News by theedgemalaysia.com

With more jobs set to trickle in for Gamuda Bhd (KL:GAMUDA), investors should focus more on the wins than earnings delivery at the builder, said CGS International in lifting its target price to the highest on the street.

Exsim Hospitality Bhd (KL:EXSIMHB), formerly Pan Malaysia Holdings Bhd, has agreed with AmFIRST Real Estate Investment Trust (REIT) (KL:AMFIRST) to manage a planned RM45 million refurbishment and rebranding of The Summit Hotel Subang USJ, and to lease the hotel for three years after the revamp.

A new planning regulation that was quietly passed in June has given the Kuala Lumpur mayor excessive powers to approve developments in the capital city, a government backbencher flagged.

Prime Minister Datuk Seri Anwar Ibrahim has questioned the developer of the Residensi Aman Lumyan affordable housing project in Bandar Sri Permaisuri, Kuala Lumpur, over the absence of a school in the development plan of the project.

Construction firm Fajarbaru Builder Group Bhd (KL:FAJAR) announced on Tuesday that the company will rebrand as FBG Holdings Bhd, with the name change taking effect on Bursa Malaysia at 9am this Friday, Aug 8.

The Court of Appeal has upheld a judge's ruling last year that a developer owed a duty of care to the joint management body (JMB) of a condominium in Subang over defects affecting common property.

The appeal brought by three disgruntled farmers to reinstate the state government, the Selangor menteri besar, and the Kuala Langat district land administrator into their main civil action, lacked merit and was obviously not sustainable.

The limited-release comprises 18 bungalows and 22 semidees, designed to offer exclusivity, privacy and contemporary living in a low-density setting.

Forbes Asia said the growth within the Asia-Pacific region was predicted to maintain a slow pace due to the trade tensions ongoing in the region.

The collaboration is executed via a special purpose vehicle, AIZO Astana Sdn Bhd, in which AIZO holds a 51% controlling stake.