IGB Real Estate Investment Trust (KL:IGBREIT) and IGB Commercial REIT (KL:IGBCR) logged higher net property income (NPI) for the second quarter on the back of higher rental income.

Peninsular Malaysia’s electricity tariffs will see a fuel rebate of 1.45 sen/kWh in August, Parliament heard, while Tenaga Nasional Bhd (KL:TENAGA) also projected bigger rebates in September-November due to lower-than-projected fuel costs.

IJM Land Bhd and Amona Group have signed memoranda of understanding (MOUs) with 16 tenants for Enlace Shoppes on July 25. Enlace Shoppes is the retail component within Enlace, a 18.18-acre mixed-use development in Pantai Sentral Park, Kuala Lumpur.

Property developer Titijaya Land Bhd (KL:TITIJYA) said a fire broke out on Tuesday at a condominium in Kota Kinabalu, Sabah, owned by its subsidiary Laksana Wawasan Sdn Bhd.

Noteworthy:

• Freehold
• Built-up size: 2,540 sq ft
• 1 bathroom
• Unfurnished
• Nearby amenities: Suria KLCC, Pavilion Kuala Lumpur, KLCC park, Gleneagles Hospital Kuala Lumpur, Yes International College
• Accessibility: Akleh Expressway, DUKE, MEX, Jalan Tun Razak, Jalan Ampang

When: April 2025

Shares of Ekovest Bhd (KL:EKOVEST) and Knusford Bhd (KL:KNUSFOR) slid on Tuesday after their proposed merger fell through following the third extended deadline.

He said the matter had not crossed the stage where the matter needs to be heard before the Federal Court.

Under the agreement with FEC, JLand will explore mixed-use developments, including purpose-built student accommodation, in major Australian cities.

The project comprises two 46-storey towers and one 33-storey tower, with the first launch offering 862 units with selling prices starting from RM560,000.

“The company wishes to announce that the heads of the merger agreement has lapsed on July 27, 2025 [Sunday],”