News by M

Malaysia’s central bank kept the benchmark interest rate unchanged on Thursday as expected while keeping a close eye on the ongoing geopolitical conflict in the Middle East.

UEM Sunrise Bhd has appointed Leong Jee Van as chief property development officer (CPDO), effective May 18, as the developer strengthens execution across its core property development operations and strategic growth corridors.

Berjaya Corp Bhd has disposed of shares in two of its listed subsidiaries — Berjaya Property Bhd and Sports Toto Bhd — to its founder and major shareholder Tan Sri Vincent Tan Chee Yioun (TSVT) via direct business transactions, raising a combined RM18.76 million for working capital.

EWI Capital Bhd's investee fund has completed the acquisition of its first asset — a prime Melbourne office tower — marking a significant milestone in the Malaysian developer-turned-investment-holding company's strategic pivot towards recurring income-generating real estate.

The Madani government's proposal to establish an Ombudsman through a new Ombudsman Act has been welcomed broadly as an administrative reform. 

Imperio Group has opened The Tenz Emporium in Alor Setar, with Cold Storage — operated by GCH Retail (Malaysia) Sdn Bhd — as its anchor tenant and the premium grocer's first outlet in Kedah, signalling growing retailer interest in secondary cities beyond the Klang Valley and Penang.

Mudajaya Group Bhd (KL:MUDAJYA) said a lawsuit it had initiated over properties it was promised as payments for construction work on a mixed-development project in Kuala Lumpur will go back to the High Court for a full trial.

Paramount Corporation Bhd (KL:PARAMON) said it has so far issued RM190 million under its RM500 million perpetual securities programme.

EdgeProp has collaborated with PropNex Malaysia, one of the nation's fastest-growing real estate agency networks, to produce the Malaysia Property Market Overview 1Q2026

118 Mall is on track to open this August, introducing a new retail and lifestyle destination at the base of Merdeka 118, the world’s second tallest building.