The build and lease agreement was signed between the company’s wholly owned subsidiary, Projek Tetap Teguh Sdn Bhd and a multinational corporation semiconductor maker based in Penang.
For 1QFY2025, the REIT declared a distribution of 1.52 sen per unit, slightly lower than the 1.55 sen per unit declared a year ago.
Shares of Malaysian construction companies slipped on Monday, as the government refrained from announcing new mega infrastructure projects in Budget 2025.
While the newly announced Budget 2025 is not a “property budget”, property consultants applaud the introduction of tax relief for housing loan interest payments up to RM7,000, which is expected to encourage first-time homeownership.
The Master Builders Association Malaysia (MBAM) has voiced concerns about supply chain and pricing trends for key construction materials as well as a potential rise in building costs in 2025, following the government's announcement of carbon tax and the removal of certain subsidies in Budget 2025 presented on Friday.
Exsim Hospitality Bhd (KL:EXSIMHB), previously known as Pan Malaysia Holdings Bhd, said on Friday that its wholly owned subsidiary Exsim Concepto Sdn Bhd has won a sub-contract work package for RM60 million.
The government will extend the current net energy metering (NEM) 3.0 programme till June 30, 2025 to continue incentivising rooftop solar installation, announced Prime Minister Datuk Seri Anwar Ibrahim in his Budget speech.
Johor-Singapore Special Economic Zone (JS-SEZ) will cover an area governed by six local authorities in Iskandar Malaysia and Pengerang, according to the Ministry of Finance.
Varia Bhd (KL:VARIA) has secured a contract worth RM571.8 million from the Social Security Organisation (Socso) to build a rehabilitation centre in Setiu, Terengganu.
AME Real Estate Investment Trust's (KL:AMEREIT) proposed acquisition of four single-storey detached factories in Johor for RM119.45 million has been deemed fair and reasonable, according to independent adviser MainStreet Adviser Sdn Bhd.
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