News by Justin Lim

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.

Glomac Bhd's (KL:GLOMAC) net profit nearly tripled in its third financial quarter, on improved contribution from its property development business amid increased activities.

He succeeds Yeoh Chong Keat, 68, who resigned after serving on the board for nearly 10 years since his appointment in August 2016.

Sunway Real Estate Investment Trust (KL:SUNREIT) is establishing a sustainability-linked commercial papers (SLCPs) programme of up to RM3 billion in nominal value.

The joint venture between Ann Joo Resources Bhd (KL:ANNJOO) and Transyear Sdn Bhd has secured a deal to sell a 60.1-acre industrial land in Gurun, Kedah, for RM117.81 million cash.