News by theedgemalaysia.com

Kumpulan Kitacon Bhd (KL:KITACON) is expected to see stronger earnings in the second half of 2025 (2HFY2025), as township project developments Bandar Bukit Raja and Elmina reach completion, alongside better margin expansion, according to CGS International.

Bank Negara Malaysia's (BNM) overnight policy rate cut may improve sector sentiment, but its impact on real estate investment trusts (REITs) is expected to be limited, with only modest borrowing cost reductions, as market valuations have largely priced in the move.

Ahmad Zaki Resources Bhd (KL:AZRB) said on Wednesday that one of its subsidiaries has been served with a winding-up petition by Giga Engineering & Construction Sdn Bhd over an alleged unpaid sum of RM5.86 million.

Ecobuilt Holdings Bhd (KL:ECOHLDS) said on Wednesday that a major subsidiary has been served with a winding-up petition over an alleged debt amounting to RM447,886.46.

Econpile Holdings Bhd (KL:ECONPILE) has secured a RM27 million contract for piling and pile cap works at a serviced apartment project in Kelana Jaya, Petaling Jaya.

Economists were divided on whether Bank Negara Malaysia’s (BNM) first rate cut since July 2020 marks the start of a rate cut cycle, with most expecting no further cuts this year despite an expected slowdown in growth.

Malaysia’s central bank on Wednesday moved to cut interest rates for the first time in nearly two years to support an economy facing downside risks to its growth.

Bina Puri Holdings Bhd (KL:BPURI) said on Tuesday that two of its wholly-owned subsidiaries have been served with winding-up petitions by the government, via the Inland Revenue Board, for failing to settle outstanding tax liabilities.

SkyWorld Development Bhd (KL:SKYWLD) is acquiring a 25.9-acre parcel of land in Batu Kawan, Penang, for RM48.51 million as part of a previously announced joint development to build affordable housing units in the state.

Abadi Malaysia Sdn Bhd, Kota Lanskap Sdn Bhd and Usia Maintenance Sdn Bhd were found to have infringed Section 4 of the Competition Act 2010 in six tenders collectively worth RM44.85 million put out in 2018 and 2021.