News by M

The government is reviewing whether to renew the preferential withholding tax on dividends from real estate investment trusts (REITs), as the sector is now considered mature and commercially viable, said Finance Minister II Datuk Seri Amir Hamzah Azizan.

The Residential Tenancy Act (RTA) is in its final stage of drafting and is expected to be tabled this year, Housing and Local Government Minister Nga Kor Ming said.

Binastra Corporation Bhd’s (KL:BNASTRA) series of data centre-related job wins could pave the way for the group to expand further beyond residential property projects, analysts said.

IOI Properties Group Bhd (KL:IOIPG) may book a massive income gain from industrial land to be sold at a large premium, analysts said, sending its stock higher on Thursday.

All offenders convicted by the courts for littering offences will carry out Community Service Orders simultaneously on Feb 13, said Minister of Housing and Local Government Nga Kor Ming.

AME Real Estate Investment Trust (KL:AMEREIT) reported on Wednesday a 23% year-on-year increase in net property income (NPI) for the latest quarter, thanks to higher rental income from newly acquired properties and positive rental reversions.

Melaka is set to receive an investment of more than RM9 billion to develop the state’s first artificial intelligence (AI)-based data centre.

Malaysia has gained an additional 780 hectares following the re-measurement and re-demarcation of the outstanding boundary problem (OBP) areas at Sungai Sinapad and Sungai Sesai along the Malaysia-Indonesia border, said Prime Minister Datuk Seri Anwar Ibrahim.

The future of design will be done entirely on virtual twins as the products will be software-defined, said Nvidia co-founder and chief executive officer Jensen Huang.

Binastra Corp Bhd (KL:BNASTRA) has secured a RM503 million contract for the proposed development of a data centre in Jalan Sri Permaisuri, Kuala Lumpur.