News by theedgemalaysia.com

Plastic packaging company and property developer Scientex Bhd (KL:SCIENTX) saw its earnings grow by 9.1% in the recently-ended quarter from a year earlier thanks to improvement in both its property and packaging businesses.

Malaysia may see moderate property project delays and rising construction costs with protracted geopolitical tensions in the Middle East, developers cautioned.

The Real Estate and Housing Developers' Association (Rehda) said over two-thirds of prospective homebuyers in Malaysia fail to obtain financing for property purchases, mainly due to high debt obligations and inadequate income levels.

GDB Holdings Bhd (KL:GDB) said the developer of the 8 Conlay project is appealing a court decision ordering the company to pay GDB's unit RM102.8 million in unpaid amount for work carried out.

Malaysia’s construction sector will continue to ride on the ramp-up in private sector jobs, particularly data centre projects, in the coming years, said BIMB Securities.

The joint venture between Ann Joo Resources Bhd (KL:ANNJOO) and Transyear Sdn Bhd has secured a deal to sell a 60.1-acre industrial land in Gurun, Kedah, for RM117.81 million cash.

Widad Group Bhd (KL:WIDAD) said the group is appealing against the High Court’s dismissal of its application to set aside an adjudication decision relating to payments claims linked to the Langkasuka development in Langkawi.

Knusford Bhd (KL:KNUSFOR) is disposing of a 0.304-hectare freehold land in Setapak, Kuala Lumpur, for RM7 million cash in a related-party transaction.

AYER Holdings Bhd (KL:AYER) reported a revenue of RM171.1 million for the financial year ended Dec 31, 2025 (FY2025), a 59% increase from RM107.7 million recorded in FY2024, driven mainly by stronger contributions from its property development segment.

Malaysia has reached a milestone in sustainable digital infrastructure with the country’s first hyperscale data centre receiving provisional GreenRE Platinum certification for water, energy and sustainability design.