News by theedgemalaysia.com

... as it believes that the market has moved past the "Forest City scare" or supply glut from the massive mixed-use development, thanks to incoming infrastructure developments.

The association said it was given the responsibility at a Malaysia Steel Council meeting last week, which had focused on the need for the local steel sector to strengthen its Decarbonisation and ESG disclosure and compliance of Scope 1, 2 and 3.

It posted a net profit of RM13.98 million or 2.16 sen for the second quarter ended June 30, 2023 (2QFY2023), versus RM15.07 million or 2.37 sen a year ago.

This was because the builder could not come to an agreement with Global Marine Sdn Bhd, from whom it secured the project, on the terms and conditions of the final definitive agreement for the job.

The investments will have to be in the targeted manufacturing sectors promoted by the government through its New Investment Policy and the upcoming New Industrial Master Plan 2030

King’s Park Development Sdn Bhd (formerly known as Highlands Park City Sdn Bhd) has officially launched its latest integrated mixed-use development, named King’s Park in Genting Highlands, via an opening ceremony of its sales gallery on Saturday (July 22).

A former director of Consortium Zenith Construction Sdn Bhd (CZCSB) told the Sessions Court on Friday (July 21) that it was impossible for a RM2 million payment to have made its way to Lim Guan Eng, when he had been initially told it was paid via businessman G Gnanaraja to then prime minister Datuk Seri Najib Razak, in order for the company to maintain close ties with Najib.

Building materials wholesaler and distributor Unitrade Industries Bhd is teaming up with Invest Kedah Bhd to jointly develop modular housing systems as centralised labour quarters (CLQs) in Kedah.

Gamuda Bhd’s property arm Gamuda Land has entered into an agreement to acquire a 9.1-acre site in Thu Duc City in Ho Chi Minh City (HCMC), Vietnam, for approximately US$315.8 million (RM1.47 billion).

A former senior vice-president of Finance and Corporate Services of Consortium Zenith BUCG Sdn Bhd (CZBUCG) told the Sessions Court on Thursday (July 20) that former senior director Datuk Zarul Ahmad Mohd Zulkifli told him and another former director of the company that Zarul had bribed former Penang chief minister Lim Guan Eng in relation to the Penang undersea tunnel project.