Ideal Capital's 2Q profit slips as cost accelerates; Ooi Kee Liang steps down as chairman
Property group Ideal Capital Bhd (KL:IDEAL) saw its net profit for the second quarter fall 14%, dragged down by a jump in cost of sales despite higher revenue.
Lawmakers ask to delay second reading of Urban Renewal Bill for further review
Lawmakers from both sides of the political divide want the Housing and Local Government Ministry to defer the second reading of the Urban Renewal Bill 2025 (URA Bill) and have it referred to relevant parliamentary special select committees for further scrutiny.
Urban Renewal Bill 2025 tabled in Parliament for first reading
The Urban Renewal Bill 2025, which seeks to lower the consent threshold for redevelopment projects, was tabled for its first reading in the Dewan Rakyat on Thursday.
Penang LRT budget capped at RM16b-17b, says Loke
Transport Minister Anthony Loke on Monday announced a budget ceiling of RM16 billion to RM17 billion for the Penang Light Rail Transit (LRT) project.
Housing Development Act to be amended to cover sick commercial projects
The government is in the midst of drafting amendments to the Housing Development (Control and Licensing) Act 1966 to expand its scope to cover problematic commercial projects.
Genting Malaysia’s loss-making Empire Resorts to sell non-gaming assets for RM2.2b to cut costs, clear debt
After taking full control of its struggling US unit Empire Resorts Inc, Genting Malaysia Bhd (KL:GENM) is launching a major restructuring with a RM2.2 billion asset sale, land purchase and full bond repayment to address earnings pressure.
Trans-Borneo Railway feasibility study to conclude by 3Q2026—Loke
The feasibility study for the high-speed rail network connecting Sabah, Sarawak, Brunei, and Kalimantan, Indonesia—dubbed the Trans-Borneo Railway project—is expected to be concluded by the third quarter of 2026, Transport Minister Anthony Loke Siew Fook said.
West Ipoh Span Expressway concession given two years ago hasn’t started because conditions are still unmet, says Ahmad Maslan
WISE is meant to reduce traffic at Menora Tunnel on the North-South Expressway.
SkyWorld unit buys RM83m land in Seberang Perai for modular housing factory
SkyWorld Development Bhd (KL:SKYWLD) said the group on Friday entered into a deal to acquire 26.4 acres of freehold land in Seberang Perai Tengah, Penang, for RM82.7 million.
Govt finalising talks to complete long-stalled MEX II project, says works minister
The government is in the midst of finalising discussions with the receivers and managers of MEX II Sdn Bhd to determine the best solution for completing the stalled Maju Expressway extension (MEX II) project, according to Works Minister Datuk Seri Alexander Nanta Linggi.
