News by izzul Ikram

The government expects construction material prices and supply to remain stable after fuel prices moderated following tempered tensions in West Asia.

Radium Development Bhd (KL:RADIUM) managing director and major shareholder Gan Kah Siong’s brother, Tan Sri Gan Yu Chai, has emerged as a substantial shareholder of the property developer.

Data centres are expected to consume one-third of Malaysia’s electricity supply by 2035 and the government is taking steps to ensure stable and reliable power.

Some 32,800 completed homes worth RM16.37 billion remained unsold in the first quarter of 2026 (1Q2026), with nearly half priced below RM300,000, said Deputy Housing and Local Government Minister Datuk Aiman Athirah Sabu, citing National Property Information Centre data.

Contractors appointed for the LRT Shah Alam Line, or otherwise known as LRT3, are liable for RM2.729 million in liquidated damages for every day the project is delayed, Deputy Transport Minister Datuk Hasbi Habibollah told the Dewan Rakyat.

IOI Properties Group Bhd (KL:IOIPG) will rejoin the FBM KLCI as a constituent after being expelled more than a decade ago.

Sentoria Group Bhd (KL:SNTORIA) is at risk of being delisted on June 16, after the developer failed to submit its regularisation plan by June 3.

IJM Corporation Bhd (KL:IJM) is selling a hypermarket building in Sandakan, Sabah, to its tenant, supermarket operator Econsave, for RM47.5 million.

Varia Bhd (KL:VARIA) has proposed to jointly develop a mixed development project in Putrajaya with United Malayan Land Bhd (UMLand) and Canada-based King George Financial Corp (KGFC).

Batu Kawan Bhd (KL:BKAWAN), through its wholly-owned subsidiary Whitmore Holdings Sdn Bhd, has agreed to acquire a combined 47.7% stake in MKH Bhd (KL:MKH) for RM549.8 million, or RM2 a share, from the Chen family.