Malaysia's central bank has kept the overnight policy rate (OPR) unchanged at 3%, as expected, while flagging rising downside risks to economic growth.

Kerjaya Prospek Group Bhd has won a RM162-million contract to carry out building works for a high-rise serviced apartment project in Johor.

Infraharta Holdings Bhd’s wholly-owned subsidiary, Infraharta Sdn Bhd (ISB), has secured a RM17.42 million sub-contract to carry out piling and earthwork for a hospital project in Kuantan, Pahang.

Sunway Property and Majestic Gen recently broke ground on a new RM4 billion mixed-use development in Yahya Awal, Johor Bahru.

Supreme Consolidated Resources Bhd (SCRB), through its wholly-owned subsidiary Supreme Cold Storage Sdn Bhd, has proposed to acquire a parcel of land with a factory and office building in Kuching, Sarawak for RM5.6 million.

The Malaysian Institute of Property and Facility Managers (MIPFM) has submitted a formal appeal to the Ministry of Finance (MOF) and the Royal Malaysian Customs Department to reconsider and exempt maintenance fees and sinking fund contributions for stratified commercial properties from sales and service tax (SST), over a year after its implementation.

Pavilion Real Estate Investment Trust (KL:PAVREIT) has received its unitholders’ approval to acquire two hospitality assets, namely Banyan Tree Kuala Lumpur (BTKL) and Pavilion Hotel Kuala Lumpur (PHKL), for RM480 million.

Kumpulan Jetson Bhd (KL:JETSON) announced on Wednesday that its shareholders’ requisition dated April 23, 2025 to convene an extraordinary general meeting (EGM) will be put on hold, pending the outcome of a legal suit filed by three minority shareholders challenging the validity of the notice.

As Singapore reaches its physical limits for data centre expansion, Malaysia—particularly Johor—is emerging as a preferred destination for global digital infrastructure providers, said Equinix Malaysia managing director Cheam Tat Inn.

Nasdaq-listed digital infrastructure company Equinix Inc has completed the second phase of its KL1 International Business Exchange (IBX) data centre in Cyberjaya, Selangor.