SELANGOR (Oct 10): Gamuda Land, the property arm of Gamuda Bhd (KL:GAMUDA) and Thailand-based Dusit International officially opened its latest 280-room ASAI Gamuda Cove hotel, located in Persiaran Cove Sentral Bandar Gamuda Cove in Selangor on Oct 10.

Gamuda Land, Dusit International officially open 280-room ASAI Gamuda Cove

Following the tabling of Budget 2027 on Friday, property consultants told City & Country that the property-related policies announced represent positive measures towards improving access to housing and are firmly grounded in reality.

Budget 2027 broadly supportive for homebuyers, say consultants

KUALA LUMPUR (Oct 6): Sevenco Sdn Bhd, via its subsidiary Sevenco Synergy Sdn Bhd, broke ground for its maiden Klang Valley project named Maison Sungai Besi in Taman Castlefield, Kuala Lumpur, on Tuesday.

Sevenco breaks ground for RM360 mil Maison Sungai Besi serviced apartment

PETALING JAYA (Sept 10): Paramount Corp Bhd (KL:PARAMON) has officially opened its eleventh co-working space outlet named Co-Labs Coworking Sunway Square at Sunway Square Corporate Tower 1 on Thursday.

Paramount Corp opens eleventh Co-labs Coworking outlet in Sunway Square

SEPANG (Sept 8): NCT Alliance Bhd (KL:NCT) has officially launched the second phase of the NCT Smart Industrial Park (NSIP) in Sepang on Tuesday. Phase 2 broke ground in November last year.

NCT Alliance launches RM2.5b second phase of NCT Smart Industrial Park in Sepang

With about 85% of Malaysia’s population expected to live in urban areas by 2045, its cities will increasingly determine the country’s climate future.

In his keynote address at the recent Cities Climate Connect 2026 (CCC2026) conference, Deputy Minister of Natural Resources and Environme...

From sustainable solutions to implementation

KUALA LUMPUR (Aug 12): The Ministry of Natural Resources and Environmental Sustainability (NRES) aims to table the National Climate Change Bill in the next Parliament session, which is scheduled from Oct 5 to Dec 8.

Natural Resources Ministry aims to table National Climate Change Bill in next Parliament session

Perak-based property developer Asiabina Holdings Sdn Bhd (Asiabina Group) has kept a low profile over the past few decades as it steadily expanded its footprint.

The group has delivered more than 20,000 residential, commercial and industrial properties in the northern region since its i...

Cover Story: Perak-based Asiabina Group to launch first Klang Valley project next month

Growing up, Nguyen Hoang Manh always wanted to become an architect. Born and raised in Vietnam and coming from a family deeply rooted in the industry, he says the path seemed clear from the very beginning.

“My relatives and parents are all related to the construction field. I had had th...

Designworks: Placing nature at the core

Gamuda Cove in Selangor is often associated with a massive pirate ship at SplashMania Waterpark that is visible from a distance. But what passersby often miss is the lush green space tucked away in the township.

Rejuvenating and conserving for generations to come

The Ministry of Health (MOH) will recommend absorbing contract dental and pharmacy officers into permanent positions for the consideration of the Ministry of Finance and the Cabinet, in an effort to ensure the future and welfare of these groups are safeguarded.

MOH will recommend absorbing dental and pharmacy officers — Dzulkefly

US stock indices were mixed on Monday, with tech heavyweights facing heat as oil prices touched their highest in about two weeks ahead of big bank earnings and inflation data due later in the week that couldpotentially steer the Fed's policy path.

Oil rally pressures S&P, Nasdaq; Microsoft, Salesforce buoy Dow

The absence of accurate numbers of individuals without identification documents poses a challenge for the National Registration Department (JPN) in identifying the Orang Asli and indigenous communities who are still left out of the national registration system.

JPN faces challenge in identifying affected groups due to lack of identification documents

LVMH’s biggest division posted a slump in sales last quarter as its key Louis Vuitton brand suffered from a boycott in China.

