News by Choy Nyen Yiau

The Ministry of Housing and Local Government is reviewing the Housing Development (Control and Licensing) Act 1966 to impose stricter actions on blacklisted developers for abandoned housing projects, including possible travel bans for their directors.

Property developer I-Bhd (KL:IBHD) posted an over 81% jump in net profit for the third quarter ended Sept 30, 2025 (3QFY2025), driven by stronger contributions from its property development and investment segments, efficient cost management, and a one-off fund recovery following project completions.

Malaysia has identified 14 earthquake 'hotspots' nationwide, with developers now required to ensure that new buildings in those areas comply with seismic-resistant design standards, said acting Natural Resources and Environmental Sustainability Minister Datuk Seri Johari Abdul Ghani.

Bagan member of Parliament Lim Guan Eng has proposed the establishment of a special financial zone (SFZ) in Penang as a new economic catalyst to sustain growth in the state, amid escalating global trade tensions.

A total of 5,972 foreign nationals have obtained Malaysia My Second Home (MM2H) visas under the revamped programme as of Aug 31, 2025, Tourism, Arts and Culture Minister Tiong King Sing said.

Puchong Member of Parliament Yeo Bee Yin has called on the government to scale up solar and energy-saving upgrades in 10,500 government buildings to help Malaysia reach its net-zero carbon goal.

The aerotrain system at the Kuala Lumpur International Airport has reported 19 incidents since it resumed operations on July 1, according to the Transport Ministry.

Malaysia has yet to decide on the Kuala Lumpur–Singapore High Speed Rail (HSR) project, despite seeking concept proposals from private firms two years ago.

Trading in Ireka Corp Bhd (KL:IREKA) will be suspended from Oct 3, after the construction firm’s appeal for more time to submit its regularisation plan was dismissed by Bursa Securities.

The planned RM2.95 billion industrial park in Negeri Sembilan is set to begin development following the completion of the acquisition of 1,195 acres of land in Port Dickson, said SD Guthrie Bhd (KL:SDG) on Thursday.