Econpile bags RM35 mil substructure works job in Subang Jaya from Vestland unit
Econpile Holdings Bhd has been awarded a contract worth RM35.09 million to undertake the substructure works for a commercial development in Subang Jaya, Selangor.
Fajarbaru clinches RM150.9 mil construction job in Shah Alam
Fajarbaru Builder Group Bhd has secured a RM150.89 million contract for the building and related infrastructure works of an 18-storey serviced apartment and retail complex in Shah Alam, Selangor.
With BNM staying its course, economists peg OPR at 3% till year-end
As Bank Negara Malaysia’s decision to hold the overnight policy rate at 3% came in line with consensus expectations, most economists see the central bank keeping its monetary policy stance on hold until the end of the year.
BNM maintains OPR at 3%, as expected
Bank Negara Malaysia (BNM) has decided to maintain its overnight policy rate (OPR) at 3%.
LBS Bina teams up with land owner to undertake RM1b GDV mixed development in Sungai Penchala
LBS Bina Group Bhd has partnered with a land owner to jointly undertake a RM1 billion gross development value (GDV) mixed development in Sungai Penchala, Kuala Lumpur.
Pestech denies unit's insolvency, says problem lies with Gemas-JB project’s cash flow
Pestech instead alleged that the rail project was experiencing serious negative cashflow issues created by SPYTL, due to rear-loaded project payment milestones and a delay in SPYTL’s works.
SunCon receives RM253m refurbishment contract from Sunway REIT
“The project is for a period of 24 months from the date of commencement of July 1, 2023, and is expected to be completed by June 30, 2025.”
Furniture maker AHB plans to venture into building materials, machineries after property development
After recently diversifying into property development, office furniture maker AHB Holdings Bhd has proposed to also diversify into the trading of building materials, machineries and equipment in view of rising costs in the increasingly competitive furniture business.
Scientex's 3Q net profit rises 24%, propelled by property business
Scientex Bhd's net profit rose 24.28% to RM109.78 million for the third quarter ended April 30, 2023 (3QFY2023) from RM88.33 million a year earlier, carried by the group’s property development business’ higher progress billing and robust demand for new launches.
Khazanah-Boustead JV sells assets of discontinued KidZania Singapore to Singapore-listed Sim Leisure for RM380,000
Khazanah Nasional Bhd and Boustead Holdings Bhd have offloaded the assets of discontinued indoor family attraction KidZania Singapore to Singapore-listed Sim Leisure Group Ltd for S$110,000 (RM380,000), after fulfilling the requisite conditions of the deal.
