News by BERNAMA

Lagenda Properties Bhd's (Lagenda) wholly owned subsidiary, Lagenda Capital Bhd has today made a lodgement with the Securities Commission Malaysia (SC) for the establishment of an Islamic medium term notes (sukuk wakalah) programme of RM1.5 billion on the shariah principle of wakalah bi al-istithmar (sukuk wakalah programme).

The East Coast Rail Link (ECRL) cargo service has the potential to replace about 79 lorries for every train trip, helping to ease road congestion and reduce the risk of accidents involving heavy vehicles.

The contribution would be driven by the development of 21 economic accelerator projects, which are expected to serve as the main drivers of economic returns along the ECRL corridor.

The most challenging work, including piling and underground utility relocation, has been completed, allowing the pace of construction to be accelerated.

He said the initiative would also create opportunities for Penang to drive innovation in related industries and further strengthen the state’s economic growth.

The government has approved 46 projects for the Pasir Puteh parliamentary constituency in Kelantan for 2026, with a total allocation ceiling of RM207.2 million.

Selangor is ready to break ground on the proposed third port terminal on Carey Island as early as September, subject to the Ministry of Transport's (MOT) approval of the port licence, as the state reviews potential operators for the terminal, Menteri Besar Datuk Seri Amirudin Shari said.

The Malaysian Anti-Corruption Commission (MACC) has launched an investigation into the alleged ownership and transfer of a luxury property overseas estimated to be worth US$13 million (RM59 million), believed to be linked to proceeds from the illegal misappropriation of funds from 1Malaysia Development Bhd (1MDB).

A total of 71,101 holiday homes were operating nationwide in 2025, generating an estimated RM2.2 billion in revenue, according to the Holiday Homes Statistics Bulletin: Economic Census 2026 published by the Department of Statistics Malaysia (DOSM).

Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi has proposed that a portion of the land currently managed by FGV Holdings Berhad (FGV) be returned to the Federal Land Development Authority (Felda).