News by M

SkyGate Solutions Bhd, formerly known as Ewein Bhd, announced that its subsidiary, SkyGate Integration Sdn Bhd has entered into a conditional sale and purchase agreement (SPA) with Ambu Sdn Bhd for the disposal of its factory building in Bayan Lepas, Penang, for RM39.8 million.

UEM Sunrise Bhd has marked the topping-out of Phase 2 of its KAIA Heights development, a low-density residential project located in Taman Equine, Seri Kembangan, Selangor.

The sukuk wakalah will have a perpetual tenure, unless cancelled, while the ICP programme will have a seven-year tenure.

Shaiful succeeds Syahrunizam Samsudin, who resigned at the end of August to take the helm of independent power producer Malakoff Corp Bhd. 

Developed at a cost of RM3 million, Suria Park was designed by HODA Design and draws inspiration from the sun as a symbol of vitality and renewal.

The government is targeting 50 high-impact projects in the JS-SEZ within the next five years and 100 projects over the next 10 years, while creating at least 20,000 high-skilled job opportunities over the next decade.

The association praised the Ministry of Finance and the Royal Malaysian Customs Department for recent clarifications, citing Service Tax Policy No 3/2025 (Amendment No 1) and Service Tax Policy No 7/2025 as evidence of policy responsiveness.

Ultra Green, which owns the land, will be entitled to 17% of the estimated RM600 million GDV for Phases 1A and 1B, with the remainder allocated to Business Park Development.

The 6% SST on certain construction materials and construction services from July this year may lead to higher home prices, lower margins and a potential market slowdown. 

The tender process for the package is currently in the final stage of technical and financial evaluation.