Integrated infrastructure developer YTL Corp Bhd's (KL:YTL) net profit for its fourth financial quarter ended June 30, 2024 (4QFY2024) slipped 2.5% to RM534.48 million from RM548.03 million a year earlier on lower revenue.

Glomac Bhd (KL:GLOMAC) plans to raise up to RM3 billion through a sukuk wakalah programme to finance land acquisition, refinance debts and fund capital expenditure.

SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, said it is partnering with TH Properties Sdn Bhd to develop Malaysia’s first halal-certified managed industrial park in Negeri Sembilan.

The Housing and Local Government Ministry (KPKT) said it is planning the setting up of escrow accounts for housing projects, in order to ensure payments by homebuyers are used exclusively for housing projects that they have bought.

Noteworthy:

• Freehold
• Built-up 1,400 size: sq ft
• 2 bedrooms, 2 bathrooms
• Floor level: Mid
• Fully furnished
• Nearby amenities: TERKL, Perdana Botanical Gardens, Pavilion Bukit Bintang, Plaza Low Yat, Tung Shin Hospital, Monorail Raja Chulan, MRT Bukit Bintang, Central Market, schools, Bursa Malaysia Stock Exchange Center
• Accessibility: Jalan Maharajalela, Jalan Tun Perak, Jalan Pudu, Jalan Raja Chulan, AKLEH, Jalan Sultan Ismail, Jalan Imbi, Jalan Tun Razak

When: June 2024

With data centres (DCs) straining national power grids elsewhere, prompting Big Tech to explore alternative power sources to reduce emissions, Malaysia may still rely on conventional power for DCs at home, said experts.

Builder Tuju Setia Bhd (KL:TJSETIA) has bagged a RM247.95 million contract from Sime Darby Property Bhd (KL:SIMEPROP) to construct two blocks of service apartments with a gross development value (GDV) of RM597.2 million in USJ 7, Subang Jaya, Selangor.

With the success of Phase 1, Myra Land Sdn Bhd recently introduced the second phase of Myra Cove.

Tropicana Corporation Bhd and VitaHealth Malaysia attracted 300 participants to its Offline 16 mental wellness event on Saturday (Aug 17).

Magma Group Bhd (KL:MAGMA) said Impiana Selo Tioman Resorts Sdn Bhd, a 75%-owned unit of the hospitality group, is being sued by two individuals over an alleged breach of a sale and purchase agreement relating to five parcels of land in Tioman, Pahang.