MRT3 Circle Line tenders likely to restart by mid-2026—MBSB Research
New MRT3 Circle Line construction tenders may begin by mid-2026, said MBSB Research, after MRT Corp’s fourth and final tender validity extension lapsed in March 2024.
Luxchem invests in five leasehold plots in Klang for RM45.6m
Luxchem Corp Bhd (KL:LUXCHEM) is acquiring five leasehold industrial lands in Mukim Kapar, Klang, for RM45.59 million in cash, as part of its strategy to optimise surplus cash reserves by investing in income-generating real estate assets.
MyCC fines three firms RM2.98m for bid-rigging
Abadi Malaysia Sdn Bhd, Kota Lanskap Sdn Bhd and Usia Maintenance Sdn Bhd were found to have infringed Section 4 of the Competition Act 2010 in six tenders collectively worth RM44.85 million put out in 2018 and 2021.
Econpile wins RM58m construction and material supply contracts for a project in Ara Damansara
The jobs are expected to contribute positively to the company’s revenue and earnings from FY2026 onwards.
Avaland to acquire PJ land for RM49 mil to undertake high-rise commercial development
Property developer Avaland Bhd (KL:AVALAND) plans to acquire a 2.17-acre plot of land in Section 13, Petaling Jaya, to undertake a high-rise commercial development with an estimated gross development value of RM320 million.
Genting Malaysia submits bid for New York casino licence
Genting Malaysia Bhd (KL:GENM) announced that a formal bid has been submitted for a casino licence in New York as part of a US$5.5 billion (RM23.19 billion) resort development in Queens.
SD Guthrie, Sime Darby Property to co-develop 2,000 acres on Carey Island into industrial, logistics hub
Palm oil producer SD Guthrie Bhd (KL:SDG), formerly known as Sime Darby Plantation Bhd, and its sister company Sime Darby Property Bhd (KL:SIMEPROP) have entered into an agreement to jointly develop up to 2,000 acres of land on Carey Island, Selangor.
Advancecon initiates adjudication over ECRL project works payment dispute
Advancecon Holdings Bhd (KL:ADVCON) said the group has issued a notice of adjudication to China Communications Construction (ECRL) Sdn Bhd (CCC) over a payment dispute relating to the East Coast Rail Link (ECRL) project.
DayOne secures RM15b multicurrency financing for data centres in Johor
A developer of data centres planned in the Johor-Singapore Special Economic Zone (JS-SEZ) has secured RM15 billion in financing from a group of lenders.
Binastra gets RM268m job to build Segambut serviced apartment
Binastra Corporation Bhd (KL:BNASTRA) on Wednesday said it has secured a contract worth RM268 million to build serviced apartments.
