Gamuda Bhd’s wholly-owned indirect subsidiary Gamuda DC Infrastructure Sdn Bhd (Gamuda DCI) is selling approximately 389 acres of industrial land in Port Dickson, Negeri Sembilan to Pearl Computing Malaysia for RM455.23 million.

Penang’s Light Rail Transit (LRT) Mutiara Line remained on track and on schedule, said its asset owner and project developer MRT Corp.

Gamuda Bhd (KL:GAMUDA) reported a 4.8% year-on-year increase in net profit for the second fiscal quarter thanks to domestic construction projects, particularly the Penang land reclamation works.

To ensure full transparency in the renewal of urban strata developments, the tender process will be jointly overseen by the Housing and Local Government Ministry (KPKT) together with the respective joint management bodies (JMBs) or management committees (MCs), said KPKT Minister Nga Kor Ming.

Construction stocks in Malaysia have room to improve from currently unjustified valuations, amid booming data centres and upcoming public projects, analysts said.

The Perak government has expressed its hope that the Kerian Integrated Green Industrial Park (KIGIP) development can be completed within the stipulated time frame by the end of 2028.

The Clove, which is introduced under Gamuda Land's new Park Homes housing typology that was unveiled last year, features cluster-of-eight homes arranged around a private gated garden.

The final cost of the Penang Light Rail Transit (LRT) project has yet to be determined, as it depends on the ongoing procurement process and tender results for civil works and turnkey systems, said Transport Minister Anthony Loke Siew Fook.

Data centre jobs in Malaysia appear intact despite the US’ attempt to curb exports of advanced chips thanks to strong demand for digital infrastructure, said IJM Corporation Bhd (KL:IJM).

Gamuda Land, in collaboration with Meaningfull Life, is launching Malaysia’s first integrated eldercare facility within its twentyfive7 township, setting a new benchmark for multi-generational community living.