Ideal Capital's 2Q profit slips as cost accelerates; Ooi Kee Liang steps down as chairman
Property group Ideal Capital Bhd (KL:IDEAL) saw its net profit for the second quarter fall 14%, dragged down by a jump in cost of sales despite higher revenue.
MUI Properties declares eight sen special dividend on Negeri Sembilan land sale
MUI Properties Bhd (KL:MUIPROP) has declared a special dividend of eight sen per share, amounting to RM59.27 million, following the disposal of its Negeri Sembilan land to Gamuda Bhd (KL:GAMUDA) by a subsidiary.
Palace of the Golden Horses operator faces winding-up petition over RM143,000 dues
Country Heights Holdings Bhd (KL:CHHB) said its unit, Golden Horse Palace Bhd (GHPB)—operator of the Palace of the Golden Horses—is facing a winding-up petition from Fujifilm Business Innovation Asia Pacific over an unpaid debt.
Sime Darby Property says Rehda in talks with govt on tax on construction services
Sime Darby Property Bhd (KL:SIMEPROP) said the Real Estate and Housing Developers' Association (Rehda) is still in talks with authorities on the expansion of the sales and service tax that raised costs for developers.
Censof wins RM12m Housing Ministry contract for one-stop centre licensing system
Censof Holdings Bhd (KL:CENSOF) has secured a RM12.4 million contract from the Ministry of Housing and Local Government to develop a one-stop centre licensing system for local authorities.
NCT Alliance's major shareholders to inject industrial park developer for RM490 mil in shares, RCPS
NCT Alliance Bhd (KL:NCT) is to acquire its major shareholders’ industrial park developer firm for RM490.26 million in shares and redeemable convertible preference shares (RCPS) to expand its development portfolio into industrial properties.
Binastra Corp bags RM132m piling job in Johor Bahru
Builder Binastra Corp Bhd (KL:BNASTRA) has secured a RM132 million contract from Exsim Lumba Kuda Sdn Bhd to carry out piling works for a new 63-storey serviced apartment project in Johor Bahru.
PN17 Ivory Properties faces suspension, de-listing after Bursa rejects extension request
Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) announced that Bursa Securities has rejected its application for a further extension of time to submit its regularisation plan.
Lawmakers ask to delay second reading of Urban Renewal Bill for further review
Lawmakers from both sides of the political divide want the Housing and Local Government Ministry to defer the second reading of the Urban Renewal Bill 2025 (URA Bill) and have it referred to relevant parliamentary special select committees for further scrutiny.
MRT Corp defends LRT Mutiara Line’s increased RM16.8 bil budget on inflation and land costs; denies cost overruns
Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) said on Thursday that the approved higher ceiling price of RM16.8 billion for the LRT Mutiara Line project was due to cost inflation and increased scope of work, not cost overruns.
