Sentral REIT (KL:SENTRAL), which owns a portfolio of prime office and commercial buildings in Klang Valley and Penang, saw its third-quarter net property income (NPI) slip, no thanks to higher operating expenses, including one-off equipment repairs and replacement costs across several properties.
IJM Construction Sdn Bhd, wholly owned by IJM Corp Bhd (KL:IJM), has accepted a RM1.4 billion Letter of Award from its sister company New Pantai Expressway Sdn Bhd (NPESB) for the design and build of the New Pantai Highway Extension.
NCT Group of Companies said it launched its maiden RM1 billion sukuk wakalah programme on Thursday.
“A comprehensive study covering legal, technical, and financial aspects is being conducted to ensure such initiatives can benefit the public without imposing additional fiscal strain on the government.”
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.
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