Gamuda shares climb to two-week high on positive outlook despite 3Q earnings miss
Core net profit nine months into the financial year ending July 31, 2025, accounts for a little under two-thirds of the consensus’ full-year estimates.
Putra Heights blaze: Weak soil beneath gas pipeline the root cause, no criminal element found
While the pipeline met technical specifications, a segment of it was not fully supported by the ground beneath, which was found to be soft and moist.
Malaysia’s data centre project pipeline unaffected by alleged Nvidia chip breach, says MIDF
The pipeline of data centre projects in Malaysia is unlikely to be impacted by recent reports alleging that Chinese firms are using servers equipped with Nvidia chips to train artificial intelligence (AI) models, said MIDF Research.
Six business groups urge govt to delay SST expansion, warn of inflation and job losses
They specifically highlighted the proposed 8% tax on commercial rental and leasing services, deeming its timing "gravely misguided".
Country Heights to sell South Africa-based unit for RM600,000
Cash-strapped property developer Country Heights Holdings Bhd (KL:CHHB) plans to dispose of a firm that owns a property in South Africa for RM600,000 in cash.
Bertam Alliance to exit PN17 after seven years
Property developer Bertam Alliance Bhd (KL:BERTAM) is set to exit Bursa Malaysia's Practice Note 17 (PN17) category for financially distressed companies on Thursday (June 12), after being in the status for seven years.
Builders urge govt to delay and review expansion of SST on construction services
The Master Builders Association Malaysia (MBAM) has urged the government to reconsider the impending revision and expansion of the sales and service tax (SST) on construction services, citing concerns that the move will strain the industry’s cash flow.
Ho Hup defaults on RM45.3 mil loan from AmBank Islamic
Ho Hup Construction Co Bhd (KL:HOHUP), which slipped into Practice Note 17 (PN17) status earlier in April, has defaulted on revolving credit facilities from AmBank Islamic Bhd amounting to RM45.3 million.
MACC seeks to forfeit billion-ringgit Ilham Tower owned by late Daim’s family—report
The Malaysian Anti-Corruption Commission (MACC) will apply to forfeit the 60-storey Ilham Tower, worth about a billion ringgit, owned by the late Tun Daim Zainuddin’s family, a report says.
Na'imah to challenge Ilham Tower seizure in court, her lawyers say, accusing MACC of harassment
Toh Puan Na'imah Khalid, widow of the late former finance minister Tun Daim Zainuddin, will immediately challenge the Malaysian Anti-Corruption Commission’s (MACC) second seizure of Ilham Tower in court, said her lawyers.
