News by Priyatharisiny Vasu

Three non-governmental organisations (NGOs) have lambasted Gamuda Bhd’s claim that the Penang South Island (PSI) project was approved after rigorous environmental impact assessment (EIA) process and public’s overwhelming support.

In a filing to Bursa Malaysia on Wednesday (May 17), the REIT said the proceeds raised will be used to partially fund its RM2.2 billion acquisition of Pavilion Bukit Jalil (PBJ Mall) from Malton Bhd.

Sentral REIT's net property income for the first quarter ended March 31, 2023 (1QFY2023) declined 4.03% to RM29.3 million, from RM30.5 million a year earlier.

Jentayu Sustainables said it is now able to engage in discussions with other international players in the hydropower industry.

Data centre arm of TIME dotCom Bhd, AIMS Group will construct AIMS Cyberjaya Block 2 to meet the overwhelming demand for data centre space in Malaysia.

Genting Malaysia Bhd via its wholly owned subsidiary GenM Capital Bhd has issued medium-term notes (MTNs) of RM500 million across three tranches.

DCSB claimed for costs and expenses incurred for the delayed completion of the project. The claims included loss of profits, reputation, and general damages for breach of contract.

Advancecon Holdings Bhd’s unit has been appointed as a subcontractor for the construction and completion of subgrade earthwork of section five of the East Coast Rail Link (ECRL) project for RM11.54 million.

Property developer OCR Group Bhd has maintained that there is no operational impact on the group arising from the lawsuit filed by a former contractor over alleged payment default of RM30.93 million in relation to projects in Kuantan and Petaling Jaya.

KIP Real Estate Investment Trust's (REIT) net property income for the third quarter ended March 31, 2023 (3QFY2023) grew 13.3% to RM16.4 million, up from RM14.5 million a year earlier, on higher revenue.