LVMH sales at key unit fall as China woes hurt Louis Vuitton

The government is confident it can spend the RM510 billion allocated in Budget 2027 without introducing any new taxes, says Minister of Finance II Datuk Seri Amir Hamzah Azizan.

Budget 2027: Govt confident of RM510 bil expenditure without introducing new taxes — Amir Hamzah

The iron and steel sector is among those frequently facing pressure from dumped imports of intermediate goods, with eight of Malaysia’s nine existing anti-dumping measures covering products in the sector.

Eight of Malaysia’s nine anti-dumping measures cover iron, steel products — Miti

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

AirAsia, IJM, Zetrix AI, IOI Properties, MN Holdings, Swift Energy, Kinergy, iCents, Infomina, LAC Med 

Malaysia will raise the issue of transboundary haze at an Asean foreign ministers’ meeting ahead of the bloc’s 49th Summit in Manila, the Philippines, next month to discuss more effective regional mechanisms to tackle the problem.

Malaysia to raise haze issue at Asean foreign ministers’ meeting — Tok Mat

The Ministry of Investment, Trade and Industry (Miti) is implementing a carbon capture, utilisation, and storage (CCUS) pilot project at an iron and steel plant on the East Coast, expected to be finalised by the end of 2027.

Iron and steel industry CCUS pilot project expected to be finalised by end-2027 — Miti

US authorities conducted a predawn raid on Monday on the Washington-area home of Democratic US Representative Ilhan Omar of Minnesota, an outspoken critic of Donald Trump who has been the target of political insults by the Republican president, as part of an ongoing investigation, the Justice Department said.

US immigration authorities raid Democratic congresswoman Ilhan Omar's home

AS the life expectancy of Malaysians increases, Putrajaya is aiming for at least 60% of Employees Provident Fund (EPF) members to meet the Basic Savings benchmark of RM390,000 by age 60 by 2030. However, the government acknowledges that many Malaysians still risk outliving their savings during a ...

The State of the Nation: Recasting the age 55 EPF withdrawal into a lifetime pension promise  

FORMER Employees Provident Fund CEO Tan Sri Shahril Ridza Ridzuan’s suggestion that employers raise their EPF contribution level to help lift the retirement savings of lower-wage earners raised eyebrows as it called attention to his illustration that employers could hypothetically contribute only...

The State of the Nation: Don’t penalise high-income earners when lifting EPF contribution for lower-wage cohorts

Zetrix AI Bhd’s (KL:ZETRIX) managing director Wong Thean Soon, better known as TS Wong, has continued to sell down his shareholding, further reducing his stake in the company.

TS Wong’s stake in Zetrix falls further, independent director Mohd Mokhtar resigns

IJM Corporation Bhd (KL:IJM) has secured a RM1.23 billion contract from AT&amp;S Austria Technologie &amp; Systemtechnik (Malaysia) Sdn Bhd to construct semiconductor manufacturing facilities at the Kulim Hi-Tech Park in Kedah.

IJM bags RM1.23 bil contract to build AT&S semiconductor manufacturing facilities in Kedah

KUALA LUMPUR (Oct 12): Batik Air has cancelled its scheduled flight from Kuala Lumpur International Airport (KLIA) to Jeddah, Saudi Arabia, on Monday as a precautionary measure amid the ongoing conflict.

Batik Air cancels Oct 12 KL-Jeddah flight

IOIPG Malaysia REIT has entered into an underwriting agreement with a group of six financial institutions for its initial public offering (IPO) on the Main Market.

Six financial institutions to underwrite 165m units of IOIPG Malaysia REIT Main Market IPO

RAM Holdings Bhd announces the retirement of Chris Lee Wai Kit as group chief executive officer and executive director of RAM Holdings and RAM Rating Services Bd (RAM Ratings), effective Sept 30, 2026, with Julie Ng stepping in as its acting chief.

