News by Luqman Amin

Tower Real Estate Investment Trust (KL:TWRREIT), the REIT arm of the Hong Leong Group, announced that Martin Kung Boon Keat, the CEO of its REIT manager GLM REIT Management Sdn Bhd, will step down from his post on June 12, 2025.

East Malaysia-based consumer goods distributor Kim Teck Cheong Consolidated Bhd (KL:KTC) said it is acquiring 15.15 acres of land in Kota Kinabalu to develop a regional distribution and warehouse hub.

Property outfit NCT Alliance Bhd (KL:NCT) has proposed another acquisition of a majority stake in a Sabah landowner. The RM36 million acquisition will be settled via a share transfer.

The initiative, launched under the purview of Majlis Bandaraya Seremban (MBS), is designed to cut project approval times from 24 months to just 14 months.

The state aims to be a digital and sustainable hub, having secured two major data-centre projects—one green facility in Nilai backed by US investors, and another artificial intelligence (AI)-focused centre by Gamuda Bhd in Port Dickson.

The zero-tax incentive for single-family offices (SFOs) in Forest City could be gazetted by the Ministry of Finance as early as this Thursday, according to the Securities Commission of Malaysia (SC).

The Johor-Singapore Special Economic Zone (JS-SEZ), as a bilateral initiative, must transcend political cycles, Minister of Economy Datuk Seri Mohd Rafizi Ramli said on Monday.

A comprehensive blueprint for the Johor-Singapore Special Economic Zone (JS-SEZ) is expected to be finalised and unveiled by the end of 2025.

Six major local and international banks have signed letters of intent (LOIs) with the Ministry of Economy to help bring in investments to the Johor-Singapore Special Economic Zone (JS-SEZ), with RM2.35 billion in investment interest already secured.

As Singapore reaches its physical limits for data centre expansion, Malaysia—particularly Johor—is emerging as a preferred destination for global digital infrastructure providers, said Equinix Malaysia managing director Cheam Tat Inn.