News by Luqman Amin

Hyatt Regency Kuala Lumpur at KL Midtown officially opened its doors on Tuesday, marking the return of the Hyatt Regency brand to Kuala Lumpur and representing Hyatt Hotels Corporation’s seventh property in the city.

It made a net profit of RM54.44 million for its 2QFY2025, up 46.8% from RM37.08 million in 2QFY2024.

Land & General Bhd’s (KL:L&G) net profit more than doubled in the first quarter on higher contributions from its property development and education divisions.

Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) said on Thursday that the approved higher ceiling price of RM16.8 billion for the LRT Mutiara Line project was due to cost inflation and increased scope of work, not cost overruns.

Property developer Eastern & Oriental Bhd (KL:E&O) has signed a deal to sell two adjoining freehold land parcels in London, covering 1.329 acres, for at least £75 million (RM427.8 million) and up to £90.54 million (RM515.8 million).

A thorough cost-benefit analysis is needed to determine if Terengganu's Tasik Kenyir can become a data centre and artificial intelligence hub, as proposed by a lawmaker from the state, according to the Minister of Investment, Trade and Industry Tengku Datuk Seri Zafrul Abdul Aziz.

Government’s upcoming technical study on extending the East Coast Rail Link (ECRL) to the Malaysia–Thailand border will look into addressing some challenges, including track gauge differences and flood risks, said Transport Minister Anthony Loke Siew Fook.

Chin Hin Group Property Bhd (KL:CHGP) said it will divest its commercial vehicle and bodyworks operations by selling its entire stakes in four subsidiaries for RM74 million.

US-based chipmaker AMD has expanded its operations in Malaysia by opening a new office and engineering lab in Bayan Lepas, Penang, on Thursday.

Bina Puri Holdings Bhd (KL:BPURI), which faces  multiple winding-up petitions, said it has sought the Corporate Debt Restructuring Committee's assistance (CDRC) to mediate between the company and its lenders.