News by Luqman Amin

Six major local and international banks have signed letters of intent (LOIs) with the Ministry of Economy to help bring in investments to the Johor-Singapore Special Economic Zone (JS-SEZ), with RM2.35 billion in investment interest already secured.

As Singapore reaches its physical limits for data centre expansion, Malaysia—particularly Johor—is emerging as a preferred destination for global digital infrastructure providers, said Equinix Malaysia managing director Cheam Tat Inn.

Nasdaq-listed digital infrastructure company Equinix Inc has completed the second phase of its KL1 International Business Exchange (IBX) data centre in Cyberjaya, Selangor.

Billionaire investor Tan Sri Chua Ma Yu’s family office is one of the first to benefit from Malaysia’s new 0% tax incentive for single-family offices (SFOs) set up in Forest City, part of the Johor-Singapore Special Economic Zone (SEZ).

Atrium Real Estate Investment Trust (KL:ATRIUM) reported a dip in net income for the first quarter ended March 31, 2025 (1QFY2025) to RM6.2 million due to lower interest income, and higher finance and administrative costs.

Property developer GuocoLand (Malaysia) Bhd (KL:GUOCO), the property arm of Hong Leong Group, is undertaking a comprehensive review of its land bank to maximise its land use value.

It had issued a formal letter to notify Fong of the extension, and would announce any further developments as necessary. 

Shares of Eco World Development Group Bhd (KL:ECOWLD) rose on Monday, after a planned industrial park worth nearly RM3 billion took another step forward.

Companies from China, Denmark, and Australia are among the early potential investors showing interest to set up shop in the Johor-Singapore Special Economic Zone (JS-SEZ).

Bina Puri Holdings Bhd (KL:BPURI) announced on Wednesday the retirement of its founder director Dr Tan Cheng Kiat, and deputy executive chairman Tan Sri Tee Hock Seng, from its board.