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IGB REIT Q2 profits rise on Mid Valley

IGB REIT posted a 50%+ jump in Q2 2026 net profit to RM139.27 million and revenue to RM240.95 million, with net property income at RM181.2 million, helped by Mid Valley Southkey and higher rents from Mid Valley Megamall and The Gardens Mall; IGB Commercial REIT followed with Q2 net income of RM35.01 million on RM71.24 million revenue, up 10.3%. For the first half, group revenue rose about 51% and NPI about 53%, and both REITs signaled ongoing focus on high occupancy, proactive leasing and asset enhancements to sustain resilience, with quarterly distributions declared.

6 sources

Johor appoints 10 deputy exco to boost governance

Johor’s government appointed 10 deputy state executive councillors to strengthen administration, improve service delivery, and speed the resolution of public issues, aligning with the Maju Johor 2030 framework and the Johor Economic Transformation Plan with consent from the Regent. The lineup includes first-time MCA MPs among the deputies and covers sectors such as education, culture, and women’s/community development, underscoring a broader, participatory approach to governance.

7 sources

Photo: The original uploader was Earth at English Wikipedia. / Wikimedia Commons (CC BY 2.5)

Sabah NGO President Arrested Over RM2 Million Misappropriation

The Malaysian Anti-Corruption Commission arrested Sabah NGO president on suspicion of abusing his position by misappropriating about RM2 million from the Finance Ministry for a cultural hall and gallery, with charges expected in Kota Kinabalu under MACC Act Section 23; investigators say the project proceeded without the NGO’s Supreme Council approval. In a separate development, MACC also detained the NGO’s secretary and treasurer over money laundering and RM5 million misappropriation, with charges anticipated at Shah Alam or related courts.

5 sources

South Korea Exports Jump 52% July 1-20

South Korea’s exports for July 1–20 rose 52.3% year-on-year to $54.9 billion, led by a 180% surge in semiconductors, while passenger-car shipments fell about 10.6%, and exports to China and the United States grew strongly. Imports climbed 20% to $42.7 billion, producing a $12.2 billion trade surplus, with the period marking a record high though daily averages suggest volatility as global demand and energy prices influence flows.

14 sources

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IGB REIT Q2 profits rise on Mid Valley

Johor appoints 10 deputy exco to boost governance

Sabah NGO President Arrested Over RM2 Million Misappropriation

South Korea Exports Jump 52% July 1-20