News by Jazlin Zakri

Malaysia is rethinking how it attracts foreign investments after an influx of data centre projects exposed the limitations of rewarding companies based primarily on the size of their capital commitments.

IGB REIT’s (KL:IGBREIT) net property income (NPI) jumped 51% for the second quarter ended June 30, 2026 (2QFY2026), helped by a full-quarter contribution from The Mall, Mid Valley Southkey (MVS Mall).

Rivertree STF Synergies Bhd (KL:RSSB) expects to sign contracts for three more centralised labour quarters (CLQs) in the Klang Valley within the next six to nine months, following the award of its first project under a broader RM600 million collaboration.

Rivertree STF Synergies Bhd (KL:RSSB) has secured a RM168.14 million contract to build a 9,000-bed centralised labour quarters facility in Kapar, Klang.

The price tag of RM160 million for the proposed acquisition of Wisma Unirazak in the heart of Kuala Lumpur city centre is “fair” and “reasonable”.

Vestland Bhd (KL:VLB) said it has won a construction contract worth RM135 million under an industrial development project in Bukit Raja, Klang.

Tower Real Estate Investment Trust (KL:TWRREIT) announced on Thursday the appointment of Douglas Richard Fyvie Crichton as the new chief executive officer of the trust's management company, GLM REIT Management Sdn Bhd, with immediate effect.

Shares of Malton Bhd (KL:MALTON) surged in early trade on Wednesday after the property developer unveiled plans to collaborate with a US-based artificial intelligence (AI) cloud infrastructure company to develop AI compute centres in Malaysia.

GDB said its wholly owned subsidiary, Grand Dynamic Builders Sdn Bhd (GDBSB), was informed that a creditor of DCSB, Sharifuddin Abdul Wahab, had filed the application on June 16 under several provisions of the Companies Act 2016.

The total transactions were valued at an estimated RM10.61 million.