News by M

The Federal Land Development Authority (Felda) and the Terengganu state government on Wednesday signed a settlement agreement to streamline the land ownership status of commercial plantations in six districts in the state.

Malaysia has stopped giving preferential rates for the withholding tax on dividends from real estate investment trusts (REITs) or property trust funds (PTFs), a government notice showed.

Binastra Corp Bhd (KL:BNASTRA) is in a favourable position to secure subsequent phases of its recent Subang Sentral contract win, potentially adding RM600 million to RM700 million to its order book due to its position as the main contractor, according to analysts.

Wentel Engineering Holdings Bhd (KL:WENTEL) has proposed to acquire two medium industrial semi-detached factory units in Johor for RM29.58 million in a related-party transaction.

Glomac Bhd's (KL:GLOMAC) net profit nearly tripled in its third financial quarter, on improved contribution from its property development business amid increased activities.

Crest Builder Holdings Bhd (KL:CRESBLD) has secured two construction contracts worth a combined RM513 million, lifting its outstanding order book to a record RM2 billion.

Paramount Corp Bhd (KL:PARAMON) is acquiring a 3.7-acre freehold commercial land parcel along Jalan Ampang from IOI Properties Group Bhd (KL:IOIPG) for RM257.9 million, which it plans to develop into two blocks of high-end serviced apartments with an estimated gross development value (GDV) of RM1.1 billion.

Binastra Corporation Bhd (KL:BNASTRA) has been appointed to complete construction of Subang Sentral for RM316 million and revive the long-stalled project in Subang Jaya.

Despite witnessing a marginal dip in overall property transaction volume in 2025 (3.5% y-o-y), many high-value deals continued to move the market. 

Selangor Information Technology & Digital Economy Corp (Sidec) has announced the establishment of Fitipower Malaysia Sdn Bhd (Fitipower Malaysia), marking another step in strengthening Selangor’s semiconductor ecosystem.