News by M

KLCCP Stapled Group (KL:KLCC) said its second quarter net profit rose 4.9% to RM200.45 million from RM191.06 million a year earlier, supported by higher contributions from the retail and hotel segments.

IJM Corp Bhd (KL:IJM) posted a 10.04% increase in its first-quarter net profit, underpinned by stronger contributions from its construction and industry divisions.

The Malaysian Bar has urged the government to defer the second reading of the Urban Renewal Bill 2025 (URA Bill), joining a growing chorus of critics warning that the proposed law could undermine homeowners’ rights and displace vulnerable communities.

Property developer Lagenda Properties Bhd (KL:LAGENDA) logged record quarterly property sales of RM413.4 million in the second quarter, but net profit dropped 6.5% due to lower revenue and higher administrative expenses.

Paramount Corp Bhd (KL:PARAMON) is accelerating its land replenishment drive with plans to secure land with gross development value (GDV) potential of up to RM6 billion by year end, as the property developer seeks to sustain its pipeline while keeping to its core markets in the Klang Valley, Penang and Kedah

PNB Merdeka Ventures Sdn Bhd (PMVSB), a subsidiary of Permodalan Nasional Bhd (PNB), today presented its Grade A office offerings within Merdeka 118, the tallest tower in Southeast Asia. 

IGB Bhd reported a net profit of RM75.33 million for the second quarter ended June 30, 2025 (2QFY2025), a 0.2% rise from RM75.18 million a year earlier.

The Malaysian Institute of Architects (PAM) has voiced support for the government’s initiative to introduce a structured and sustainable Urban Renewal Bill, while urging key improvements to ensure that public interest is fully safeguarded.

The debate session on the Urban Renewal Bill 2025 (URA Bill) has been pushed back by a day, as Housing and Local Government Minister Nga Kor Ming confirmed it will not be withdrawn amid continued criticism.

Al-Aqar Healthcare Real Estate Investment Trust (Al-Aqar REIT) (KL:ALAQAR), which owns and manages hospitals, wellness and health centres and health colleges, has reported a 2.5% year-on-year fall in its second-quarter net income.