News by Justin Lim

Construction costs, including building materials and fuel, account for up to 50% of total development costs, while land costs make up for 20%.

AME Elite Consortium Bhd (KL:AME) posted a net profit of RM283.97 million for the financial year ended March 31, 2026 (FY2026), its highest since the construction and property group's listing on Bursa Malaysia in 2019.

Both companies declared interim dividends of 20 sen per share for the quarter.

The bourse regulator said the disclosure-related breaches involved a letter of award, failure to update the status of an article of agreement, and delayed disclosure of the project termination.

The Malaysia Semiconductor IC Design Park has hired 302 engineers, on track to hit its 400-engineer target by end-2026, said Sidec.

Johor’s proximity to Singapore continues to drive data centre investments into the state, even as rising operating costs narrow its cost advantage, said S&P Global Ratings corporate ratings director Ng Yijing.

The Employees Provident Fund (EPF), the largest shareholder in IJM Corp Bhd (KL:IJM), voluntarily abstained from voting on the takeover offer by Sunway Bhd (KL:SUNWAY) for the construction group.

GuocoLand (Malaysia) Bhd (KL:GUOCO) said the proposal by its controlling shareholder to privatise the company will be tabled at an extraordinary general meeting  (EGM) on a date to be fixed later.

Axis Real Estate Investment Trust (KL:AXREIT) said the acquisition of an RM800 million industry property in Seberang Perai Tengah from Ann Joo Resources Bhd’s (KL:ANNJOO) wholly owned subsidiary Ann Joo Steel Bhd has been terminated.

Real estate investment trusts (REITs) led losses across Bursa Malaysia’s sectoral indices on Thursday (March 19), as sentiment turned sour following the government’s move to remove a decade-long preferential tax treatment on REIT distribution.