News by theedgemalaysia.com

Exsim Development Sdn Bhd and the Malaysian Basketball Association (Maba) officially commenced construction for their joint venture project named Maba Suitez at the former Wisma Maba site along Jalan Hang Jebat in Kuala Lumpur on Sunday.

Johor launched on Saturday the 3,200-acre Maharani Freeport in Muar as a three-island deep-water free zone, designed to serve regional oil and gas activities along the Strait of Malacca.

Kerjaya Prospek Group Bhd (KL:KERJAYA) said it is in discussions with the property arm of Retirement Fund Inc (KWAP) for a proposed industrial park development in Batu Kawan, Penang.

Property developer Eastern & Oriental Bhd (KL:E&O) said on Friday it would consider divesting its final UK asset, the 54-unit Lincoln Suites at Princes House near Covent Garden, at the right price.

A three-member Court of Appeal bench ruled on Tuesday (Nov 25) that a pool, clubhouse, and two other land plots for a Tenaga Nasional Bhd (KL:TENAGA) substation and a proposed commercial building are the “common property” of a condominium complex in Langkawi, Kedah.

Tuju Setia Bhd (KL:TJSETIA) has secured a RM54 million contract to construct a five-storey factory in Klang, Selangor.

Integrated industrial space solutions provider AME Elite Consortium Bhd (KL:AME) reported a record net profit of RM143.76 million for its second financial quarter ended Sept 30, 2025 (2QFY2026), up a whopping 541.4% from RM22.41 million a year earlier, lifted by the completion of a major land sale to a data centre and steady organic growth in its industrial park developments.

Johor-based property developer KSL Holdings Bhd (KL:KSL) reported a flat third-quarter net profit as higher cost of sales, administrative expenses and finance costs offset revenue growth.

MUI Properties Bhd (KL:MUIPROP) is acquiring eight parcels of freehold land in Ijok, Selangor, for RM605 million to rebuild its development pipeline following its recent land sale in Negeri Sembilan.

FIABCI-Malaysia has pledged full support for the federal government’s Urban Renewal Bill 2025 while urging the authorities to provide clear regulations, implementation guidelines and approved timelines to ensure effective execution.