News by Priyatharisiny Vasu

"We wish all parties in the construction industry can continue to carry on with the already tough business environment in a more sustainable manner.”

The acquisitions, the Islamic REIT's first after its listing in September, would boost its total asset value by 12.8% to RM644.1 million.

The group also divested the remaining 20% equity in the pre-tertiary education business.

Malaysia’s cost of borrowing increased for the fourth time this year as Bank Negara Malaysia (BNM) hiked the Overnight Rate Policy (OPR) by another 25 basis points to 2.75% at the sixth and final Monetary Policy Meeting (MPC) for 2022.

The issuances above bring the company’s year-to-date issuances from both domestic and international markets to RM16.1 billion.

Keck Seng said the development is expected to be completed within three years, with all costs and expenses to be borne by Pasir Gudang City Council.

Majuperak Holdings Bhd (MHB) proposed to collaborate with its 55%-shareholder Perbadanan Kemajuan Negeri Perak (PKNPk) to jointly develop assets on several land banks measuring 857.75 acres in Perak.

With the sale, TSR Capital is expected to record a net gain on disposal of RM6.57 million.

The associations proposed for the bank guarantee requirement to be replaced by a standard bank guarantee of RM100,000 instead.

Property developer Encorp Bhd is diversifying into silica mining, which it sees as having a “huge future potential”.