News by M

Lawmakers from both sides of the political divide want the Housing and Local Government Ministry to defer the second reading of the Urban Renewal Bill 2025 (URA Bill) and have it referred to relevant parliamentary special select committees for further scrutiny.

Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) said on Thursday that the approved higher ceiling price of RM16.8 billion for the LRT Mutiara Line project was due to cost inflation and increased scope of work, not cost overruns.

Ivory Properties Group Bhd (KL:IVORY) said its group chief executive officer Datuk Low Eng Hock is cooperating with the authorities in the ongoing MBI investigation.

Sime Darby Property Bhd reported a net profit of RM143.5 million for the second quarter ended June 30, 2025 (2QFY2025), supported by steady sales momentum and progress in ongoing projects.

The Urban Renewal Bill 2025, which seeks to lower the consent threshold for redevelopment projects, was tabled for its first reading in the Dewan Rakyat on Thursday.

Seremban-based property developer Matrix Concepts Holdings Bhd’s (KL:MATRIX) net profit rose 3.7% year-on-year in the first financial quarter from last year, boosted by stronger property sales and lower selling and marketing expenses.

Hextar Technologies Solutions Bhd has terminated its proposed disposal of four adjoining parcels of vacant freehold industrial land in Nilai Industrial Estate, Negeri Sembilan, to Widad Development (Nilai) Sdn Bhd for RM31 million. 

S P Setia Bhd has signed a partnership with Taiwan-based Ally Logistic Property Co Ltd (ALP) to develop a build-to-lease warehouse on a 42-acre plot at Setia Alaman, Klang.

Cahya Mata Sarawak Bhd (KL:CMSB) fell to a two-month low on Thursday, after the construction materials company reported a weaker-than-expected second quarter.

Sabah-based property developer KTI Landmark Bhd (KL:KTI) will build a RM107 million cultural complex on 58 acres of land in Kinarut, Sabah through a land swap with the state government.