News by Luqman Amin

Datuk Seri Maimunah Mohd Sharif’s tenure as Kuala Lumpur mayor will end on Friday (Nov 14), ahead of the original plan of August 2026, as she assumes a new role at Petroliam Nasional Bhd (Petronas).

Property developer Eco World Development Group Bhd (KL:ECOWLD) has launched a RM1.878 billion unrated medium-term note (MTN) programme to partly finance the development and land acquisition for its build-to-lease data centre project in Selangor.

Digital and outsourcing solutions provider Privasia Technology Bhd (KL:PRIVA) said on Wednesday that it will independently lead the development of a planned data centre project in Bagan Datuk, Perak.

Datuk Seri Chiau Beng Teik has ceased to be a substantial shareholder of LTKM Bhd (KL:LTKM) after trimming his stake in the egg producer to below 5%, a bourse filing on Friday showed.

Sentral REIT (KL:SENTRAL), which owns a portfolio of prime office and commercial buildings in Klang Valley and Penang, saw its third-quarter net property income (NPI) slip, no thanks to higher operating expenses, including one-off equipment repairs and replacement costs across several properties.

Construction and property development group Kerjaya Prospek Group Bhd (KL:KERJAYA) said it has secured an RM87.66 million contract to undertake building works for a commercial development project in Shah Alam.

Under the term sheet, Rongyao will inject cash, strategic assets and lead financial restructuring with Ireka’s creditors.

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.

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.

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.