News by Myia S Nair

Property developer UOA Development Bhd (KL:UOADEV) reported a 48.79% increase in net profit for the first quarter ended March 31, 2025 (1QFY2025), supported by the progressive revenue recognition from its ongoing development projects.

The government has added another 100 megawatts (MW) to the rooftop solar quota under the Net Energy Metering (NEM) Rakyat programme, two days after the existing 600MW quota was fully dished out.

Newly listed West River Bhd (KL:WESTRVR) is currently bidding for a data centre-related project in Johor, and is also keen to have a foothold in hotel development.

Sentoria Group Bhd (KL:SNTORIA) is at risk of a trading suspension after failing to submit its 2024 annual report by the April 30, 2025 deadline. 

UDA Holdings Bhd has appointed real estate veteran Johari Shukri Jamil as its new president and chief executive officer effective immediately.

Vizione Holdings Bhd (KL:VIZIONE) said on Wednesday that a RM750 million construction contract awarded by a related party has been terminated, effective immediately. 

Continental will shutter its tyre plant in Alor Setar, Kedah, by the end of 2025, ending 46 years of operations. The plant has 950 employees.

Kuala Lumpur Tower will reopen on Saturday, April 26, under new management, with ticket prices rising for international visitors and dropping by nearly 30% for locals at the Sky Deck.

Maybank Investment Bank, CGS International and AmInvestment Bank will jointly underwrite the entire retail portion of Paradigm Real Estate Investment Trust’s (REIT) initial public offering, covering up to 254.66 million units as it prepares to list on the Main Market.

Castaldi joined Sunway in 2017 as general manager of The Banjaran Hotsprings Retreat.