News by theedgemalaysia.com

Marriott Executive Apartments has opened its largest property in the Asia-Pacific outside China, offering 353 serviced units in the heart of Kuala Lumpur near the KLCC Park.

Property developer I-Bhd (KL:IBHD) more than doubled its net profit in the second quarter ended June 30, 2025 (2QFY2025), driven by stronger contributions across all business segments, namely leisure and hospitality, property development, and property investment.

US-based chipmaker AMD has expanded its operations in Malaysia by opening a new office and engineering lab in Bayan Lepas, Penang, on Thursday.

JLand Group (JLG), the real estate and infrastructure arm of Johor Corporation (JCorp), has signed a three-year collaboration with China’s ZGC International Holding Ltd to position Johor as a regional hub for innovation and high-tech investment.

IJM Land, the property division of IJM Corporation Bhd (KL:IJM), has commenced the handover of commercial units at IKON @ Centrio in Seremban 2. The handover will be carried out in phases.

Magma Group Bhd (KL:MAGMA), whose shares have risen over 77% year-to-date, has completed its RM379.81 million capital reduction exercise.

The feasibility study for the high-speed rail network connecting Sabah, Sarawak, Brunei, and Kalimantan, Indonesia—dubbed the Trans-Borneo Railway project—is expected to be concluded by the third quarter of 2026, Transport Minister Anthony Loke Siew Fook said.

The Federal Court has fixed Aug 29 to hear Semantan Estate (1952) Sdn Bhd’s stay application on the Court of Appeal’s decision in June that had ordered for the case to be sent back to the High Court for valuation of compensation of the 1956 “trespass” acquisition of the prime land in Kuala Lumpur.

MGB Bhd (KL:MGB) said it clinched an RM185.99 million contract on Tuesday to develop serviced apartments in Iskandar Puteri, Johor.

The RM69.04 million project, known as Kampung Tersusun Generasi Kedua Felcra Seberang Perak, was awarded to Caely-M in 2013 and completed on Oct 3, 2022.