News by theedgemalaysia.com

GuocoLand (Malaysia) Bhd (KL:GUOCO) slipped into its first quarterly net loss in four years despite a higher revenue, mainly due to a RM7.2 million inventory write-down for its PJ City project.

UDA Holdings Bhd, an agency under the Entrepreneur Development and Cooperatives Ministry, will absorb RM12.5 million in costs to help ease the burden on micro, small and medium enterprises (MSMEs) amid rising cost pressures from Middle East tensions.

Majestic Gen Bhd (KL:MAGEN) has achieved 100% take-up for its Gen Sphere freehold serviced apartment development in Johor since its launch in July 2025.

Coronade Properties Sdn Bhd has officially commenced Phase 2 of its Coronation Square integrated development in Johor with a groundbreaking ceremony for Coronation Square Mall, which is set to become the largest retail mall in the Johor Bahru city centre.

Pavilion Real Estate Investment (REIT) (KL:PAVREIT) launched the Pavilion Loves Sustainability initiative in conjunction with Sustainability Week 2026 on Wednesday (May 6), featuring several retailers at the EcoHub pop up in Pavilion Bukit Bintang and Pavilion Bukit Jalil.

Malaysia’s central bank kept the benchmark interest rate unchanged on Thursday as expected while keeping a close eye on the ongoing geopolitical conflict in the Middle East.

Mudajaya Group Bhd (KL:MUDAJYA) said a lawsuit it had initiated over properties it was promised as payments for construction work on a mixed-development project in Kuala Lumpur will go back to the High Court for a full trial.

Paramount Corporation Bhd (KL:PARAMON) said it has so far issued RM190 million under its RM500 million perpetual securities programme.

The potential sale of Marina One, a mixed-use development in Singapore owned by M+S Pte Ltd, is said to have attracted bidders including CapitaLand Group and Hongkong Land Holdings Ltd, international news wires Bloomberg reported.

Capital A Bhd is in talks with a major hotel chain to extend the AirAsia brand into the hospitality sector.