News by theedgemalaysia.com

More rolling stocks will be needed to achieve the target, and the government is currently discussing its options and plans.

The previously terminated high-speed rail (HSR) project linking Kuala Lumpur and Singapore can only proceed with full participation from the private sector and minimal government funding, Transport Minister Anthony Loke Siew Fook reiterated on Monday.

Mitrajaya Holdings Bhd (KL:MITRA) said it has secured a RM375.5 million contract for the construction of a data centre in Kuala Lumpur.

Berjaya Corp Bhd (KL:BJCORP) remains committed to participating in the Kuala Lumpur-Singapore high-speed rail (HSR) project. However, the project’s progression depends on the government's decision-making process and financial conditions, said the group's founder Tan Sri Vincent Tan Chee Yioun.

The long-awaited transformation of Johor into a key investment hub is “finally happening” after a couple of “false dawns”, says Jefferies.

Malaysian stocks tied to the data centre investment theme face further downside risks, JPMorgan warned and downgraded Sunway Construction Group Bhd (KL:SUNCON) and Gamuda Bhd (KL:GAMUDA).

Malaysian construction stocks fell further on Friday, as investors further cut their exposure to data centre plays, amid lingering fallout from intensifying US controls on advanced chip exports. 

Frozen seafood products exporter SBH Marine Holdings Bhd (KL:SBH) has acquired a 7.228-acre vacant industrial land in Penang for RM18.9 million, to build its new corporate office.

The potential implementation of export limitations by the US government on artificial intelligence (AI) chips is not expected to impact the operations of existing data centres in Malaysia, according to deputy minister of investment, trade and industry (Miti) Liew Chin Tong.

Sime Darby Property Bhd (KL:SIMEPROP) is joining hands with Singapore-based YCH Group, a supply chain solutions outfit, to develop logistics hubs in Malaysia, Vietnam and other Asean markets.