Master Builders Association Malaysia (MBAM) urges the government and private sector to take immediate action as escalating building material, energy and logistics costs squeeze development contractors and threaten project delivery.
OCR Group Bhd (KL:OCR) is planning to acquire a 49% stake in Chester Properties Sdn Bhd, a property and investment consultancy firm, through the issuance of new shares.
Construction company Kumpulan Kitacon Bhd (KL:KITACON) has secured a RM99.28 million construction project in Cyberjaya, Selangor, from ParkCity Botanika Sdn Bhd.
Eversendai Corporation Bhd (KL:SENDAI) said it has received a termination notice from NEOM Company for its Trojena Ski Village structural steel contract in Saudi Arabia, effective March 26, citing geopolitical developments in the Middle East.
OCR Group Bhd (KL:OCR) entered into a deal on Tuesday with Magna Prima Bhd (KL:MAGNA) to sell 4.58 acres of their 20-acre development property in Section 15, Shah Alam, for RM45 million.
IJM said it had received a letter from the MACC clarifying that "the investigation is confined to several individuals associated with IJM, and not the company itself”.
The civil suit concerns Phun Mun Lap, who was struck by a falling tree on the road divider near the DBKL gateway near the Selayang market in March 2023.
Resident individuals will now be taxed based on progressive income tax rates of between 0% and 30%, while non-residents face a higher flat rate of 30%.
Real estate investment trusts (REITs) led losses across Bursa Malaysia’s sectoral indices on Thursday (March 19), as sentiment turned sour following the government’s move to remove a decade-long preferential tax treatment on REIT distribution.
Berjaya Property Bhd (KL:BPROP), formerly Berjaya Land Bhd, has appointed Johor princess Tunku Tun Aminah Sultan Ibrahim as its new non-independent non-executive chairman, filling a role that had been vacant for more than two years.
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