News by theedgemalaysia.com

Datuk Seri Maimunah Mohd Sharif’s tenure as Kuala Lumpur mayor will end on Friday (Nov 14), ahead of the original plan of August 2026, as she assumes a new role at Petroliam Nasional Bhd (Petronas).

Property developer Eco World Development Group Bhd (KL:ECOWLD) has launched a RM1.878 billion unrated medium-term note (MTN) programme to partly finance the development and land acquisition for its build-to-lease data centre project in Selangor.

Property developer Bedi Bhd (KL:BEDI), formerly known as WMG Holdings Bhd, entered into a deal on Thursday to sell a hypermarket property in Sandakan, Sabah to retailer and wholesaler Mydin for RM85 million. Mydin is the property’s current lessee.

UEM Sunrise Bhd’s (KL:UEMS) collaborative company, Mega Legacy (M) Sdn Bhd, has signed a memorandum of understanding (MOU) with Kuala Lumpur City Hall (DBKL) to implement Phase 2 of the lake rehabilitation programme at Kepong Metropolitan Park, Kuala Lumpur.

Semantan Estate (1952) Sdn Bhd may consider filing for a review of Thursday’s Federal Court decision, which rejected its appeal for the physical recovery of the ‘Duta Enclave’ land and the transfer of the registration of the title to the company.

Semantan Estate (1952) Sdn Bhd has lost its appeal over the Court of Appeal decision on June 24, upholding a ruling that prevents its registration of the prime "Duta Enclave" land currently owned by the government and the physical handover of the land to the company.

YNH Property Bhd (KL:YNH) said the deadline for its proposed disposal of a five-acre freehold land in Desa Sri Hartamas to Sunway Bhd (KL:SUNWAY) for RM170 million has been further extended  to mid-June 2026.

Digital and outsourcing solutions provider Privasia Technology Bhd (KL:PRIVA) said on Wednesday that it will independently lead the development of a planned data centre project in Bagan Datuk, Perak.

Kerjaya Prospek Group Bhd (KL:KERJAYA) has secured a RM56.4 million construction contract from the Penang Chief Minister’s Department.

Malaysia’s construction sector recorded 10.6% growth, with the value of work done reaching RM45.4 billion in the third quarter of 2025, according to the Department of Statistics Malaysia's (DOSM) latest data.