News by Emir Zainul

Shopping mall operators said the proposed electricity tariff hike will put further financial pressures on them, who are still grappling with post-pandemic challenges, and ultimately lead to higher prices for consumers.

Sunway Bhd (KL:SUNWAY) has appointed its independent director Datuk Mohd Anuar Taib to an executive role as deputy president effective Jan 2, 2025.

YNH Property Bhd (KL:YNHPROP) executive chairman Datuk Dr Yu Kuan Chon has been redesignated as an executive director of the property developer. Kuan Chon, 62, is YNH Property’s largest shareholder controlling a direct and indirect shareholding of 32.58% as at Oct 7, 2024.

Al-Aqar Healthcare Real Estate Investment Trust's (Al-Aqar REIT) (KL:ALAQAR) net income fell 11% year-on-year to RM15.63 million in the third quarter ended Sep 30, 2024 (3QFY2024), following a drop in net rental income. 

KUALA LUMPUR (Nov 12): Seremban Engineering Bhd (KL:SEB) said it has been served with a counterclaim for RM24.94 million in a lawsuit related to a manufacturing plant projectin Bandar Enstek, Negeri Sembilan.

Malaysia should shift from merely hosting data centres to becoming a global leader in the design, manufacturing, and export of data centre infrastructure, said Minister of Economy Rafizi Ramli.

Following Bank Negara Malaysia's (BNM) decision on Wednesday to maintain the overnight policy rate (OPR) at 3%, which marks 18 months of rate pause, economists expect the central bank to leave the benchmark interest rate unchanged throughout 2025 as well.

The six-year dispute between Star Media Group Bhd (KL:STAR) and property developer JAKS Resources Bhd (KL:JAKS) over the development of a parcel of land in Section 13, Petaling Jaya, which started in 2018, has come to an end, with both parties inking an agreement to settle the issue.

Ireka Corp Bhd (KL:IREKA), a Practice Note 17 (PN17) construction company, said its external auditor has expressed a disclaimer of opinion on the company’s audited financial statements for the financial year ended June 30, 2024 (FY2024).

AME Elite Consortium Bhd (KL:AME) is working together with Kuala Lumpur Kepong Bhd (KL:KLK) in a joint venture (JV) to develop a new industrial park in Ijok, Selangor.