News by Luqman Amin

Sentral REIT (KL:SENTRAL), which owns a portfolio of prime office and commercial buildings in Klang Valley and Penang, saw its third-quarter net property income (NPI) slip, no thanks to higher operating expenses, including one-off equipment repairs and replacement costs across several properties.

Construction and property development group Kerjaya Prospek Group Bhd (KL:KERJAYA) said it has secured an RM87.66 million contract to undertake building works for a commercial development project in Shah Alam.

Under the term sheet, Rongyao will inject cash, strategic assets and lead financial restructuring with Ireka’s creditors.

Lim said that while data centres are designed with high levels of redundancy, repeated water supply interruptions could prompt operators to boost storage capacity and contingency measures.

The Ministry of Transport (MOT) said it will initiate action through the Land Public Transport Agency (APAD) against Malaysia Airports Holdings Bhd (MAHB) following a series of repeated technical failures involving the Kuala Lumpur International Airport (KLIA) aerotrain system.

Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa told Parliament there was no official consent threshold in place when the Kampung Sungai Baru redevelopment project was approved in 2020.

The government on Thursday said it had no role in choosing the developer for the Kampung Sungai Baru redevelopment project—the decision was made entirely by the residents, Parliament was told.

A special ministerial briefing on the redevelopment of Kampung Sungai Baru will be held in the Dewan Rakyat on Thursday, Oct 9.

Property developer Meridian Bhd (KL:MERIDIAN), a Practice Note 17 company, has secured a RM40.5 million contract for a government-backed civil servants’ housing project in Kuala Muda, Kedah.

Sunway Bhd’s (KL:SUNWAY) acquisition of Hongkong Land (MCL) Holdings Ltd [MCL] will more than double its total project value in Singapore to RM15.3 billion.