China-based high-technology semiconductor company Ferrotec’s RM550 million investment in Pasir Gudang, Johor, through subsidiary Ferrotec Power Semiconductor Malaysia Sdn Bhd has been realised and is expected to generate an annual export value of RM600 million.
Sime Darby Property Bhd’s The Reya, located in KL East, has previewed Phase 1 and saw a take-up rate of 80% during the event.
Property companies in Malaysia have increased their adoption of environmental, social and governance (ESG) practices, driven by growing concerns over such issues and reflecting their commitment to sustainability, said MBSB Investment Bank.
JLand Group (JLG), the real estate and infrastructure arm of Johor Corporation (JCorp), has signed a three-year collaboration with China’s ZGC International Holding Ltd to position Johor as a regional hub for innovation and high-tech investment.
IJM Land, the property division of IJM Corporation Bhd (KL:IJM), has commenced the handover of commercial units at IKON @ Centrio in Seremban 2. The handover will be carried out in phases.
Magma Group Bhd (KL:MAGMA), whose shares have risen over 77% year-to-date, has completed its RM379.81 million capital reduction exercise.
The feasibility study for the high-speed rail network connecting Sabah, Sarawak, Brunei, and Kalimantan, Indonesia—dubbed the Trans-Borneo Railway project—is expected to be concluded by the third quarter of 2026, Transport Minister Anthony Loke Siew Fook said.
Johor has emerged as the nation’s leading data centre investment hub with 42 projects worth RM164.45 billion approved as of the second quarter (2Q) this year.
Noteworthy:
When: April 2025
The Federal Court has fixed Aug 29 to hear Semantan Estate (1952) Sdn Bhd’s stay application on the Court of Appeal’s decision in June that had ordered for the case to be sent back to the High Court for valuation of compensation of the 1956 “trespass” acquisition of the prime land in Kuala Lumpur.
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