News by theedgemalaysia.com

The government's proposal to introduce regulations aimed at enforcing sustainability-linked standards for the domestic data centre market will see some of the data centres becoming non-compliant with the requirement, carrying implications for domestic competitive dynamics, according to Fitch Solutions company BMI.

Eastern & Oriental Bhd (KL:E&O) has launched its latest luxury apartment development named The Lume on its 760-acre Andaman Island master plan development in Penang on Thursday, according to a press statement.

Real estate developer I-Bhd (KL:IBHD) said on Thursday its net profit tripled in the second quarter from a year earlier, thanks to a turnaround of its leisure business and higher property investment income.

German semiconductor giant Infineon Technologies AG will invest an additional €5 billion (RM30.1 billion) in constructing the world’s largest 200-millimetre silicon carbide power fabrication plant in Kedah.

Analysts continue to be positive about Sentral REIT (KL: SENTRAL), noting its appealing yield compared to the sector average.

Businessman Tan Sri Robert Tan Hua Choon has ceased to be a substantial shareholder of Paragon Globe Bhd after disposing of half his stake in the Johor-based developer.

Tesla Inc has scrapped plans to set up factories in Malaysia, Thailand, and Indonesia, and the US electric car maker will focus solely on charging stations, Thai online news portal The Nation reported on Wednesday.

The Attorney General's Chambers (AGC) said it will appeal the High Court decision ordering the government to transfer 263.27 acres of land known as the "Duta enclave" to Semantan Estate (1952) Sdn Bhd.

Greater Kuala Lumpur’s residential market experienced an upward trend in 2Q2024, recording higher average transacted prices than the pre-pandemic year in 2019.

Sentral Real Estate Investment Trust (KL:SENTRAL), or Sentral REIT, posted a 30% increase in its net property income for the first six months (1HFY2024) to RM76.06 million, from RM58.49 million a year ago, underpinned by stronger contribution from its newly added property Menara CelcomDigi, as well as existing key properties, namely Building 4 and Platinum Sentral.