News by M

Rapid Bus Sdn Bhd (Rapid Bus) will launch four new zones for its Rapid KL On-Demand service starting Monday, targeting high-traffic areas in the federal capital and key educational corridors as a strategic move to enhance urban mobility.

Gamuda Bhd (KL:GAMUDA) recorded a 4.68% year-on-year increase in its third-quarter net profit, driven by robust performance within its domestic construction division, where earnings about tripled, offsetting a drop in the group's property earnings.

A total of 101 engagement sessions have been held to date in the drafting of the Urban Renewal Act (PSB), making it one of the most comprehensive legislative processes, with the highest number of stakeholder engagements in the nation’s history, said Housing and Local Government (KPKT) Minister Nga Kor Ming.

Property firm Crescendo Corp Bhd (KL:CRESNDO) flagged higher operating costs from the minimum wage adjustments, subsidy rationalisation for fuel and electricity, as well as the expanded scope of the sales and service tax (SST), after posting a steep 97.5% year-on-year decline in its first-quarter net profit.

Yong Tai Bhd (KL:YONGTAI) is acquiring Sabah-based property developer Sumberjaya Builders Sdn Bhd for RM15 million, as it aims to tap into development opportunities in Lahad Datu and Tawau.

Eco World Development Group Bhd (KL:ECOWLD) said it is well on track to exceed its RM3.5 billion sales target for the financial year ending Oct 31, 2025 (FY2025), after posting record-high earnings in its latest quarterly result.

I-Bhd (KL:IBHD) has committed RM10 million for intelligent infrastructure pilots across i-City, signalling a deeper push into smart city development as the group continues its strategic shift towards a tech-enabled urban platform.

Mulpha International Bhd (KL:MULPHA) will get A$339.3 million (RM933.7 million) from its 15.2% stake in Australian retirement operator Aveo Group, which it had to sell under a tag-along arrangement.

Mah Sing Group Bhd (KL:MAHSING) has officially launched M Legasi, Mah Sing’s largest freehold township in the Klang Valley.

TRX City Sdn Bhd, the master developer of the 70-acre Tun Razak Exchange (TRX), held a groundbreaking ceremony on Thursday to mark the construction of a new office tower in TRX.