News by M

Real estate developer Mulpha International Bhd (KL:MULPHA) swung back to profit in the first quarter, lifted by stronger property settlements in Australia and improved contributions from its hotel operations.

Transport Minister Anthony Loke has ordered authorities to launch an investigation and take maximum punitive action against Prasarana Malaysia Bhd following the LRT derailment incident earlier on Thursday.

Penang Chief Minister Chow Kon Yeow released parts of the request for proposal (RFP) and tender documents for the Ladang Byram/Changkat project under Batu Kawan Industrial Park (BKIP) 2 to defend the state’s rejection of the IJM Properties-led consortium bid.

Sunway Bhd’s (KL:SUNWAY) shares climbed after its first-quarterly earnings booked a RM9.4 billion gain in net profit.

Tropicana Corp Bhd’s revenue for the first quarter ended March 31, 2026 (1QFY2026) rose 20.5% to RM313.7 million from RM260.4 million a year earlier, driven by higher progress billings from key projects nearing completion in the Klang Valley and northern region.

Property and construction group ETA Group Bhd, formerly known as Rex Industry Bhd, is proceeding with the proposed acquisition of a freehold industrial property in Bandar Sri Damansara, Selangor, for RM16.5 million in cash.

Kuala Lumpur’s luxury hotel segment recorded transaction volumes of about RM660 million between 2023 and 2025, a 14% increase from the equivalent three-year period before the Covid-19 pandemic, as investor appetite for premium hospitality assets continued to strengthen, according to JLL.

Lim Seong Hai Capital Bhd (LSH Capital) has accepted a letter of offer from Perbadanan Aset Keretapi (RAC) for the proposed development of two land parcels in Selangor measuring a combined 17.4 acres. 

Matrix Concepts Holdings Bhd’s net profit for the financial year ended March 31, 2026 (FY2026) inched up 3.9% to RM223.26 million from RM214.85 million a year earlier, as higher development revenue was partially offset by margin compression and higher tax expenses.

UOA Group co-founder and UOA Development Bhd (KL:UOADEV) executive director and managing director Kong Chong Soon @ Chi Suim, or better known as CS Kong, has passed away at the age of 85.