News by M

Property developer Eastern & Oriental Bhd (KL:E&O) said on Friday it would consider divesting its final UK asset, the 54-unit Lincoln Suites at Princes House near Covent Garden, at the right price.

The government has decided not to adopt the en-bloc sale model in any urban renewal project to avoid forced relocation and gentrification, said PLANMalaysia deputy director general (development) Saidin Lateh.

The Housing and Local Government Ministry (KPKT) is ready to retable the second reading of the Urban Renewal Bill (URB) 2025 at the Dewan Rakyat sitting next week.

Suria KLCC has gained an entry into the Malaysia Book of Records for introducing the country’s first outdoor skating rink, unveiled under its ‘A Majestic Christmas’ campaign running from Nov 22 to Jan 4, 2026 in the city centre shopping mall.

Sunsuria Bhd today announced its financial results for the fourth quarter ended Sept 30, 2025 (4Q), recording revenue of RM104.39 million and pre-tax profit (PBT) of RM16.11 million. In comparison, the group recorded revenue of RM152.11 million and PBT of RM14.74 million in the same quarter last year.

A three-member Court of Appeal bench ruled on Tuesday (Nov 25) that a pool, clubhouse, and two other land plots for a Tenaga Nasional Bhd (KL:TENAGA) substation and a proposed commercial building are the “common property” of a condominium complex in Langkawi, Kedah.

Tuju Setia Bhd (KL:TJSETIA) has secured a RM54 million contract to construct a five-storey factory in Klang, Selangor.

Integrated industrial space solutions provider AME Elite Consortium Bhd (KL:AME) reported a record net profit of RM143.76 million for its second financial quarter ended Sept 30, 2025 (2QFY2026), up a whopping 541.4% from RM22.41 million a year earlier, lifted by the completion of a major land sale to a data centre and steady organic growth in its industrial park developments.

Eastern & Oriental Bhd (E&O) reported a stronger set of results for the second quarter ended Sept 30, 2025 (2Q2025), with net profit rising 65.3% to RM50.24 million from RM30.39 million a year earlier.

IJM Corp Bhd posted higher revenue for its second quarter, although net profit slipped due to softer contributions from its property development and port operations.