News by M

Matrix Concepts Holdings Bhd (KL:MATRIX) said on Thursday its net profit was down 24% in the third fiscal quarter from a year earlier on lower revenue and higher indirect expenses.

UEM Sunrise Bhd (KL:UEMS) said on Thursday it will jointly develop some of its land in Iskandar Puteri, Johor, with Singapore-listed GuocoLand Ltd.

Glomac Bhd (KL:GLOMAC), via its wholly owned subsidiary Kelana Kuality Sdn Bhd, has handed over vacant possession of Seri Kenanga, a Rumah Selangorku affordable housing project at Saujana Perdana in Bandar Saujana Utama, Selangor.

The International Construction Week (ICW) and the Malaysia International Building and Construction Industry Exhibition (BuildXpo) 2025 will take place from Oct 28 to 30 at the Malaysia International Trade and Exhibition Centre, Kuala Lumpur.

The Urban Renewal Act (URA) is set to be presented in Parliament next month. Among its contentious proposals is an 80% consent threshold for properties of 30 years old and a 75% threshold for properties over 30 years old. This means that a property could be compulsorily redeveloped even if 20% or 25% of owners oppose it.

The study on implementing a congestion charge in the city centre is expected to be completed by the end of this year and will be submitted to the Cabinet Committee on Road Safety and Traffic Congestion, said Minister in the Prime Minister’s Department (Federal Territories) Dr Zaliha Mustafa.

IOI Properties Group Bhd registered a revenue of RM1.42 billion for the first half of financial year 2025 (6M FY2025), which ended on Dec 31, 2024.

REHDA Malaysia is “heartened” by the positive growth as revealed by the National Property Information Centre (NAPIC) in its Property Market Report 2024.

Citaglobal Bhd’s (KL:CITAGLB) net profit jumped five times to RM6.73 million in its fourth quarter ended Dec 31, 2024 (4QFY2024) from RM1.22 million, driven by strong contributions from the civil engineering & construction (CEC), property and manufacturing segments.

The Light Rail Transit 3 (LRT3), which connects Bandar Utama, Petaling Jaya to Johan Setia, Klang, is scheduled to begin operations on September 30 this year, said Transport Minister Anthony Loke.