News by Luqman Amin

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.

The Lumut Maritime Industrial City (LuMIC) is expected to draw RM72 billion investments over 25 years, and infrastructure works are set to begin in 2026, with the first phase of the project targeted to start as early as 2030.

Genting Bhd (KL:GENTING) has agreed to pay a fine of US$10.5 million (RM46.41 million) to the Nevada Gaming Commission as part of a settlement for a complaint against its Las Vegas resort.

Malaysia’s headline inflation slowed in February 2025 as food prices stabilised while housing and utilities costs moderated, according to official data released on Friday.

TSR Capital Bhd (KL:TSRCAP), a construction and property developer, has been awarded a RM219 million contract by Kwasa Land Sdn Bhd for infrastructure and water reservoir construction at the Kwasa Damansara township in Sungai Buloh, Selangor.