News by M

The tension between the great powers, China and the US, has caused some jitters in the global market, but it has also inadvertently benefitted some countries in Southeast Asia, as multinational companies flee from the two contending countries to seek more stable land sets as their new business centres in the region.

RHB Investment Bank estimated Gamuda Bhd's (KL:GAMUDA) core net profit could rise to between RM230 million and RM250 million for the third quarter ended April 30, 2025 (3QFY2025), the research house said in an earnings preview note.

The Malaysian REIT Managers Association (MRMA) warns that the proposed 8% sales and services tax (SST) on commercial rental and leasing services could result in a knock-on effect on end-consumers, leading to elevated cost pressures.

S P Setia Bhd has earned two prestigious awards, the Gold award for Sapphire by The Gardens in Melbourne, Australia for the Residential High Rise category, and the Silver award for Amantara, Setia Eco Templer for Residential Low Rise category at the FIABCI World Prix D’Excellence Awards 2025, which were presented at its award ceremony held at Lagos Oriental Hotel in Lagos, Nigeria on June 12, 2025.

Berjaya Land Bhd (KL:BJLAND) has signed a memorandum of understanding (MOU) with Impianan Utara Sdn Bhd to jointly explore and develop two economic projects in Perlis.

Chin Hin Group Bhd (KL:CHINHIN) has called off its planned acquisition of data centre-related firms after the target companies failed to secure an order book of at least RM380 million, a key condition for completion.

A government valuation property expert told the High Court on Tuesday that she disagreed with the calculation of ‘mesne profit’ by a private valuer appointed by voluntarily-liquidated company Semantan Estate (1952) Sdn Bhd.

In total, 12,498 residential units were launched in 1Q2025 across the nation, with 1,351 (10.8%) of units sold.

The expanded SST may raise tenants’ operating costs and limit REITs' rental reversion, said CIMB Securities.

They specifically highlighted the proposed 8% tax on commercial rental and leasing services, deeming its timing "gravely misguided".