News by M

Asia's data centre expansion will significantly increase power demand through 2028, with Malaysia, Indonesia and India identified as key growth markets in the region, according to BMI, a unit of Fitch Solutions.

The RM1.7 billion New Pantai Expressway Extension (NPE 2) project, which covers 6.4km along the main route or 15km in total, including directional ramps, connecting the Pantai Dalam Toll Plaza to Jalan Istana, is expected to be completed and operational by 2029.

Kerjaya Prospek Group Bhd (KL:KERJAYA) has secured a RM56.4 million construction contract from the Penang Chief Minister’s Department.

The November Auction Carnival 2025 will be held on Nov 26, featuring nearly 600 properties from both bank foreclosures and Owner Auction™ listings, offering exciting deals for homebuyers and investors.

Malaysia’s construction sector recorded 10.6% growth, with the value of work done reaching RM45.4 billion in the third quarter of 2025, according to the Department of Statistics Malaysia's (DOSM) latest data.

The mandatory general offer (MGO) from Vestland Bhd’s (KL:VLB) largest shareholders, at a discount to its market price, has come to a close with a sliver of acceptances.

Amanahraya Real Estate Investment Trust (KL:ARREIT) plans to establish a RM2 billion medium-term note programme to raise capital for refinancing and funds for working capital and capital expenditure.

Eco Business Park 7 (EBP 7), the first industrial development in Parcel C of the Malaysia Vision Valley 2.0 (MVV 2.0) masterplan, was officially launched today with the opening of its sales gallery.

Property developer LBS Bina Group Bhd’s indirect wholly owned subsidiary, Sinaran Restu Sdn Bhd (SRSB), is selling two parcels of land in Johor Bahru for RM110 million cash to Asiana Square Sdn Bhd.

Construction firm Taghill Holdings Bhd (KL:TAGHILL) said two of its wholly owned subsidiaries, which are not major contributors, have filed applications for a judicial management order to address their financial position and cash flow constraints.