Chris Lee retires as RAM group CEO; Julie Ng is acting chief

MN Holdings Bhd (KL:MNHLDG) has secured a RM293.88 million contract to build two high-voltage power facilities for a data centre development in the central region of Peninsular Malaysia. 
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MN Holdings bags RM294 mil job to build power facilities for a data centre

The government is in discussions with Tenaga Nasional Bhd (KL:TENAGA) and the Energy Commission (EC) on measures it can take to subsidise households’ electricity next year, as fuel costs are expected to remain elevated.

Govt in talks with TNB, regulator on electricity subsidy measures for 2027

Steel manufacturer Malaysia Steel Works (KL) Bhd (KL:MASTEEL) on Monday announced the acquisition of a&nbsp;51% stake in a high-voltage electrical engineering firm for RM12 million&nbsp;to expand into power infrastructure and data centre construction,&nbsp;as well as a proposed placement of nearly 4% of its issued share base to raise up to&nbsp;RM5.78 million for working capital.

Masteel announces 51% stake buy in power infra firm and private placement to raise working capital funds

A privatisation offer for Tong Herr Resources Bhd (KL:TONGHER) is 'not fair but reasonable', the appointed independent adviser said in calling for minority shareholders to accept the deal. 
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Tong Herr privatisation offer 'not fair but reasonable', says independent adviser

Here is a brief recap of some business news and corporate announcements that made the headlines on Monday:

Oil and gas services provider Deleum Bhd (KL:DELEUM) has entered into a heads of agreement (HOA) to sell its 86.67% stake in Deleum Technology Solutions Sdn Bhd (DTS) to Ocean Vantage Holdings Bhd (KL:OVH) for RM13 million cash.&nbsp; 
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Deleum plans RM13 mil disposal of technology solutions unit to Ocean Vantage

A RM6.8 million auction for a popular nasi lemak shop in Damansara Uptown reflects location, income potential, and tenant profile value. Auctions reveal market realities amid varying financing conditions and demand, sometimes revealing weak resale markets or high holding costs. Cash investors gain advantages during cautious sentiments, while agents find new roles in sourcing auction properties.

Coffee Break: A nasi lemak shop and the realities of property auction

IOI Properties Group Bhd (KL:IOIPG) is eyeing a 50% stake in One Raffles Place, an integrated commercial development in Singapore’s central business district.

IOI Properties looking to take 50% stake in Singapore’s One Raffles Place

Just over a year after completing a private placement, Edelteq Holdings Bhd (KL:EDELTEQ) plans to undertake another private placement seeking to raise up to RM26.75 million.

Edelteq plans another private placement to raise up to RM27 mil

HSBC Holdings Plc will phase out fixed-pay allowances for its senior staff and instead hand out a greater proportion of its compensation in the form of bonuses, becoming the latest UK lender to switch to Wall Street-style remuneration to better align with performance. 
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HSBC moves to Wall Street bonus model, cuts fixed-pay deals

Yang di-Pertuan Besar of Negeri Sembilan, Tuanku Muhriz Tuanku Munawir, has decided not to attend the Conference of Rulers meeting, scheduled for Oct 13 to 15, to focus on state affairs, particularly the ceremony concerning the appointment of the Undang of Jelebu. 
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Tuanku Muhriz will not attend Conference of Rulers meeting

Tencent Holdings Ltd told fixed-income investors Monday that its planned bond offering of about US$5 billion (RM20.4 billion) will help finance AI-related capital expenditures, people familiar with the matter said, as it doubles down on the sector.

Tencent tells investors its US$5 bil bond mainly for AI capex — Bloomberg

US stock indices were mixed on Monday, with tech heavyweights facing heat as oil prices touched their highest in about two weeks ahead of big bank earnings and inflation data due later in the week that couldpotentially steer the Fed's policy path.

Priya Devan

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Priya Devan

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