News by theedgemalaysia.com

Pavilion Real Estate Investment Trust's (Pavilion REIT) net property income (NPI) for the third quarter ended Sept 30, 2023 (3QFY2023) rose 34.5% to RM121.35 million, from RM90.22 million a year earlier, following the inclusion of income from newly-acquired Pavilion Bukit Jalil.

Fire protection equipment supplier Fitters Diversified Bhd is disposing of an 8.05-hectare freehold land in Cameron Highlands for RM15 million, with an estimated gain on disposal of RM12.35 million.

The Ministry of Transport (MOT) intends to initiate negotiations for the continuation of the current Keretapi Tanah Melayu Bhd (KTMB) Tebrau Shuttle service from Johor Bahru to Singapore, even after the Rapid Transit Service (RTS) begins its operations.

The commencement of design and development work for the open payment system serving the rapid rail network under Prasarana Malaysia Bhd is expected to begin in March 2024,  according to Transport Minister Anthony Loke.

Master Builders Association Malaysia (MBAM) and the Real Estate and Housing Developers' Association (Rehda) Malaysia have urged the government to address concerns caused by the construction materials supply chain disruption, in the aftermath of the recent lorry drivers’ strike, according to a joint statement by MBAM president Oliver HC Wee and Rehda Malaysia president Datuk NK Tong, issued on Wednesday (Oct 25).

Gamuda Bhd is a step closer to achieving its orderbook target of RM25 billion in the next three to 15 months, following recent job wins from Taiwan’s Kaohsiung City government worth RM3.45 billion, according to analysts.

Axis Real Estate Investment Trust (REIT) is acquiring industrial premises in Negeri Sembilan for a cash consideration of RM48 million.

EcoFirst Consolidated Bhd has clarified that the group still has a net gain despite disposing of eight out of 15 retail units at lower than market price in a recent related party transaction.

Gadang Holdings Bhd nearly doubled its net profit for the first quarter ended Aug 31, 2023 (1QFY2024) from a year ago, thanks to stronger property sales, coupled with the commencement of commercial operations of its nine-megawatt (MW) mini hydropower plant in Lintau, Indonesia.

CapitaLand Malaysia Trust’s (CLMT) net property income (NPI) climbed 52.6% to RM58.32 million for the third quarter ended Sept 30, 2023 (3QFY2023) from RM38.21 million a year earlier on higher revenue, boosted by income contributions from Queensbay Mall and more revenue contributions from its retail properties.