News by Izzul Ikram

The West Ipoh Span Expressway, to span 60.88km from Gopeng to Kuala Kangsar, is now estimated to cost RM6.2 billion instead of RM5.75 billion, according to the project's concessionaire, East Coast Road Sdn Bhd (ECRSB).

Negotiations over the redevelopment of major transport hub Kuala Lumpur Sentral are expected to be completed this year, paving the way for the project's launch in 2025, said Transport Minister Anthony Loke Siew Fook.

Construction and engineering company LFE Corp Bhd (KL:LFECORP) said on Wednesday that it has secured a related-party construction contract worth RM81.71 million.

The government will extend the current net energy metering (NEM) 3.0 programme till June 30, 2025 to continue incentivising rooftop solar installation, announced Prime Minister Datuk Seri Anwar Ibrahim in his Budget speech.

Critical M&E Engineering Sdn Bhd will undertake the supply and maintenance of mechanical and electrical services for the new semiconductor plant — for a renowned US-based multinational company — located at the Batu Kawan Bandar Cassia Technology Park in Prai.

Bina Puri Holdings Bhd (KL:BPURI) registered a net profit of RM13.84 million for the third quarter ended March 31, 2024 (3QFY2024) compared to a net loss of RM20.74 million a year earlier, due to gains arising from scheme of arrangements between the group’s unit and creditors.

I-Bhd's (KL:IBHD) first quarter net profit rose sixfold to RM4.07 million from RM675,000 a year earlier, which the group attributed to its "strong financial management and strategic foresight".

IOI Properties Group Bhd’s (KL:IOIPG) net profit for its third quarter ended March 31, 2024 (3QFY2024) rose 90.9% to RM220.21 million from RM115.38 million a year earlier, mainly thanks to the completion of a land sale in Johor

Vizione Holdings Bhd (KL:VIZIONE), which is valued at RM73.72 million, has secured a RM750 million contract from a company partially owned by its directors for construction works on a mixed development in Gombak, Selangor.

Lagenda Properties Bhd (KL:LAGENDA) said one of its senior personnel was remanded by the Malaysian Anti-Corruption Commission (MACC) under an investigation into the subdivision of Malay reserve land in Manjung, Perak.