News by theedgemalaysia.com

The Construction Industry Development Board (CIDB) has launched two initiatives under the industralised building system (IBS), which are IBS Homes Catalogue and IBS Homes showhouses to encourage adoption of IBS in Malaysia in the affordable housing landscape.

Malaysia's construction activity in the second quarter of 2023 (2Q2023) expanded for the fifth straight quarter since 2Q2022, reporting an increase of 8.1% year-on-year (y-o-y) in value of work done to RM32.4 billion, new data from the Department of Statistics Malaysia (DOSM) revealed.

Datuk Seri Sundarajoo Somu, who is making his election debut in the upcoming Aug 12 state polls, is so passionate and excited by the chance to stand as a candidate that the former deputy president and deputy CEO of Eco World Development Group Bhd said he would not be able to sleep — could not die peacefully even — if he had passed on the chance.

Chinese property giant Country Garden Holdings Co’s failure to make payments on its two dollar bond coupons due Aug 6 (Sunday) totalling US$22.5 million (RM103 million) has raised concerns over a cross-default on its Islamic Medium-Term Notes (IMTN) Programme in Malaysia.

Lion Industries Corp Bhd has scrapped its plan to acquire 80 acres of sub-divided leasehold agriculture land in Sepang for RM23 million.

Peir Shenq retracted his resignation in the late evening of Monday, but did not explain his change of heart.

It was responding to a Bloomberg report on Aug 2, quoting people with knowledge of the matter, that KLCCP, along with China Investment Corp, are among potential bidders for a stake in the office tower.
 

They want the caretaker menteri besar to remove and retract "all the defamatory statements" he allegedly made against Tan and BLand in a speech at a public event last week by Tuesday, or face legal action.

The contract, worth RM10.7 million, was awarded to its wholly-owned subsidiary TCS Construction Sdn Bhd by Impiana Impresif Sdn Bhd, a wholly-owned unit of BRDB Developments Sdn Bhd.

PLB Engineering Bhd is disposing of two pieces of land measuring 9,741 square metres or 2.41 acres in Penang for RM26.21 million, which will result in a one-off disposal gain of RM10.76 million.