News by theedgemalaysia.com

A government property valuation expert continued to testify on Thursday on how her valuation methods differed from the private valuer’s, over the long-standing "Duta enclave" land dispute.

Bank Islam Malaysia Bhd (KL:BIMB) has obtained a summary judgement against Ivory Properties Group Bhd (KL:IVORY) in a suit involving unpaid financing facilities.

IHG Hotels & Resorts will open its first voco hotel in Malaysia, voco Kuching, next year.

Works Minister Datuk Seri Alexander Nanta Linggi said the expansion of the sales and service tax (SST) will have a limited impact on house prices.

The construction sector is expected to see its earnings growth remaining on an upward trajectory in the second quarter, while the order book environment is set to further improve heading into the second half of 2025, with the gradual roll-out of major public infrastructure projects.

The pipeline of data centre projects in Malaysia is unlikely to be impacted by recent reports alleging that Chinese firms are using servers equipped with Nvidia chips to train artificial intelligence (AI) models, said MIDF Research.

Guocoland (Malaysia) Bhd (KL:GUOCO) said the group faces a net financial impact of RM5.54 million following an arbitration ruling against its wholly owned subsidiary over a disputed project termination.

RHB Investment Bank estimated Gamuda Bhd's (KL:GAMUDA) core net profit could rise to between RM230 million and RM250 million for the third quarter ended April 30, 2025 (3QFY2025), the research house said in an earnings preview note.

The Malaysian REIT Managers Association (MRMA) warns that the proposed 8% sales and services tax (SST) on commercial rental and leasing services could result in a knock-on effect on end-consumers, leading to elevated cost pressures.

Berjaya Land Bhd (KL:BJLAND) has signed a memorandum of understanding (MOU) with Impianan Utara Sdn Bhd to jointly explore and develop two economic projects in Perlis.