KLIA aerotrain to resume operations by Jan 31, 2025 — Loke
The Kuala Lumpur International Airport (KLIA) aerotrain, which links the satellite buildings with the main airport terminal, is expected to resume operations by Jan 31, 2025.
Binastra wins RM235m contract to build 39-storey apartment in PJ
Binastra Corp Bhd (KL:BNASTRA), formerly known as Comintel Corp Bhd, has secured a RM235.5 million contract from Mightyprop Sdn Bhd to undertake construction work for a 39-story serviced apartment in Petaling Jaya, Selangor.
KIP REIT expands portfolio with RM98m acquisition of four industrial properties
KIP Real Estate Investment Trust (KL:KIPREIT), which primarily invests in retail properties, has proposed to acquire another four industrial properties for a total purchase price of RM98.3 million.
KIP REIT acquires land in Gerik for RM14.8m
KIP Real Estate Investment Trust (KL:KIPREIT), which primarily invests in retail properties, is acquiring a 4,663-sq metre (100,416 sq feet) parcel of land in Gerik, Perak, for RM14.8 million, cash.
Yong Tai to defend itself in RM105m contract dispute, may countersue Kerjaya Prospek
Property developer Yong Tai Bhd (KL:YONGTAI) said it will defend itself against a lawsuit filed by construction firm Kerjaya Prospek Group Bhd (KL:KERJAYA) over an alleged unpaid contract dispute, and may also consider countersuing.
Glomac plans to raise up to RM3 bil via sukuk programme
Glomac Bhd (KL:GLOMAC) plans to raise up to RM3 billion through a sukuk wakalah programme to finance land acquisition, refinance debts and fund capital expenditure.
Lagenda Properties' 2Q net profit rises 46% on higher property development, construction performance
Quarterly revenue grew 25.2% to RM245.8 million from RM196.4 million in the previous year.
EcoFirst to acquire 4.5-acre land in Kajang for RM35m for mixed development
The development will include serviced apartments, small office home office, small office virtual office, and shop offices.
Higher contribution from plantation boosts KLK, Batu Kawan 3Q earnings
The increase was attributed to higher selling prices and sales volumes of crude palm oil and palm kernel, lower production costs, and a reduced fair value loss on unharvested fruit.
Encorp suspends group CEO to facilitate internal probe after MACC allegations
The company did not reveal the details of the allegations, but it confirmed that three of its officers were arrested by the MACC on August 8.
