News by M

The Ministry of Transport (MOT) has defended the use of a single-source Request for Proposal (RFP) mechanism for the procurement of the RM7.93 billion Package 1 contract of the Penang Mutiara Line LRT project, citing legal continuity and technical considerations.

Explore living in Penang, Malaysia’s cultural gem. From seafront condos to heritage homes, discover neighbourhoods, connectivity and properies options across the island.

Kerjaya Prospek Group Bhd (KL:KERJAYA) remains unfazed by a tougher construction environment and rising building material costs following the Middle East conflict, saying it is well-positioned to navigate the volatility due to its experience and disciplined pricing strategy.

The High Court still wants the federal government and the liquidator of Semantan Estate (1952) Sdn Bhd to explore the possibility of mediation before the court delivers its decision on mesne profit (trespass compensation) to the company following the occupation of the now prime "Duta enclave" land it had deemed to have trespassed on since it was acquired in December 1956.

Property developer Setia Awan has entered into a memorandum of understanding with a group of retail and lifestyle partners for its upcoming commercial development, Avenue F, in Bukit Ampang Permai, according to a statement on May 21.

The former Glenmarie Hotel & Golf Resort has rebranded as the Hilton Shah Alam Glenmarie, having officially reopened under new management on March 1, 2026.

Premium supermarket chain Village Grocer has expanded its retail footprint to the Johor Bahru City Centre with the official opening of its new store on the lower ground floor of SKS City Mall JBCC.

The Malaysian Anti-Corruption Commission (MACC) said an investigation related to Sunway Bhd’s (KL:SUNWAY) bid to take over IJM Corp Bhd (KL:IJM) is ongoing, according to Bernama.

Kerjaya Prospek Group Bhd (KL:KERJAYA) reported a 24% rise in first-quarter net profit from a year earlier as higher property sales offset lower construction billings.

MKH Bhd (KL:MKH) surged to a nine-year high and crossed the billion-ringgit valuation mark after Batu Kawan Bhd (KL:BKAWAN) unveiled a RM2-per-share takeover offer for the property and plantation group.