News by M

The five-year contract will commence on Jan 1, 2026, and run until Dec, 31, 2030. 

MGB Bhd (KL:MGB) has secured a RM118.5 million contract to build affordable apartments in Kuala Lumpur from UDA Accord Development Sdn Bhd.

Mulpha International Bhd (KL:MULPHA) has sold its entire 33% stake in the London Marriott Hotel for £33.8 million (RM190.3 million) to fund working capital requirements and venture into new investments.

IJM Corporation Bhd (KL:IJM) could win another data centre related job at Elmina Business Park following its latest contract announcement, analysts flagged.

Transport Minister Anthony Loke Siew Fook has reiterated that there will be no compromise in enforcing laws against overloaded lorries, despite appeals from industry groups for leniency due to higher operating costs.

The Ministry of Housing and Local Government is reviewing the Housing Development (Control and Licensing) Act 1966 to impose stricter actions on blacklisted developers for abandoned housing projects, including possible travel bans for their directors.

Just 10 days into the Transport Ministry’s crackdown on overloaded lorries, construction groups have warned that the move could delay project deliveries, disrupt budgets and slow key housing and infrastructure projects under the 13th Malaysia Plan (13MP).

Ho Hup Construction Co Bhd’s (KL:HOHUP) founding Low family has ceased to be a substantial shareholder in the company amid a boardroom tussle.

Sime Darby Property Bhd has awarded a RM1.26 billion contract to IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corporation Bhd, for the main building works of a hyperscale data centre at Elmina Business Park.

Mudajaya said that it had secured an order of specific performance for developer Crest Worldwide Resources Sdn Bhd to deliver vacant possession of the properties from the High Court under the civil suit on Oct 22.