KIP REIT’s 1Q net profit surges 51%, eyes more acquisition
KIP Real Estate Investment Trust’s (KL:KIPREIT) net property income (NPI) surged 51% year-on-year for the first quarter ended Sept 30 (1QFY2026), driven by its newly acquired assets.
IJM lands another data centre contract at Elmina Business Park, this time worth RM874m
IJM Corp Bhd (KL:IJM) has bagged a RM873.9 million contract for the mechanical and electrical (M&E) fit-out works of a hyperscale data centre at the Elmina Business Park, Selangor.
CIDB and MBAM to roll out Construction Digital Maturity Index to assess projects
The Construction Industry Development Board (CIDB), in partnership with the Master Builders Association Malaysia (MBAM), has announced the introduction of the Construction Digital Maturity Index (CDMI), a new framework aimed at assessing a company’s level of digital integration in construction projects.
Oriental Interest’s 4Q net profit up 10% on better showing by property, construction segments
Oriental Interest Bhd (KL:OIB) reported a 10.43% increase in its fourth quarter net profit, mainly driven by better performance in its property development and general construction segments.
YTL Corp unit makes first hotel investment in New Zealand with RM388m deal
YTL Corporation Bhd’s (KL:YTL) subsidiary, YTL Hotels and Properties Sdn Bhd, made investments amounting to NZ$160 million (RM388 million) as it acquired the 225-room Hotel Indigo in Auckland, marking its first hotel investment in New Zealand.
UEM Sunrise appoints Shaharul Farez as CEO after eight months’ vacancy
Property developer UEM Sunrise Bhd has appointed Shaharul Farez Hassan as its new managing director and CEO, effective Nov 17.
Kitacon’s unit secures RM86.58m contract for residential development at The Mines Resort City
Construction group Kumpulan Kitacon Bhd has been awarded a contract worth RM86.58 million by Earth Pavilion Sdn Bhd to undertake the construction of residential units at The Mines Resort City in Selangor.
Sunway REIT to dispose of Sunway Hotel Seberang Jaya for RM60m
Sunway Real Estate Investment Trust (REIT), through its trustee RHB Trustees Bhd, has entered into a conditional sale and purchase agreement (SPA) with Sunway Medical Centre Penang Sdn Bhd for the disposal of the Sunway Hotel Seberang Jaya property in Penang for a total cash consideration of RM60 million.
NPC 2025: Real city transformation is not just AI adoption, but human-centricity
Malaysia may be on the fast track towards artificial intelligence (AI) adoption, but real transformation is not just about technology. Instead, city planning should still focus on people.
Khazanah has invested over RM6 bil in developing Medini Iskandar, Desaru Coast—MOF
Khazanah Nasional Bhd has invested over RM6 billion in the development of Medini Iskandar and Desaru Coast in Johor to date, according to the Ministry of Finance (MOF).
