IGB REIT 1Q Net Profit Rises To RM106.58 Mln

KUALA LUMPUR, April 23 (Bernama) -- IGB Real Estate Investment Trust (REIT) posted a higher net profit of RM106.58 million for the first quarter ended March 31, 2025 (1Q 2025) from RM99.61 million in 1Q 2024. 

ACE Market-Bound West River's IPO Oversubscribed By 0.26 Times

KUALA LUMPUR, April 22 (Bernama) -- Mechanical and electrical (M&E) engineering services provider, West River Bhd’s initial public offering (IPO) shares have been oversubscribed by 0.26 times, ahead of its listing on the ACE Market of Bursa Malaysia Securities Bhd on May 5, 2025.

SkyWorld Development To Buy KL Land For RM110 Mln

KUALA LUMPUR, April 16 (Bernama) -- SkyWorld Development Bhd’s wholly owned subsidiary Rimba Maju Realiti Sdn Bhd (RMRSB) will buy 1.23 hectare freehold land at Tempat Sungei Teba, Mukim Batu, Kuala Lumpur for RM110 million from MS Tan Corporation Sdn Bhd.

Petronas Unit Secures Additional Gas Supply Via Thailand-Malaysia Pipeline

KUALA LUMPUR, April 16 (Bernama) -- Petronas Energy & Gas Trading Sdn Bhd (PEGT) has secured an additional 155 million standard cubic feet per day (mmscfd) of gas supply via the Trans Thailand-Malaysia gas pipeline system, bringing the total to 400 mmscfd.

PGB Estimates Earliest Gas Restoration In Putra Heights By July 1, 2025

KUALA LUMPUR, April 16 (Bernama) -- Petronas Gas Bhd (PGB) estimates that gas restoration in Putra Heights, Subang Jaya, could take place by July 1, 2025, at the earliest, subject to the outcome of ongoing investigations, regulatory approvals, and actual progress on site.

Sorrellicious Legacy Sets Sights On Southeast Asia With Dry Roselle Exports This Year

By Danni Haizal Danial Donald

KUALA LUMPUR, April 10 (Bernama) -- Sorellicious Legacy, a manufacturer of fresh roselle-based products operating in Klang, Selangor, aims to export dried roselle to the Southeast Asian market by the end of this year.

West River Launches IPO Prospectus, Aims To Raise RM27.9 Mln

KUALA LUMPUR, April 10 (Bernama) – West River Bhd, a provider of mechanical and electrical (M&E) engineering services, has launched its prospectus in conjunction with its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd scheduled on May 5, 2025. 

AmBank Grants RM307 Mln In Financing To Chin Hin Group For Infrastructure Projects

KUALA LUMPUR, April 10 (Bernama) -- AmBank Group has granted RM307 million in financing facilities to Chin Hin Group Bhd’s subsidiaries, Aricia Sdn Bhd and Makna Setia Sdn Bhd, to support several new property and infrastructure developments in the Klang Valley and Sabah and Sarawak.

Putra Heights Fire Sparks Production Disruptions, Financial Losses For 200 Factories

By Zufazlin Baharuddin

KUALA LUMPUR, April 5 (Bernama) -- The gas pipeline fire incident at Putra Heights has significantly impacted the operations of approximately 200 industrial facilities in the Klang Valley, spanning various manufacturing sub-sectors and company sizes.

Gas Malaysia Up 0.23 Pct In Late Morning

KUALA LUMPUR, April 2 (Bernama) -- The share price of Gas Malaysia Bhd was marginally higher late morning today following the Putra Heights gas pipeline inferno on Tuesday. 

Govt Allocates RM1.9 Bln For New Prasarana Buses - Amir Hamzah 

KUALA LUMPUR, March 27 (Bernama) -- The Finance Ministry has allocated RM1.9 billion to Prasarana Malaysia Bhd to buy 1,660 new diesel and electric buses in phases over a three-year period.

AME Elite To Sell 3 Industrial Properties In Johor For RM100.8 Mln To AME REIT

KUALA LUMPUR, March 24 (Bernama) -- AME Elite Consortium Bhd has proposed to sell three industrial properties in Johor, totalling 3.579 hectares, to AME Real Estate Investment Trust (AME REIT) for RM100.8 million in a related party transaction.