NPE2 set to move into construction phase as IJM Construction bags RM1.4b design and build job
With this latest contract, IJM Construction's outstanding order book now amounts to about RM15.
With this latest contract, IJM Construction's outstanding order book now amounts to about RM15.
The latest job would be the company’s fifth data centre-related contracts, bringing the total value in the segment to RM1.
The recapitalisation also includes a proposed asset injection involving selected property-related assets valued at up to RM50 million, to be acquired by Ireka at a "mutually agreed discounted valuation based on an independent assessment".
The scheduled hearing of the petition filed by Wisma Majujaya Sdn Bhd has been deferred to Jan 20, 2026, after Bina Puri filed a last-minute stay of proceedings, citing the group’s scheme of arrangement.
IJM said the contract was awarded by Pearl Computing Malaysia Sdn Bhd, a subsidiary of Raiden APAC Pte Ltd, to its wholly-owned unit IJM Construction Sdn Bhd.
The tool will serve as a benchmarking system for contractors to evaluate the level of digital integration within their operations.
Net profit increased to RM39.
Shaiful succeeds Syahrunizam Samsudin, who resigned at the end of August to take the helm of independent power producer Malakoff Corp Bhd.
Effective July 1, 2025, the measures include a one-year exemption for non-reviewable contracts, separation of taxable service and non-taxable material components in mixed contracts, and exemption for residential portions in mixed developments.
The improved earnings were attributed to accelerated progress billing for the KL 48 project, as well as lower administration expenses and finance costs.