News by Luqman Amin

Malaysia has restricted new data centre investments that are not linked to artificial intelligence (AI), as concerns mount over the high water and electricity consumption associated with such facilities, Prime Minister Anwar Ibrahim told the Dewan Rakyat on Tuesday.

Construction services outfit GDB Holdings Bhd (KL:GDB) clarified on Monday that it has not issued, authorised or circulated any share investment scheme promising investors a 20% annual return.

Exsim Hospitality Bhd (KL:EXSIMHB) has proposed to diversify into construction works as well as centralised procurement of building materials and household appliances, a move that the company expects to contribute at least 25% of its net profit in the future.

Plantation company Matang Bhd (KL:MATANG) said on Friday its unit is expanding its durian plantation footprint through the acquisition of 10 adjacent parcels of agricultural land in Tangkak, Johor, for RM18.2 million in cash.

The Residential Tenancy Act (RTA) is in its final stage of drafting and is expected to be tabled this year, Housing and Local Government Minister Nga Kor Ming said.

AME Real Estate Investment Trust (KL:AMEREIT) reported on Wednesday a 23% year-on-year increase in net property income (NPI) for the latest quarter, thanks to higher rental income from newly acquired properties and positive rental reversions.

IJM Corp Bhd (KL:IJM) said the freezing of several of its bank accounts by the Malaysian Anti-Corruption Commission (MACC) has no impact on the group’s day-to-day business operations.

A government backbencher on Tuesday called on the government to speed up the tabling of the long awaiting Residential Tenancy Act (RTA), pointing to a growing reliance on renting among younger and urban households.

Public transport in Greater Kuala Lumpur is often “good enough” under normal conditions but even small disruptions can quickly undermine commuter confidence, according to a study by the Khazanah Research Institute (KRI).

Izwan Hasli will steer the next chapter of the Merdeka 118 precinct with a clear focus on 118 Mall, The View at 118 observation deck, the Merdeka Textile Museum and other upcoming components, PNB Merdeka Ventures said in a statement on Monday.