News by theedgemalaysia.com

The tender process for the package is currently in the final stage of technical and financial evaluation.

Che Abdul Khalid is set to succeed YM Raja Shahreen Raja Othman, whose fixed-term contract is set to expire at the end of this month. 

The plan, first proposed in September 2023, is part of a wider reorganisation of Lim’s stable of companies and entails IWCity's acquisition of IWH’s units via the issuance of IWCity shares.

The five-year contract will commence on Jan 1, 2026, and run until Dec, 31, 2030. 

MGB Bhd (KL:MGB) has secured a RM118.5 million contract to build affordable apartments in Kuala Lumpur from UDA Accord Development Sdn Bhd.

Mulpha International Bhd (KL:MULPHA) has sold its entire 33% stake in the London Marriott Hotel for £33.8 million (RM190.3 million) to fund working capital requirements and venture into new investments.

IJM Corporation Bhd (KL:IJM) could win another data centre related job at Elmina Business Park following its latest contract announcement, analysts flagged.

Transport Minister Anthony Loke Siew Fook has reiterated that there will be no compromise in enforcing laws against overloaded lorries, despite appeals from industry groups for leniency due to higher operating costs.

The Ministry of Housing and Local Government is reviewing the Housing Development (Control and Licensing) Act 1966 to impose stricter actions on blacklisted developers for abandoned housing projects, including possible travel bans for their directors.

Just 10 days into the Transport Ministry’s crackdown on overloaded lorries, construction groups have warned that the move could delay project deliveries, disrupt budgets and slow key housing and infrastructure projects under the 13th Malaysia Plan (13MP).