News by Syafiqah Salim

“Under MRT Corp’s new strategy, MRT 3 will not adopt the single turnkey contractor structure as seen in MRT 2, and will likely divide the civil works scope into three to five main packages — each led by tier 1 contractors/consortiums that will undertake private financing for the first two years, prior to reverting to full government funding likely in 2024,” said CGS-CIMB analyst Sharizan Roseli

Brem Holding Bhd's share price on Monday (Nov 29) spiked as much as 30.34% past RM1 for the first time in about four years since January 2018 after the builder and property developer announced last Friday it had received a letter from major shareholders Brem Properties Sdn Bhd and Tan Sri Khoo Chai Kaa on their intention to privatise Brem Holding via selective capital reduction and repayment (SCR).

This lowered its earnings per share to 6.21 sen from nine sen previously, according to the Seremban-based property developer’s filing with the local bourse on Thursday (Nov 25). 

The group via its wholly-owned subsidiary Advancecon Infra Sdn Bhd (AISB) has accepted the Letter of Acceptance from Sime Darby Property for the appointment of AISB as the contractor for the proposed construction and completion of earthworks and other related works for Development of Phase 1 (R10C, R10D and R10E), at Bandar Bukit Raja 2, Kapar district. 

In a statement on Monday, it said the 16 Covid-19 positive individuals had been isolated and quarantined, while deep cleaning and sanitisation will be conducted in the resort.

The group, via its Singapore subsidiary Sunway Developments Pte Ltd (SDPL), together with Singapore-based property developer Hoi Hup Realty Pte Ltd, had on Thursday (Nov 18) entered into a collective sale and purchase agreement with the owners of the land.

The projects will reduce carbon dioxide emissions by 95,018 tonnes, with total savings and reduction in emissions computed over 25 years. 

Approval had been given for the two vaccines to be used as booster doses for individuals aged 18 years and above who had received vaccines of the same type (homologous).

"The proposed debt restructuring was approved by 97.56% of the Class B creditors present and voting either in person or by proxy in the scheme creditors' meeting on Friday," AAX said in a bourse filing.

The last time the country reported R0 above 1.0 was Aug 31 (1.02), when Covid-19 cases stood at 20,897.