feb 1.

Earnings per share increased to 3.41 sen from 2.41 sen. 

Avillion and 23 of its subsidiaries were listed among the 71 assets in the Malaysian Anti-Corruption Commission’s charge sheet, in its case against Daim.

Pavilion Real Estate Investment Trust (Pavilion REIT) said its net property income (NPI) rose 38.97% to RM134.64 million for the fourth quarter ended Dec 31, 2023  (4QFY2023), from RM96.89 million a year earlier, due to increased revenue from its malls, including newly acquired Pavilion Bukit Jalil.

Sentral Real Estate Investment Trust (Sentral REIT)'s net property income (NPI) rose 30.21% to RM36.26 million for the fourth quarter ended Dec 31, 2023 (4QFY2023), from RM27.85 million a year earlier, on the back of higher revenue.