News by Luqman Amin

Sarawak Consolidated Industries Bhd (KL:SCIB) has denied allegations by Awana JV Suria Saga Sdn Bhd (Awana), the developer of the previously scrapped RM162 million Perak housing project, regarding outstanding debts and demanded the latter to settle the debt promptly.

Economists anticipate Bank Negara Malaysia (BNM) to maintain its overnight policy rate (OPR) at 3% throughout 2025, in a move to strike a balance between sustaining economic growth and managing rising inflationary pressures.

Mitrajaya Holdings Bhd (KL:MITRA) said it has secured a RM375.5 million contract for the construction of a data centre in Kuala Lumpur.

As the world transitions into what the World Economic Forum (WEF) described as the "intelligent age", artificial intelligence (AI) and data centres are emerging as pivotal drivers of technological and energy system transformation.

“Despite numerous reminders and demands, Awana failed to fulfil the condition precedent."

Gamuda Bhd (KL:GAMUDA) said its consortium has been appointed as the main contractor to deliver the first civil works package worth over RM8 billion for the Penang Light Rail Transit project.

Aeon Co (M) Bhd (KL:AEON) announced on Wednesday that the High Court has granted the company a conditional stay of the judgment issued on Dec 16, 2024, which found Aeon in breach of a tenancy agreement with Betanaz Properties Sdn Bhd, a 51%-owned subsidiary of Ahmad Zaki Resources Bhd (KL:AZRB).

CME said current housing affordability measurements rely heavily on financial aspects — essentially a comparison of income to prices — while overlooking critical factors such as connectivity, property size, and access to job opportunities.

Exsim Hospitality Bhd (KL:EXSIMHB), formerly known as Pan Malaysia Holdings Bhd, has secured a sub-contract worth RM20.98 million for renovation works on 62 office units located on Old Klang Road.

SkyWorld said the stock exchange had approved its request for a trading suspension from 9am to 5pm, pursuant to Paragraph 3.1(b) of Practice Note 2 of the listing requirements.