News by M

Gamuda Bhd shares fell to an 11-month low on Monday (March 9), dropping 6.3% to RM3.89 in early trade after the group reported weaker-than-expected first-half earnings on March 6.

On Feb 26, 2026, the Deputy Minister of Housing and Local Government, Datuk Aiman Athirah Sabu, reportedly stated in the Dewan Rakyat that local councils in Peninsular Malaysia “have no authority to take action against abandoned vehicles within strata-titled properties — unless the Joint Management Body (JMB) or Management Corporation (MC) formally requests it”.

A feasibility study on proposed amendments to the Federal Capital Act 1960 to allow local government elections (LGOs) in the capital, including the election of the Mayor of Kuala Lumpur, is expected to be completed by the end of this month.

InvestKL will undergo a transition under the Malaysian Investment Development Authority (Mida) as part of the government’s broader effort to streamline investment promotion functions, strengthen inter-agency coordination, and enhance the overall investor experience.

Suria KLCC is marking Hari Raya Aidilfitri with a heritage-themed campaign featuring traditional crafts, cultural performances and a festive installation, with the mall’s Centre Court transformed into a bougainvillea garden display.

Asian Pac Holdings Bhd’s grand preview of Dwi Aurora at the Surya PJ township over the weekend drew strong interest from prospective buyers, offering an early look at the developer’s concept within the master planned development.

Mah Sing Group Bhd’s M Aspira serviced residence project in Taman Desa is nearly 85% sold, as the developer hosted a Chinese New Year open house at the project’s sales gallery on Saturday (March 7).

2025 was the best year for Johor in terms of foreign direct investments (FDIs), bolstered by the successful launch of the Johor-Singapore Special Economic Zone (JS-SEZ), said Finance Minister II Datuk Seri Amir Hamzah Azizan.

Bina Puri Holdings Bhd (KL:BPURI), which has at least six winding-up petitions against its subsidiaries, has landed a RM42.5 million contract to undertake construction works for a project in the Limbang district of Sarawak.

Gamuda Bhd (KL:GAMUDA) fell on Monday as weaker-than-expected results at the largest Malaysian construction firm by revenue failed to assuage investors during broader market selldown.