Binastra Corp bags RM132m piling job in Johor Bahru
Builder Binastra Corp Bhd (KL:BNASTRA) has secured a RM132 million contract from Exsim Lumba Kuda Sdn Bhd to carry out piling works for a new 63-storey serviced apartment project in Johor Bahru.
PN17 Ivory Properties faces suspension, de-listing after Bursa rejects extension request
Practice Note 17 (PN17) company Ivory Properties Group Bhd (KL:IVORY) announced that Bursa Securities has rejected its application for a further extension of time to submit its regularisation plan.
Lawmakers ask to delay second reading of Urban Renewal Bill for further review
Lawmakers from both sides of the political divide want the Housing and Local Government Ministry to defer the second reading of the Urban Renewal Bill 2025 (URA Bill) and have it referred to relevant parliamentary special select committees for further scrutiny.
MRT Corp defends LRT Mutiara Line’s increased RM16.8 bil budget on inflation and land costs; denies cost overruns
Malaysia Rapid Transit Corporation Sdn Bhd (MRT Corp) said on Thursday that the approved higher ceiling price of RM16.8 billion for the LRT Mutiara Line project was due to cost inflation and increased scope of work, not cost overruns.
Ivory Properties says group CEO cooperating with MBI investigations
Ivory Properties Group Bhd (KL:IVORY) said its group chief executive officer Datuk Low Eng Hock is cooperating with the authorities in the ongoing MBI investigation.
Urban Renewal Bill 2025 tabled in Parliament for first reading
The Urban Renewal Bill 2025, which seeks to lower the consent threshold for redevelopment projects, was tabled for its first reading in the Dewan Rakyat on Thursday.
Matrix Concepts’ 1Q net profit up 3.7% on higher property sales, lower marketing costs
Seremban-based property developer Matrix Concepts Holdings Bhd’s (KL:MATRIX) net profit rose 3.7% year-on-year in the first financial quarter from last year, boosted by stronger property sales and lower selling and marketing expenses.
Cahya Mata slides to two-month low after missing earnings estimates
Cahya Mata Sarawak Bhd (KL:CMSB) fell to a two-month low on Thursday, after the construction materials company reported a weaker-than-expected second quarter.
KTI Landmark to build RM107m cultural complex in exchange for 65-acre land in Sabah
Sabah-based property developer KTI Landmark Bhd (KL:KTI) will build a RM107 million cultural complex on 58 acres of land in Kinarut, Sabah through a land swap with the state government.
Parkson unit signs 20-year lease in China’s Sichuan province
Parkson Holdings Bhd (KL:PARKSON) said that its 54.97%-owned Hong Kong-listed subsidiary Parkson Retail Group Ltd (PRG) has inked a 20-year agreement to lease 4,801 sq m of commercial space in Mianyang City in China’s Sichuan province.
