News by theedgemalaysia.com

Conditions have been favourable for builders so far into 2026, though industry players are cautioning about upcoming projects vulnerable to rising costs.

IHG Hotels & Resorts (IHG) has signed a management agreement for Kimpton Kota Kinabalu, marking the second property for the luxury lifestyle brand in Malaysia.

Construction firm MGB Bhd (KL:MGB) has bagged a RM34.76 million contract to build residential units in Jeddah, Saudi Arabia.

Sunway Bhd (KL:SUNWAY) said Tan Sri Abdul Wahid Omar has joined the conglomerate’s board as an independent and non-executive director.

IJM Land Bhd has invested approximately RM6.8 million in a new recreational precinct within its S2 Heights Aman development in Seremban 2, according to a press statement issued on Wednesday.

IOI Properties Group Bhd (KL:IOIPG) extended its rally to new highs on Wednesday as investors kept piling into bets of potential asset spin-offs by the property developer.

Muhibbah Engineering (M) Bhd (KL:MUHIBAH) said it has secured a subcontract worth RM120 million from Gamuda Industrial Building System Sdn Bhd under the Penang LRT Mutiara Line project.

Rizal, 55, was previously group CEO of UKM Holdings Sdn Bhd, an investment and commercial arm of Universiti Kebangsaan Malaysia, where he oversaw businesses spanning investment holdings, healthcare, consulting and real estate.

The suspension is undertaken under Paragraph 16.02(1)(i) of the listing rules which underlines a trading suspension upon the commencement of a voluntary winding-up of a listed issuer.  

The latest job adds to its existing data centre-related contract with NEXTDC.