News by M

Tropicana Corp Bhd (Tropicana) reported revenue of RM1.5 billion for the financial year ended Dec 31, 2025 (FY2025), up 6% from the preceding year, supported by higher progress billings across projects in the Klang Valley, southern and northern regions.

Malaysian contractors and building materials companies may face margin pressure from rising costs amid escalating conflict in the Middle East, CIMB Securities said.

Malaysia’s anti-graft agency said it has opened an investigation paper linked to Sunway Bhd’s (KL:SUNWAY) ongoing takeover offer for IJM Corp Bhd (KL:IJM).

TA Global Bhd officially unveiled Tower B of Amaya Residences in Bandar Sri Damansara, Selangor on March 1, following an 80% take-up rate for Tower A of the development.

Tropicana Corp Bhd has formalised 10 memoranda of understanding through its hospitality arm, T Journey Collection Sdn Bhd, to strengthen its ecosystem ahead of its official launch next month.

Sime Darby Property Bhd (SimeProp) has closed FY2025 with a record profit before tax (PBT) of RM803.4 million for the financial year ended Dec 31, 2025, marking the successful conclusion of its five-year SHIFT25 plan.

IJM Corp Bhd posted a 12.4% rise in revenue to RM5.01 billion for the nine months ended Dec 31, 2025 (9M FY2026), supported by a recovery in construction activities and steady demand in its manufacturing and quarrying operations.

Light Rail Transit 3 (LRT3)’s main contractor could face penalties of more than RM475 million due to project delays, Transport Minister Anthony Loke said.

Rivertree STF Synergies Bhd (KL:RSSB), formerly known as Sinmah Capital Bhd, has entered into a heads of agreement (HOA) to collaborate on the design, construction and operation of up to four centralised labour quarters (CLQs) in the Klang Valley, with a total indicative value of RM600 million.

Gadang Holdings Bhd (KL:GADANG) is buying an 11.18-acre parcel of land in Johor Bahru for RM75.48 million from a unit of Ekovest Bhd (KL:EKOVEST).