News by Luqman Amin

Plenitude Bhd (KL:PLENITU) has named Ng Yoon Thai as its new chief executive officer to lead the real estate firm that is involved in development, investment and hospitality.

PTT Synergy Group Bhd (KL:PTT) is aiming to double its existing capacity as the construction firm expands its logistic business with a new purpose-built warehouse in Elmina Business Park.

Property developer NCT Alliance Bhd (KL:NCT) has appointed Ong Chou Wen as its first chief executive officer.

Citaglobal Bhd (KL:CITAGLB) has secured a RM150 million contract from Malaysia’s Public Works Department (JKR) to design and build military family housing at a key naval base in Sabah.

Malaysia has stopped giving preferential rates for the withholding tax on dividends from real estate investment trusts (REITs) or property trust funds (PTFs), a government notice showed.

Under the arrangement, the banks have been appointed as joint lead coordinators to oversee the currency risk management framework linked to the ECRL’s loan obligations. 

As of February 2026, the project has achieved about 93% overall completion. 

The optimistic outlook comes even as some observers caution that the tourism campaign may face headwinds from rising geopolitical tensions, particularly in the Middle East.

IJM Corp Bhd's (KL:IJM) plans to list parts of its assets, including construction and toll road business, could provide shareholders with an alternative pathway to unlock value, analysts said, at a time when the group is weighing a takeover offer from rival Sunway Bhd (KL:SUNWAY).

Malaysia may see moderate property project delays and rising construction costs with protracted geopolitical tensions in the Middle East, developers cautioned.