News by theedgemalaysia.com

MK Land Holdings Bhd (KL:MKLAND) said on Thursday it has reached a settlement with the tax authority that would cut the additional bills and penalty imposed on its unit by nearly 85%.

The Attorney General's Chambers (AGC) on Thursday filed a notice of appeal against the High Court's decision requiring the government to return 263.72 acres (106.72 hectares) of land known as the ‘Duta enclave’ to the liquidator of Semantan Estate (1952) Sdn Bhd.

The government's proposal to introduce regulations aimed at enforcing sustainability-linked standards for the domestic data centre market will see some of the data centres becoming non-compliant with the requirement, carrying implications for domestic competitive dynamics, according to Fitch Solutions company BMI.

Eastern & Oriental Bhd (KL:E&O) has launched its latest luxury apartment development named The Lume on its 760-acre Andaman Island master plan development in Penang on Thursday, according to a press statement.

Real estate developer I-Bhd (KL:IBHD) said on Thursday its net profit tripled in the second quarter from a year earlier, thanks to a turnaround of its leisure business and higher property investment income.

German semiconductor giant Infineon Technologies AG will invest an additional €5 billion (RM30.1 billion) in constructing the world’s largest 200-millimetre silicon carbide power fabrication plant in Kedah.

Analysts continue to be positive about Sentral REIT (KL: SENTRAL), noting its appealing yield compared to the sector average.

Businessman Tan Sri Robert Tan Hua Choon has ceased to be a substantial shareholder of Paragon Globe Bhd after disposing of half his stake in the Johor-based developer.

Tesla Inc has scrapped plans to set up factories in Malaysia, Thailand, and Indonesia, and the US electric car maker will focus solely on charging stations, Thai online news portal The Nation reported on Wednesday.

The Attorney General's Chambers (AGC) said it will appeal the High Court decision ordering the government to transfer 263.27 acres of land known as the "Duta enclave" to Semantan Estate (1952) Sdn Bhd.