News by M

The late Tun Daim Zainuddin’s widow has once again hauled Malaysian Anti-Corruption Commission (MACC) to court, this time challenging the latest seizure of Ilham Tower.

Causeway Link, which provides bus services between Johor Bahru and Singapore,  has confirmed that a number of its drivers had launched a strike, and said it is working to resolve the matter.

Majuperak Holdings Bhd (KL:MJPERAK) said its proposed disposal of two parcels of land and a building in Ipoh, known as Brewster Village, has been called off after the non-fulfilment of conditions precedent within the stipulated timeframe.

Pavilion Real Estate Investment Trust or Pavilion REIT (KL:PAVREIT) on Wednesday cautioned that its operating margins may come under pressure moving forward due to higher service taxes on commercial rentals, minimum wage hikes and subsidy rationalisation.

Noteworthy:

• Freehold
• Built-up size: 13,663  sq ft
• Land size: 28,000 sq ft
• 4 bathrooms
• Unfurnished
• Nearby amenities: Elmina Lakeside Mall, Hospital Al-Sultan Abdullah, Sungai Buloh Hospital, Taman Tasik Biru Kundang, HELP University
• Accessibility: North-South Expressway, Guthrie Corridor Expressway, LATAR, DASH Highway

When: May 2025

The Federal Court has deferred its decision on the judicial review challenging the Selangor state government’s action to remove Bukit Cherakah’s forest reserve status.

The new parking concession, dubbed the Smart Integrated Parking (SIP) scheme has raised legal, commercial and operational concerns due to the limited information disclosed so far

Income will likely come from land disposals and property development.

While SunCon maintains this is an isolated incident with no senior management involvement, reputational risks could temporarily advantage rivals like Gamuda Bhd (KL:GAMUDA) and IJM Corp Bhd (KL:IJM), according to CGS International.

“For the first half of this year we had a pretty good year."