Ecobuilt unit served with winding-up petition over unpaid debt
Ecobuilt Holdings Bhd (KL:ECOHLDS) said on Wednesday that a major subsidiary has been served with a winding-up petition over an alleged debt amounting to RM447,886.46.
Economists split on further OPR cuts in 2025 as BNM turns dovish
Economists were divided on whether Bank Negara Malaysia’s (BNM) first rate cut since July 2020 marks the start of a rate cut cycle, with most expecting no further cuts this year despite an expected slowdown in growth.
Bina Puri faces two winding-up petitions from IRB over alleged tax debt
Bina Puri Holdings Bhd (KL:BPURI) said on Tuesday that two of its wholly-owned subsidiaries have been served with winding-up petitions by the government, via the Inland Revenue Board, for failing to settle outstanding tax liabilities.
SkyWorld acquires Penang land to kickstart RM13 bil affordable housing project
SkyWorld Development Bhd (KL:SKYWLD) is acquiring a 25.9-acre parcel of land in Batu Kawan, Penang, for RM48.51 million as part of a previously announced joint development to build affordable housing units in the state.
LFE Corp secures contracts worth RM71m for Oasis Ara, Cyberjaya development
The first contract, worth RM30.49 million, was for alteration, underpinning, and structural strengthening works at the proposed Oasis Ara development in Ara Damansara.
Radium cancels joint development of KL land involved in legal dispute
At the time, the land, measuring 40,467 sq m and located in Mukim Petaling, had an estimated value of RM70 million.
Port Klang Free Zone unveils 10-year masterplan with infrastructure improvement, new services
The Port Klang Free Zone (PKFZ) has unveiled the highlights of its PKFZ 2.0 Masterplan, a roadmap aimed at transforming the free zone into a next-generation logistics and industrial ecosystem, integrating sustainability, technology and investor-oriented services to enhance Malaysia’s standing in regional trade and supply chains.
Pavilion REIT's 1Q net property income climbs 5% on stronger rental contribution
Pavilion Real Estate Investment Trust (Pavilion REIT) (KL:PAVREIT) reported a 5% rise in net property income (NPI) to RM142.75 million for the first quarter ended March 31, 2025 (1QFY2025)—from RM136.02 million a year earlier—driven by higher rental income from Pavilion Bukit Jalil and Elite Pavilion Mall.
BNM keeps overnight policy rate steady, flags rising downside risks to growth
Malaysia's central bank has kept the overnight policy rate (OPR) unchanged at 3%, as expected, while flagging rising downside risks to economic growth.
Property managers seek SST exemption on commercial property maintenance fees, sinking funds
The Malaysian Institute of Property and Facility Managers (MIPFM) has submitted a formal appeal to the Ministry of Finance (MOF) and the Royal Malaysian Customs Department to reconsider and exempt maintenance fees and sinking fund contributions for stratified commercial properties from sales and service tax (SST), over a year after its implementation.
