News by theedgemalaysia.com

Glomac Bhd (KL:GLOMAC) plans to raise up to RM3 billion through a sukuk wakalah programme to finance land acquisition, refinance debts and fund capital expenditure.

SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, said it is partnering with TH Properties Sdn Bhd to develop Malaysia’s first halal-certified managed industrial park in Negeri Sembilan.

The Housing and Local Government Ministry (KPKT) said it is planning the setting up of escrow accounts for housing projects, in order to ensure payments by homebuyers are used exclusively for housing projects that they have bought.

With data centres (DCs) straining national power grids elsewhere, prompting Big Tech to explore alternative power sources to reduce emissions, Malaysia may still rely on conventional power for DCs at home, said experts.

Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a RM247.95 million contract from Sime Darby Property Bhd (KL:SIMEPROP) to construct two blocks of service apartments with a gross development value (GDV) of RM597.2 million in USJ 7, Subang Jaya, Selangor.

Magma Group Bhd (KL:MAGMA) said Impiana Selo Tioman Resorts Sdn Bhd, a 75%-owned unit of the hospitality group, is being sued by two individuals over an alleged breach of a sale and purchase agreement relating to five parcels of land in Tioman, Pahang. 

The offer price represents a premium of 11% to SMI’s closing price of 40.5 sen on Monday.

IJM rose as much as 20 sen or over 6% to RM3.40, its highest since Aug 2, 2024.

The design approach for Discovery City prioritises the harmonious integration with Johor's natural surroundings.

"This is especially important considering the significant multiplier effect on more than 140 industries, which will positively impact the overall economy."