Ireka ropes in China-based firm for recapitalisation plan in bid to exit PN17 status
Under the term sheet, Rongyao will inject cash, strategic assets and lead financial restructuring with Ireka’s creditors.
Johor water disruption raises cost concerns for data centre operators
Lim said that while data centres are designed with high levels of redundancy, repeated water supply interruptions could prompt operators to boost storage capacity and contingency measures.
MOT to take action against MAHB over repeated KLIA aerotrain failures
The Ministry of Transport (MOT) said it will initiate action through the Land Public Transport Agency (APAD) against Malaysia Airports Holdings Bhd (MAHB) following a series of repeated technical failures involving the Kuala Lumpur International Airport (KLIA) aerotrain system.
Kampung Sg Baru redevelopment had no consent threshold at approval, says FT minister
Minister in the Prime Minister’s Department (Federal Territories) Datuk Seri Dr Zaliha Mustafa told Parliament there was no official consent threshold in place when the Kampung Sungai Baru redevelopment project was approved in 2020.
Govt says residents, not authorities, chose Kampung Sg Baru developer
The government on Thursday said it had no role in choosing the developer for the Kampung Sungai Baru redevelopment project—the decision was made entirely by the residents, Parliament was told.
Dewan Rakyat to be briefed on Thursday about Kampung Sungai Baru redevelopment
A special ministerial briefing on the redevelopment of Kampung Sungai Baru will be held in the Dewan Rakyat on Thursday, Oct 9.
Meridian bags RM40.5m contract for civil servants housing in Kedah
Property developer Meridian Bhd (KL:MERIDIAN), a Practice Note 17 company, has secured a RM40.5 million contract for a government-backed civil servants’ housing project in Kuala Muda, Kedah.
Sunway doubles down in Singapore with RM2.4b acquisition of MCL—analysts
Sunway Bhd’s (KL:SUNWAY) acquisition of Hongkong Land (MCL) Holdings Ltd [MCL] will more than double its total project value in Singapore to RM15.3 billion.
DXN says Burj Khalifa apartment purchase aimed at hosting top distributors under reward programme
DXN Holdings Bhd (KL:DXN) said its proposed acquisition of an apartment unit at the Burj Khalifa skyscraper in Dubai is part of the multi-level marketing company's sales motivation scheme aimed at rewarding top-performing distributors.
Econpile bags RM54m bored piling job for Penang LRT project
Econpile will undertake bored piling construction and associated works for the Komtar-East Jelutong stretch of the LRT line.
