News by Syafiqah Salim

Economists expect Bank Negara Malaysia (BNM) to keep the benchmark interest rate at 2.75%, as resilient domestic demand and easing global trade tensions reduce the likelihood of further cuts this year and in 2026.

Lagenda Properties Bhd (KL:LAGENDA) has ceased to be a substantial shareholder of Northern Solar Holdings Bhd (KL:NORTHERN), less than seven months after the solar energy firm listed on the ACE Market.

AME Elite Consortium Bhd (KL:AME) reported on Thursday that its net profit more than doubled for the first financial quarter, lifted mainly by stronger contributions from its property development and construction segments.

IJM Corp Bhd (KL:IJM) posted a 10.04% increase in its first-quarter net profit, underpinned by stronger contributions from its construction and industry divisions.

Net profit for the quarter jumped more than fivefold to RM21.75 million from RM4.16 million a year earlier. 

Sime Darby Property Bhd (KL:SIMEPROP) said the Real Estate and Housing Developers' Association (Rehda) is still in talks with authorities on the expansion of the sales and service tax that raised costs for developers.

Censof Holdings Bhd (KL:CENSOF) has secured a RM12.4 million contract from the Ministry of Housing and Local Government to develop a one-stop centre licensing system for local authorities.

Berjaya Assets Bhd (KL:BJASSET), the developer of Times Square, said on Wednesday it narrowed net loss for the fourth quarter with accounting gains and revenue growth.

Telecommunications services provider Silver Ridge Holdings Bhd’s (KL:SRIDGE) plan to build six data centres in Cyberjaya has collapsed after its joint venture partner, Selangor Industrial Corporation Sdn Bhd (SIC), a Perbadanan Kemajuan Negeri Selangor (PKNS) unit, withdrew from the deal.

Star Media Group Bhd (KL:STAR) slipped into the red with a net loss of RM231,000 for the second quarter ended June 30, 2025 (2QFY2025), against a net profit of RM7.49 million a year earlier.