News by Syafiqah Salim

More rolling stocks will be needed to achieve the target, and the government is currently discussing its options and plans.

The previously terminated high-speed rail (HSR) project linking Kuala Lumpur and Singapore can only proceed with full participation from the private sector and minimal government funding, Transport Minister Anthony Loke Siew Fook reiterated on Monday.

Malaysian construction stocks fell further on Friday, as investors further cut their exposure to data centre plays, amid lingering fallout from intensifying US controls on advanced chip exports. 

Data-centre proxy stocks on Bursa Malaysia have fallen sharply since the beginning of the year, due to US export restrictions on artificial intelligence (AI) chips, but analysts caution against buying the dip too soon.

Sarena assumed the role of executive deputy chair of Sunway Group on Jan 2 this year.

AME Real Estate Investment Trust (KL:AMEREIT), a 49.62%-owned unit of AME Elite Consortium Bhd (KL:AME), is planning to establish a sukuk wakalah programme with a value of up to RM1 billion.

OSK Property Holdings Bhd, the property arm of OSK Holdings Bhd (KL:OSK), is expanding its land bank with the acquisition of four parcels of freehold land measuring 26.33 hectares in Sungai Petani, Kedah, for RM14.17 million.

Iskandar Investment Bhd (IIB) reaffirmed its commitment to collaborating with stakeholders, including government agencies and international partners, to ensure the success of the Johor-Singapore Special Economic Zone (JS-SEZ).

The Johor-Singapore Special Economic Zone (JS-SEZ) holds significant potential to boost employment in Johor, but economists stressed the need for clarity on tax incentives and the development of necessary infrastructure as crucial factors for the zone's attractiveness to investors.

The project is slated to be completed within 20 months, starting from the commencement date on Feb 3.