News by M

The latest projects took its total contract wins to RM602 million to-date for the year 2019, lifting its order book to approximately RM2.52 billion.

MyHSR Corp said it will carry out an open tender to appoint the consultant, who will review the technical aspects of its recommended option for the project following its revision by the Malaysian Government.

Under the UN-supported PRI, it has pledged its commitment towards environment, social and governance best practices and sustainable investing principles.

At 3.05pm, IWCity was trading up 6.5 sen or 8.67% at 81.5 sen, after 41.8 million shares traded so far. 

Zulkarnin said there is now only one "serious discussion" with a township developer, despite expressions of interest from other property developers.

Over 2,000 residential units including about 600 affordable homes are estimated to be a part of the project, located on a dead-end plot with only one road out. 

“The report is unsubstantiated as the Penang State Government has yet to obtain the approvals."

The cost settled on will reportedly result in the 688-km long ECRL costing between RM34.4bil and RM41.3bil.

Some of the gains would come from lands that were previously sold at below market price at the time. These lopsided deals were cancelled, and DBKL will earn more by selling at market price, Khalid said.

"The perpetual notes will only be issued for acquiring yield accretive assets. Thus, this move is in line with shareholders interest and it provides financing flexibility to Sunway REIT," it said in a note today.