News by theedgemalaysia.com

Kedah-based property developer Oriental Interest Bhd (KL:OIB) reported its highest-ever quarterly net profit of RM45.48 million for the third quarter ended May 31, 2025 (3QFY2025), driven by record revenue of RM305.25 million.

Sarawak-based oil palm plantation company Rimbunan Sawit Bhd (KL:RSAWIT) has announced the termination of its joint venture (JV) with LCDA Holdings Sdn Bhd (LHSB), formerly known as Pelita Holdings Sdn Bhd.

KIP Real Estate Investment Trust (KL:KIPREIT) expects to 'sustain a stable performance' after posting double-digit growth in its recently concluded financial year on stronger lease income and contribution from newly-acquired assets.

Country Heights Holdings Bhd (KL:CHHB) said the group has been served with a winding-up petition by the Inland Revenue Board over RM312,560 in unpaid taxes.

Archidex, an architecture business event jointly organised by PAM (Malaysian Institute of Architects) and C.I.S Network Sdn Bhd, and the Asean Real Estate Conference (Arec) 2025, organised by the Ministry of Housing and Local Government (KPKT), are estimated to generate RM2 billion in business and investment opportunities.

The panellists spoke on ventures into newer philosophies of reshaping cities with sustainability and humanity at the core of the redevelopment agenda.

Subscribers of Malaysia's Green Electricity Tariff (GET) will be exempted from a 1.6% surcharge on their electricity bills meant for the Renewable Energy Fund, the Ministry of Energy Transition and Water Transformation (Petra) said.

The Court of Appeal (COA) has upheld the broader principle of administrative law applied to protect public entities, particularly when they risk disrupting public administration and governmental functions, a judge who allowed the Government’s appeal in the Semantan case, said.

AME Real Estate Investment Trust (KL:AMEREIT) recorded a 11.5% increase in net property income (NPI) for its first quarter ended June 30, 2025 (1QFY2026), contributed by two new property acquisitions and higher rental rates from tenancy renewals.

UOA Real Estate Investment Trust (KL:UOAREIT), which mainly manages commercial properties, saw its net rental income increase 8.9% to RM17.96 million for the second quarter ended June 30, 2025 (2QFY2025), compared with RM16.48 million a year ago, driven by improved occupancies.