PNB Confirms Ongoing Talks On Highway Assets, Process Still At Early Stage

KUALA LUMPUR, Aug 29 (Bernama) -- Permodalan Nasional Bhd (PNB) today confirmed that discussions are ongoing with several parties regarding its highway assets in Projek Lintasan Kota Holdings Sdn Bhd (Prolintas).

IJM Construction Clinches RM1.4 Bln Johor Data Centre Project

KUALA LUMPUR, Aug 15 (Bernama) -- IJM Construction Sdn Bhd, a wholly owned subsidiary of IJM Corporation Bhd (IJM), has been awarded a RM1.4 billion contract for the construction of a large-scale data centre facility in Johor Bahru.

CIMB Securities: Water Tariff Revision Opens Path For Investment, Private Funding Still Needed

KUALA LUMPUR, Aug 5 (Bernama) -- Malaysia’s water sector still requires alternative funding schemes involving the private sector to reduce the federal government’s financial burden despite the ongoing review of water tariffs in selected states.  

Construction Shares Up In Early Trade, Boosted By Major Projects Under 13MP

KUALA LUMPUR, Aug 1 (Bernama) -- Construction-related stocks on Bursa Malaysia increased in early trade today, boosted by projects planned by the government under the 13th Malaysia Plan (13MP).

RM430 Bln Under 13MP To Boost Malaysia’s Construction, Infrastructure Sectors - CIMB

KUALA LUMPUR, July 31 (Bernama) -- Malaysia’s construction and infrastructure sectors are set to benefit significantly from the 13th Malaysia Plan (13MP), which allocates RM430 billion for development expenditure (DE) from 2026 to 2030, according to CIMB Investment Bank Bhd.

Construction Sector To See Data Centre Contracts Award Upswing In 2H -- HLIB

KUALA LUMPUR, July 11 (Bernama) -- Malaysia’s construction sector is forecast to see a data centre (DC) award cycle in the second half of the year, driven by multiple contract decisions on tenders submitted in the first half of 2025 (1H 2025), according to Hong Leong Investment Bank Bhd (HLIB).

Malaysia's Data Centre Sector Remains Positive -- MIDF Amanah

KUALA LUMPUR, June 19 (Bernama) -- Malaysia's data centre sector remained positive amid a recent report alleging that Chinese firms were training their artificial intelligence (AI) models at a data centre here that is powered by Nvidia chips, said MIDF Amanah Investment Bank Bhd.

IJM Corp, Muhibbah Engineering To Benefit From ECRL Spur Line -- CIMB Securities

KUALA LUMPUR, June 9 (Bernama) -- IJM Corporation Bhd and Muhibbah Engineering (M) Bhd are among the companies expected to benefit from the East Coast Rail Link (ECRL) spur line, which provides direct connectivity to two major ports in Port Klang, CIMB Securities Sdn Bhd said.

CIMB Securities Cuts KLCI Earnings Forecasts By 5.6 Pct After Weak 1Q

By Naveen Prabu Kuppusamy

KUALA LUMPUR, June 3 (Bernama) -- CIMB Securities has revised downward its earnings forecasts for FTSE Bursa Malaysia KLCI (FBM KLCI) constituents by 5.6 per cent for both 2025 and 2026, citing widespread underperformance in the first quarter ended March 31, 2025 (1Q 2025). 

IJM Posts Weaker Net Profit Of RM403.38 Mln In FY2025

KUALA LUMPUR, May 29 (Bernama) -- IJM Corporation Bhd posted a lower net profit of RM403.38 million for the financial year ended March 31, 2025 (FY2025), down from RM600.28 million in the previous year.

IJM Buys 50 Pct Stake In UK's JRL Group For RM283 Mln

KUALA LUMPUR, April 24 (Bernama) -- IJM Corp Bhd has completed the acquisition of a 50 per cent equity stake in UK-based contractor JRL Group Holdings Ltd for £50 million (approximately RM283 million), through the subscription of new ordinary shares.

Bids For Penang International Airport Terminal Under Package 3 Expected In May 2025

KUALA LUMPUR, April 10 (Bernama) -- Bids for Penang International Airport (PIA) main terminal building  under the Package 3 are expected to open in May 2025 ahead of its scheduled 2027 completion.