News by theedgemalaysia.com

Construction company GDB Holdings Bhd (KL:GDB) has secured a court order enforcing an RM83 million adjudication award in its dispute with KSK Land Sdn Bhd over payments following the developer’s termination of its unit as the main contractor of the 8 Conlay project.

A decades-long legal battle over unlawful government land acquisition must be resolved by the Federal Court as it directly impacts citizens' constitutional right to property, senior counsel Datuk Dr Cyrus Das argued before the apex court on Thursday.

Axis Real Estate Investment Trust (KL:AXREIT) is acquiring an industrial property in Seberang Perai Tengah for RM800 million from Ann Joo Steel Bhd, to whom it is leasing back the asset post-acquisition.

Q Centre Group on Thursday marked the groundbreaking of Q Centre @ Teratai, a 9,000-bed centralised labour quarters (CLQ) in Meru, set to become the largest such facility planned in Klang.

Malaysia’s central bank kept the benchmark interest rate unchanged as expected on Thursday, drawing comfort from resilient economic growth and tame inflation.

Jesselton International is set to offer The V by Jesselton, a RM1.5 billion mixed-use waterfront development along the Likas Bay coastline.

Construction and property development group Kerjaya Prospek Group Bhd (KL:KERJAYA) said it has secured an RM87.66 million contract to undertake building works for a commercial development project in Shah Alam.

Data centres across Malaysia are currently consuming less than half of their declared electricity demand, which could create the risk of stranded assets, the government flagged.

MTD Properties held a groundbreaking ceremony for MTD Residensi Sutera Vista on Nov 1, marking the launch of the final residential phase in the Taman Sutera township.

The financing, structured under an Islamic Receivables Finance facility, represents a major milestone for LPPSA as it diversifies its funding sources beyond traditional government guarantees.