Crest Builder bags RM299.4 mil Desa ParkCity commercial development job
Crest Builder Holdings Bhd (KL:CRESBLD) has secured a RM299.4 million contract for the construction of a new commercial development in Desa ParkCity, Kuala Lumpur.
MAHB holds aerotrain contractors accountable after repeated service disruptions
Malaysia Airports Holdings Bhd (MAHB) said it is holding its contractors—Alstom and the IJM-Pestech Joint Venture (IPJV)—accountable, following a series of service disruptions involving the newly commissioned aerotrain system at Kuala Lumpur International Airport (KLIA) Terminal 1.
HLIB cuts Pavilion REIT to ‘hold’ as price surpasses target amid lower yield outlook
Hong Leong Investment Bank (HLIB) has downgraded Pavilion Real Estate Investment Trust (KL:PAVREIT) to ‘hold’ given the recent share price rally amid a lower yield outlook.
No change to construction sector SST revenue threshold of RM1.5m, says Ahmad Maslan
The government will maintain the annual revenue threshold for the expanded sales and services tax (SST) on construction services at RM1.5 million, despite industry calls to raise it to RM3 million.
CapitaLand Malaysia Trust raises RM250 mil from placement of new units
CapitaLand Malaysia Trust (KL:CLMT) said on Wednesday it has raised about RM250 million from a private sale of new units.
Shopping mall operators renew call to address rising cost concerns and SST expansion in Budget 2026
The Malaysia Shopping Malls Association (PPK Malaysia), which represents shopping mall operators nationwide, has renewed its call to the government to address escalating operational costs and the expansion of the sales and service tax (SST) in the upcoming Budget 2026.
REITs see sentiment boost from OPR cut, but valuations already reflected move—analysts
Bank Negara Malaysia's (BNM) overnight policy rate cut may improve sector sentiment, but its impact on real estate investment trusts (REITs) is expected to be limited, with only modest borrowing cost reductions, as market valuations have largely priced in the move.
Gamuda hits six-month high after RE contract win in Tasmania, analysts reiterate 'buy'
Gamuda Bhd (KL:GAMUDA) climbed to its highest in nearly six months on Tuesday after the group announced it had secured a renewable energy (RE) project in Tasmania, Australia. Its share price rose 18 sen or 3.76% to RM4.97, valuing the company at RM28.68 billion.
Prasarana names new chairman and acting group CEO
Prasarana group chief operating officer Amir Hamdan will take over as acting president and group CEO from July 15, 2025.
Gamuda to see strong 3Q earnings on better progress of projects—RHB
RHB Investment Bank estimated Gamuda Bhd's (KL:GAMUDA) core net profit could rise to between RM230 million and RM250 million for the third quarter ended April 30, 2025 (3QFY2025), the research house said in an earnings preview note.
