News by theedgemalaysia.com

The property market is poised to strengthen in 2025 due to the potential of increased affordability, amid the proposed Madani Deposit initiative and related proposals in Budget 2025, said BIMB Securities.

The launch of the Amazon Web Services (AWS) Asia Pacific (Malaysia) Region will allow local businesses to store and process their data within the country, said AWS Malaysia country manager Pete Murray in an interview with Digital Edge.

Eupe Corp Bhd (KL:EUPE) said on Thursday a piece of recently acquired land in Bangsar, Kuala Lumpur could yield a gross development value (GDV) of RM300 million

The High Court here has allowed a discovery application by the Federal Land Development Authority (Felda) and Felda Investment Corporation Sdn Bhd (FIC) to obtain two classified documents in their suit against Synergy Promenade Sdn Bhd regarding vacant possession of the Jalan Semarak land.

Integrated infrastructure developer YTL Corp Bhd's (KL:YTL) net profit for its fourth financial quarter ended June 30, 2024 (4QFY2024) slipped 2.5% to RM534.48 million from RM548.03 million a year earlier on lower revenue.

Glomac Bhd (KL:GLOMAC) plans to raise up to RM3 billion through a sukuk wakalah programme to finance land acquisition, refinance debts and fund capital expenditure.

SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, said it is partnering with TH Properties Sdn Bhd to develop Malaysia’s first halal-certified managed industrial park in Negeri Sembilan.

The Housing and Local Government Ministry (KPKT) said it is planning the setting up of escrow accounts for housing projects, in order to ensure payments by homebuyers are used exclusively for housing projects that they have bought.

With data centres (DCs) straining national power grids elsewhere, prompting Big Tech to explore alternative power sources to reduce emissions, Malaysia may still rely on conventional power for DCs at home, said experts.

Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a RM247.95 million contract from Sime Darby Property Bhd (KL:SIMEPROP) to construct two blocks of service apartments with a gross development value (GDV) of RM597.2 million in USJ 7, Subang Jaya, Selangor.