News by theedgemalaysia.com

IOI Properties Group Bhd (KL:IOIPG) marked a construction milestone with the topping out of COVO on Sept 19, which is its first transit-oriented development in the 16 Sierra township in Puchong South.

Kuchai Development Bhd (KL:KUCHAI) has proposed a special dividend of 44.8 sen per share to be followed by the company's voluntary withdrawal from Bursa Malaysia.

IGB Real Estate Investment Trust (REIT) (KL:IGBREIT) has proposed to set up a RM5 billion medium-term notes (MTN) programme.

Chin Hin Group Property Bhd (KL:CHGP) is disposing of two freehold industrial plots in Johor Bahru for RM19.3 million cash to Miroad Rubber Industries Sdn Bhd.

The contract covers the installation and rental of AI-powered CCTV cameras, panic buttons and smart traffic lights, as well as the establishment of the Batu Pahat Smart Integrated Operations Centre.

The proposed facility with a storage capacity of two million pallet positions is aimed at accelerating the group’s expansion into logistics automation. 

The facility under construction will serve as GXO’s regional logistics hub, supporting supply chain operations for its customers across Southeast Asia.

Unsuitable locations and a mismatch between property prices and local income levels are the main factors driving the high proportion of unsold affordable homes in Malaysia.

Property developer Meridian Bhd (KL:MERIDIAN), a Practice Note 17 company, has secured a RM40.5 million contract for a government-backed civil servants’ housing project in Kuala Muda, Kedah.

Malaysia is stepping up its push to develop artificial intelligence-enabled (AI) cities, positioning technology as a driver of productivity, efficiency and sustainability. At the Smart City Expo KL, Malaysia Digital Economy Corporation (MDEC) CEO Anuar Fariz Fadzil said the agency is working closely with city councils to embed AI-enabled digital tools into urban systems.