News by Luqman Amin

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.

Jasa Kita Bhd (KL:JASKITA) said it has entered into a deal with the spouse of its recently appointed executive chairman Datuk Yasmin Mahmood to acquire a 55% stake in a firm that owns a parcel of industrial land in Pahang.

Sunway Construction Group Bhd (KL:SUNCON) said on Friday it has secured another work order from an unnamed US-based multinational technology company, this time worth RM386 million.

Property developer and hospitality group Mulpha International Bhd (KL:MULPHA) announced on Thursday that its chief executive officer (CEO) Gregory David Shaw has retired.

Pharmaniaga Bhd (KL:PHARMA) has announced the acquisition of an industrial facility in Kota Kinabalu for RM26 million as part of its ongoing plan to strengthen its logistics and distribution capacity.

Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR) is expected to record a disposal loss from its planned divestment of non-performing property in Bukit Mertajam, Penang, for RM12 million—below both its market value and original investment cost.

Palm kernel expeller manufacturer Muar Ban Lee Group Bhd (KL:MBL) has acquired two parcels of industrial land together with existing buildings in Muar, Johor, for a total consideration of RM9.5 million, as part of its ongoing capacity expansion strategy.

Seremban-based developer Matrix Concepts Holdings Bhd (KL:MATRIX) reported marginally higher earnings for the second quarter as higher project contributions and lower operating expenses offset product mix effects.

The collaboration involves a 6,410-square-metre leasehold tract in Mukim Bandar Kuala Lumpur.