News by Adam Aziz

BJSP was set up to develop the 76.14-acre Bukit Jalil Sentral project, valued at RM21 billion. MRCB said the buyout comes as it reviews the approved mixed development plan from November 2020.

Gamuda Bhd (KL:GAMUDA) said on Thursday it is partnering with Taylor's Education Group to redevelop a prime commercial site in SS15, Subang Jaya.

Eversendai Corp Bhd (KL:SENDAI), which is undertaking steel works for Saudi Arabia’s Trojena Ski Village, said construction activities will continue “without interruption” following reports that the 2029 Asian Winter Games may be reassigned to a different host country.

MUI Properties Bhd (KL:MUIPROP) has declared a special dividend of eight sen per share, amounting to RM59.27 million, following the disposal of its Negeri Sembilan land to Gamuda Bhd (KL:GAMUDA) by a subsidiary.

Subscribers of Malaysia's Green Electricity Tariff (GET) will be exempted from a 1.6% surcharge on their electricity bills meant for the Renewable Energy Fund, the Ministry of Energy Transition and Water Transformation (Petra) said.

The same applies for low-voltage users that were registered under the Net Energy Metering (NEM) 2.0 scheme of 2019-2020. 

The KTMB line, damaged by floods in 2006 and left idle since, presents a right-of-way that could allow ECRL to build a line parallel to KTMB’s — as done from Serendah to Jalan Kastam in Selangor, Darwis said.

“Upon arrival, they will undergo a failure-free testing on-site."

Eversendai Corp Bhd (KL:SENDAI) has won RM1.3 billion in new contracts for projects in the United Arab Emirates, India and Singapore, including a major renewable energy infrastructure job in Germany through a subcontract.

Axis Real Estate Investment Trust (Axis REIT) (KL:AXREIT) net income rose 16.2% to RM49.13 million in its first quarter ended March (1QFY2025) from RM42.27 million in 1QFY2024, as new acquisitions, tenancies and rental rates boosted its property income.